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WingRiders: swap execution, refundable ADA and geographic restrictions

WingRiders’ request processing, routed-swap limits, stable pools, refundable ADA, governance and published eligibility restrictions.

By FXBrokers Research DeskOperating status: ActivePublished Updated Sources checked
  • WingRiders’ published terms have broad country exclusions, including the US, UK and EU.
  • The documented 2 ADA Request Oil is refundable; pool, project, agent and network charges are separate.
  • A routed swap can execute its first leg while the second remains unfilled.
  • Stable pools and zap functions have distinct fee and depeg exposures, and WRT governance can change parameters.

WingRiders is a Cardano AMM and liquidity interface using agents to process requests. Its cost structure includes pool and agent charges, network fees and refundable request ADA. The published terms, dated 1 June 2023, contain broad geographic exclusions, including the US, UK and EU; wallet compatibility should not be interpreted as legal access.[7][2][1]

Markets & services

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Reference table01

Product components

Product components
ItemPublished terms
SwapsRequests processed against liquidity poolsSource 2Source 3Source 6Source 4
LiquidityConstant-product and stable pool designsSource 2Source 3Source 6Source 4
V2App invites users to migrate older liquidity to V2 contractsSource 2Source 3Source 6Source 4
GovernanceWRT-based proposals and votingSource 2Source 3Source 6Source 4
Reference table02

Swap request controls

Swap request controls
ItemPublished terms
SlippageUser sets tolerated adverse price movementSource 2Source 1
DeadlineLimits how long a request remains validSource 2Source 1
AgentCollects and executes requests in batchesSource 2Source 1
Unfilled requestFunds may need reclaiming after expirySource 2Source 1
Reference table03

Routed execution limits

Routed execution limits
ItemPublished terms
RouteUses an intermediate token when there is no direct poolSource 2
ChargesTwo swaps pay two pool feesSource 2
Failure riskSecond request may fail after the first succeedsSource 2
ResultUser can be left holding the intermediate assetSource 2
Reference table04

Pool designs

Pool designs
ItemPublished terms
Constant productGeneral-purpose pair pricingSource 3
StableswapFlatter pricing near the expected pegSource 3
V2 codeProject says pool designs share a codebase with different invariantsSource 3
Peg failureStable-pool efficiency does not remove depeg riskSource 3
Reference table05

Liquidity convenience functions

Liquidity convenience functions
ItemPublished terms
Zap-inCan convert an uneven or one-token contribution before adding liquiditySource 3
Zap-outCan convert withdrawn assets into one tokenSource 3
Internal swapStill attracts a swap feeSource 3
Execution savingsCombining steps avoids an additional agent/network transaction chargeSource 3

Fees & commercial terms

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Reference table06

Cost components

Cost components
ItemPublished terms
Pool swap feeTaken from traded value for pool economicsSource 1Source 8
Project feeSome pools add a charge allocated to project ownersSource 1Source 8
Agent feeFunds batch execution and compensationSource 1Source 8
Network feeCardano transaction charge in ADASource 1Source 8
Reference table07

Request Oil ADA

Request Oil ADA
ItemPublished terms
Published request amount2 ADASource 2Source 1
TreatmentReturned on completion; not an agent feeSource 2Source 1
Routed requestIncreased to cover at least 2 ADA for each requestSource 2Source 1
Funding implicationRequired upfront even though it is refundableSource 2Source 1
Reference table08

Comparing complete quotes

Comparing complete quotes
ItemPublished terms
Single versus routed swapCount every pool fee and requestSource 2Source 1Source 3
Displayed priceCheck the actual minimum received and price impactSource 2Source 1Source 3
ADA deductionsSeparate paid fees from returned Request OilSource 2Source 1Source 3
LP operationsAn embedded zap swap can add a pool chargeSource 2Source 1Source 3

Deposits, withdrawals & settlement

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Reference table09

Supported wallet examples

Supported wallet examples
ItemPublished terms
Software walletsLace, NuFi, Eternl, Gero and Typhon appear in the app guidanceSource 6Source 8
Hardware supportLedger and Trezor through supported wallet arrangementsSource 6Source 8
NuFi integrationEmbedded DEX access is advertisedSource 6Source 8
FundingCorrect Cardano assets plus enough ADA for the selected actionSource 6Source 8
Reference table10

Asset and output identity

Asset and output identity
ItemPublished terms
Token identifierPolicy ID and asset nameSource 8
Ticker collisionMatching names under different policies are different assetsSource 8
Minimum ADAToken-bearing outputs require ADA alongside tokensSource 8
Cross-chain assetA similarly named token on another network cannot be assumed interchangeableSource 8
Reference table11

Pending request handling

Pending request handling
ItemPublished terms
Before executionRequest assets are committed to the contractSource 2Source 1
Price movementCan prevent a request satisfying its toleranceSource 2Source 1
ExpiryDeadline defines the reclaim boundary described by the glossarySource 2Source 1
Routed operationReview the state of each leg, not only the initial requestSource 2Source 1

Custody & asset handling

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Reference table12

Where assets are exposed

Where assets are exposed
ItemPublished terms
WalletUncommitted assets remain under wallet controlSource 6Source 1Source 7
RequestAssets await agent processing under contract conditionsSource 6Source 1Source 7
PoolLP position is exposed to reserve changes and token pricesSource 6Source 1Source 7
External providerA bridge or other integration adds its own terms and risksSource 6Source 1Source 7
Reference table13

Pool income components

Pool income components
ItemPublished terms
TradingPool charges increase liquidity-provider economicsSource 1Source 4
ADA stakingGlossary says ADA liquidity is staked and rewards returned to poolsSource 1Source 4
IncentivesFarming arrangements can be changed by governanceSource 1Source 4
ReturnNone of these components guarantees a positive total resultSource 1Source 4
Reference table14

Audit and administration scope

Audit and administration scope
ItemPublished terms
V2 statementProject says the rewritten codebase was auditedSource 3Source 4
Scope limitThat statement alone is not an independent deployed-code security assessmentSource 3Source 4
CaretakersDAO documentation assigns development/service roles to the initial teamSource 3Source 4
Future planA veto board is described as planned, not established by that textSource 3Source 4

Client eligibility & restrictions

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Reference table15

Published geographic exclusions

Published geographic exclusions
ItemPublished terms
Major marketsUS, UK, EU member states, Canada, AustraliaSource 7
AsiaChina, Japan, South Korea and PakistanSource 7
Other named placesRussia, Cuba, North Korea, Iran, Syria, Crimea and SeychellesSource 7
Additional limitsSanctions, FATF categories and jurisdictions requiring unobtained permissionSource 7
Reference table16

Age and governance eligibility

Age and governance eligibility
ItemPublished terms
Service age18 or the higher local age of majoritySource 7Source 4
WRT locationNoncustodial wallet, WingRiders positions or vesting can countSource 7Source 4
Excluded voting holdingsCustodial exchange wallets and unrelated protocols do not countSource 7Source 4
AccessGovernance participation also requires compliance with the platform termsSource 7Source 4

Support & contacts

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Reference table17

Support and notices

Support and notices
ItemPublished terms
Published email[email protected]Source 7Source 2
Useful recordsRequest transaction, pool and any routed-leg transactionSource 7Source 2
Third-party issueProvider support may be needed for an external serviceSource 7Source 2
Notice ruleTerms say receipt of legal notice is confirmed by replySource 7Source 2

Authorisations & registrations

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Reference table18

Legal disclosure scope

Legal disclosure scope
ItemPublished terms
Document date1 June 2023Source 7
Status claimedSoftware/service provider; no financial-institution role claimedSource 7
Law and courtsBritish Virgin Islands in the published contractSource 7
Legal identity gapFull incorporated counterparty name is not supplied in that documentSource 7

Operator & entity scope

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Reference table19

Governance decisions

Governance decisions
ItemPublished terms
Ordinary attention threshold2% of maximum voting powerSource 5
Major decisionsAt least 10% participation and 65% yes votesSource 5
SnapshotVoting power fixed at the proposal’s startSource 5
WeightsOrdinary eligible WRT: 1; vesting WRT: 0.5 per tokenSource 5
Reference table20

Roles and change authority

Roles and change authority
ItemPublished terms
Initial teamDevelopment and servicing role in DAO documentationSource 4Source 7
WRT votersCan change fees, incentives and other parameters through proposalsSource 4Source 7
Smart contractsExecute authorised requests and pool actionsSource 4Source 7
Corporate evidenceDAO terminology alone does not identify a licensed legal counterpartySource 4Source 7
Operator
WingRiders interface and DAO; full contracting-company name is not specified in the inspected terms
Exchange model
Decentralised
Service scope
Cardano swaps, constant-product and stable liquidity pools, related farming and WRT governance. Agents process requests; routed swaps can have multiple independently executed legs.
Client types
Retail clients; Professional clients
Pricing publication
Public and quoted pricing
Other names
WingRiders DEX; WingRiders DAO
Headquarters
Full contracting company and incorporation jurisdiction not specified; terms choose BVI law
Covered jurisdictions
Cardano interface subject to broad published country exclusions
Pricing scope
Pool trading fees, possible project fees, agent compensation and Cardano network fees apply. Published 2 ADA Request Oil is refundable on request completion and rises for multi-request routes; no universal all-in percentage was established.
Funding scope
Cardano assets and ADA fund swaps and requests. Request Oil is returned on completion; unsuccessful requests may require reclaiming after the deadline. Routed execution may leave the intermediate asset.
Custody and asset handling
Wallet-authorised requests and pool contracts hold committed assets. Agent batching, pending requests and LP positions create different execution and liquidity exposures.
Client eligibility
June 2023 terms exclude, among others, US, UK, EU, Canada, Australia, China, Russia, Japan, South Korea and Seychelles, plus other listed/sanctioned jurisdictions. Minimum age is 18 or higher local majority.
Support
[email protected] in the official terms; documentation and DAO community channels provide product guidance.
Authorisation and registration scope
Terms describe a software service and disclaim financial-institution status. No specific financial-services permission or compensation cover is established by the cited documents.

Exchange metadata checked 27 Oct 2026Source 1Source 2Source 3Source 4Source 5Source 6Source 7Source 8

Additional Information

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A two-pool route has more than a doubled percentage charge to consider: it also uses multiple requests and can finish only its first leg. The route’s minimum output, the intermediate asset and the reclaim conditions are therefore as relevant as its displayed exchange rate.[2][1]

Follow the evidence

Sources & further reading

  1. WingRiders fee and liquidity pool terminology WingRiders Docs · Accessed 27 Oct 2026
  2. WingRiders guidance and swap workflows WingRiders Docs · Accessed 27 Oct 2026
  3. Cardano native-token identities and ADA requirements Cardano documentation · Accessed 27 Oct 2026

This profile reports dated public information, including exchange-published services and terms. It does not independently test or guarantee trading, custody, pricing or withdrawals. Inclusion is not an endorsement. Permissions and protections apply only to the named legal entity, service and client category; check the current official records and your contract.

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