WAD Pairs on Voi and Arbitrage Opportunities

Version 1.0.0 | Last Updated: March 19, 2026

Draft — WAD (Whale Asset Dollar, contract 47138068) across Nomadex and HumbleSwap

Data snapshot: March 19, 2026. Pool reserves and prices change continuously; verify current state before trading.

Note: This article was produced with the assistance of AI. Analysis, conclusions, and recommendations should be independently verified before making any trading decisions.

Agent-Assisted Research: This analysis was conducted using agent-assisted research tools. For a detailed example of the research process, including the methodology, tools used, and step-by-step discovery process, see: Agent-Assisted Research: WAD Arbitrage Opportunities on Voi.

⚠️ IMPORTANT: Nomadex Rate Discrepancy

There is a known issue where Nomadex rates may be higher than reported in this analysis. See GitHub issue #11 for details. Always verify current rates directly from Nomadex before executing trades. The rate comparisons and arbitrage calculations in this article may need adjustment based on actual Nomadex rates.

🚨 SIGNAL SUMMARY

ACTIVE OPPORTUNITIES

1. WAD/UNIT Cross-DEX Arbitrage

• Status: ✅ CONFIRMED — Successfully executed in practice
• Action: Monitor price differences between Nomadex (pool 47424655) and HumbleSwap (pool 47175149)
• Entry Signal: When cross-DEX price difference exceeds 1%+ after accounting for fees (0.3% Nomadex + 0.99% HumbleSwap)
• Execution: Buy on cheaper DEX, sell on expensive DEX — rapid execution critical
• Profit Potential: 0.5% to 2%+ in favorable conditions
• Risk Level: Medium — requires fast execution and sufficient liquidity
• ⚠️ Note: Verify Nomadex rates directly — there may be a discrepancy where rates are higher than reported (see GitHub issue #11)

2. WAD Stablecoin Depeg Play

• Status: ⚠️ OPPORTUNISTIC — Monitor for entry
• Action: Watch WAD/aUSDC pools for WAD trading below $1.00 USD
• Entry Signal: WAD/aUSDC ratio drops below 0.99 (WAD trading below peg)
• Best Pool: HumbleSwap pool 47175110 (~2,869 aUSDC / ~3,538 WAD — deepest liquidity)
• Execution: Buy WAD when depegged, hold until return to $1.00
• Profit Potential: Depends on depeg depth (typically 1-5% if peg restores quickly)
• Risk Level: Medium-High — no guarantee peg will restore

NO OPPORTUNITY

• WAD/VOI: Rates too similar, fees eliminate edge
• WAD/aUSDC Arbitrage: Nomadex pool too thin (illiquidity, not mispricing)

TOOLS NEEDED

• UluOS (MCP suite atm — expected to evolve into something bigger)
• HumbleSwapMCP
• NomadexMCP
• UluWalletMCP for transaction signing

Quick Reference

1. Overview

WAD (Whale Asset Dollar) is an ARC-200 stablecoin on Voi designed to maintain a $1.00 USD peg. This analysis examines where WAD trades across Nomadex and HumbleSwap, identifies common pairs, and evaluates arbitrage opportunities between the two DEXes. Both DEXes can be used with your favorite AI agent such as OpenClaw.

Assumptions: VOI and wVOI (Wrapped Voi) are treated as the same for cross-DEX comparison (1:1 wrapped native). aUSDC is the same asset on both DEXes.

Research Methodology: This analysis was conducted using agent-assisted research tools, including MCP servers for Nomadex, HumbleSwap, and core blockchain data. The research process involved systematic pair discovery, rate comparison across multiple trade sizes, and real-time quote analysis. For a detailed walkthrough of the research methodology, see the agent-assisted research example.

2. WAD Pairs by DEX

2.1 Nomadex (Voi)

Nomadex can be used with your favorite AI agent such as OpenClaw.

⚠️ Rate Discrepancy Warning: Nomadex rates may be higher than reported in this analysis. See GitHub issue #11. Always verify current rates directly from Nomadex before trading.

• Fee: 0.3% (typical for Nomadex).
• ⚠️ CRITICAL WARNING: There is also a VOI/WAD pool 47160809 with a different WAD token (47155831, not the standard 47138068) and zero liquidity. Some quote APIs may incorrectly point to this empty pool by default, returning zero quotes. Always verify you're using the correct WAD token (47138068) and the liquid pool (47166025) when building automation.

2.2 HumbleSwap (Voi)

HumbleSwap can be used with your favorite AI agent such as OpenClaw.

HumbleSwap WAD/aUSDC pool 47175110 has on the order of ~2,869 aUSDC and ~3,538 WAD (much deeper than Nomadex's ~1.17 aUSDC / ~1.40 WAD).

3. Common Pairs (Same Economic Market)

Treating VOI = wVOI (Wrapped Voi):

So there are three common WAD markets: WAD/VOI (wVOI (Wrapped Voi)), WAD/UNIT, and WAD/aUSDC.

4. Rate Comparison (Representative Quotes)

⚠️ Important Note on Nomadex Rates: The Nomadex rates reported in this section may be lower than actual rates. There is a known issue where Nomadex rates may be higher than what's shown here. See GitHub issue #11 for details. Always verify current rates directly from Nomadex before making trading decisions. The arbitrage opportunities and rate comparisons may need adjustment based on actual Nomadex rates.

Note: All quotes assume 5% slippage tolerance. Actual execution may differ based on real-time market conditions.

4.1 WAD / UNIT

• Small size (e.g. 1 WAD): HumbleSwap often gives more UNIT per WAD; Nomadex has lower fee (0.3% vs 0.99%). ⚠️ Note: Nomadex rates may be higher than reported — verify directly.
• Larger size (e.g. 100 WAD): Nomadex can give better UNIT output due to deeper WAD/UNIT book; HumbleSwap's pool shows higher impact at size. ⚠️ Note: Nomadex rates may be higher than reported — verify directly.

So "which is better" depends on size and direction; no single DEX dominates all sizes. However, if Nomadex rates are actually higher than reported, this could significantly impact arbitrage calculations.

4.2 WAD / VOI (WAD / wVOI (Wrapped Voi))

• HumbleSwap: e.g. 1 WAD → ~4,045 VOI; 4,000 VOI → ~0.97 WAD (pool 47165327).
• Nomadex: Liquid pool 47166025 (82,931 VOI / 19.79 WAD) implies similar rates (e.g. ~4,039 VOI per 1 WAD after 0.3% fee). ⚠️ Note: Nomadex rates may be higher than reported — verify directly. Some quote endpoints return the empty pool 47160809, giving zero; care is needed when automating.

Rates are very close; HumbleSwap is marginally better in both directions in tested quotes. However, if Nomadex rates are actually higher than reported, this conclusion may change. Round-trips (VOI → WAD → VOI) lose to combined fees (0.3% + 0.99%) and spread.

4.3 WAD / aUSDC

• Nomadex (47165570): Very small book (~1.17 aUSDC, ~1.40 WAD). Example: 1 WAD → ~0.49 aUSDC; 1 aUSDC → ~0.64 WAD (with very high price impact, e.g. 71–85%). ⚠️ Note: Nomadex rates may be higher than reported — verify directly.
• HumbleSwap (47175110): Deeper book. Example: 1 WAD → ~0.80 aUSDC; 1 aUSDC → ~1.22 WAD (~1% impact).

So HumbleSwap has both better liquidity and better execution for WAD/aUSDC at normal sizes. If Nomadex rates are actually higher than reported, the gap may be even wider.

4.4 Slippage and Transaction Costs

• Slippage: Price impact increases with trade size. For small trades (1-10 WAD), slippage is typically <1% on liquid pools. For larger trades (100+ WAD), calculate expected slippage before execution.
• Transaction Fees: Voi network transaction fees are minimal (~0.001 VOI per transaction), so they have negligible impact on arbitrage profitability. However, for high-frequency trading, cumulative fees should be considered.
• Total Cost Calculation: When evaluating opportunities, account for: DEX fees (0.3% or 0.99%) + slippage + transaction fees (~0.001 VOI per tx). For cross-DEX arbitrage, you'll pay fees on both legs.

5. Arbitrage Opportunities

5.1 WAD / VOI (WAD / wVOI (Wrapped Voi))

• Conclusion: No meaningful arbitrage in the tested setup.
• Reason: Mid rates are very similar; HumbleSwap is slightly better on both "sell WAD for VOI" and "buy WAD with VOI." Any round-trip (e.g. VOI → WAD on one DEX → VOI on the other) loses to fees and the small spread.
• Caveat: If Nomadex quote APIs or routing use the liquid pool 47166025 instead of the empty 47160809, live spreads could differ; re-check with current quotes if building automation.
• ⚠️ Additional Note: If Nomadex rates are actually higher than reported (see GitHub issue #11), this conclusion may need revision. Verify rates directly.

5.2 WAD / aUSDC

• Conclusion: No arbitrage opportunity in the current setup.
• Reason: The "cheap" side is Nomadex's very thin WAD/aUSDC pool (impact 71–85% for 1-unit trades). That makes Nomadex's effective rate worse, not a source of profitable arb. HumbleSwap has better liquidity and better rates both ways.
• ⚠️ Note: If Nomadex rates are actually higher than reported, this conclusion is reinforced — Nomadex would be even less attractive for this pair.
• Example round-trips:So no profitable path after fees.
  • 1 aUSDC → WAD on Nomadex → sell WAD on HumbleSwap → ~0.52 aUSDC (loss).
  • 1 aUSDC → WAD on HumbleSwap → sell WAD on Nomadex → ~0.60 aUSDC (loss).

5.3 WAD / UNIT — ✅ ACTIVE OPPORTUNITY

🎯 THIS IS THE ONE — Confirmed profitable arbitrage

• Status: ✅ Successfully executed in practice
• Pools to Monitor:
  • Nomadex: Pool 47424655 (227.01 WAD / 261.08 UNIT)
  • HumbleSwap: Pool 47175149
• Entry Signal: Price difference between DEXes exceeds 1%+ after accounting for all fees
• ⚠️ CRITICAL: Verify Nomadex rates directly before executing. If Nomadex rates are actually higher than reported (see GitHub issue #11), arbitrage opportunities may be different than calculated here. Always confirm rates from both DEXes before trading.
• Execution Strategy:
  • Compare quotes from both DEXes using HumbleSwapMCP and NomadexMCP
  • Buy on the cheaper DEX, sell on the expensive DEX
  • Execute rapidly — opportunities disappear quickly
• Profit Margins: 0.5% to 2%+ in favorable market conditions (subject to actual rate verification)
• Tools Used: UluOS, HumbleSwapMCP, NomadexMCP, and UluWalletMCP for discovery and execution

Why it works: The price differences between Nomadex (pool 47424655) and HumbleSwap (pool 47175149), combined with the fee differential (0.3% vs 0.99%), create windows where profitable arbitrage is possible. Market conditions, timing, and execution speed are critical factors. However, if Nomadex rates are actually higher than reported, the arbitrage calculations need to be adjusted accordingly.

Execution Flow:

flowchart TD
    A[Monitor Pools] --> B{Price Difference > 1%+ after fees?}
    B -->|No| A
    B -->|Yes| C[Get Quotes from Both DEXes]
    C --> D[Verify Nomadex Rates Directly]
    D --> E{Still Profitable?}
    E -->|No| A
    E -->|Yes| F[Calculate Expected Profit]
    F --> G{Profit > All Costs?}
    G -->|No| A
    G -->|Yes| H[Build Transactions]
    H --> I[Sign with UluWalletMCP]
    I --> J[Broadcast Rapidly]
    J --> K[Monitor Execution]
    K --> A

5.4 WAD Stablecoin Depeg Opportunity — ⚠️ MONITOR

💰 Depeg Play — Buy WAD Below $1.00

Concept: WAD is designed to maintain a $1.00 USD peg. When it temporarily trades below $1.00, buy at discount and profit when it returns to peg.

Entry Signal:

• Monitor WAD/aUSDC pools (especially HumbleSwap pool 47175110)
• When WAD/aUSDC ratio drops below 0.99, WAD is trading below $1.00
• Execute buy orders quickly — depegs are often temporary

Best Execution Venue: HumbleSwap pool 47175110 (~2,869 aUSDC / ~3,538 WAD) — deepest liquidity

Risk: No guarantee WAD will return to peg. Extended depegs or permanent loss of peg are possible.

6. Summary Table

7. Getting Started — Action Plan

Step 1: Set Up Tools

• Install UluOS (MCP suite atm — expected to evolve into something bigger in the future)
• Set up HumbleSwapMCP for HumbleSwap pool data and transaction building
• Set up NomadexMCP for Nomadex pool data and transaction building
• Set up UluWalletMCP for transaction signing
• Note: Both HumbleSwap and Nomadex can be used with your favorite AI agent such as OpenClaw

Step 2: Monitor Key Pools

• ✅ Priority: WAD/UNIT pools (47424655 on Nomadex, 47175149 on HumbleSwap) for arbitrage
• ⚠️ Watch: WAD/aUSDC pool 47175110 on HumbleSwap for depeg opportunities
• Set up price alerts or automated monitoring scripts
• ⚠️ IMPORTANT: Always verify Nomadex rates directly — there may be a discrepancy (see GitHub issue #11)

Step 3: Calculate Profitability

• Compare quotes from both DEXes using the MCP tools
• ⚠️ Verify Nomadex rates directly — they may be higher than what tools report
• Account for all fees (0.3% Nomadex, 0.99% HumbleSwap) and estimated slippage
• Factor in transaction costs (~0.001 VOI per transaction)
• Only execute when net profit is positive after all costs

Step 4: Execute Trades

• Use the MCP tools to build unsigned transactions
• Sign transactions with UluWalletMCP
• Broadcast transactions quickly to capture opportunities

Additional Resources: For lending and borrowing opportunities on Voi Network, check out DorkFi, a DeFi lending protocol that may offer additional yield opportunities with WAD and other Voi assets.

8. Monitoring Strategy

Real-time Price Comparison: Use HumbleSwapMCP and NomadexMCP to continuously compare WAD prices across pools. Set up automated scripts that poll both DEXes every few seconds. ⚠️ Always verify Nomadex rates directly — there may be a reporting discrepancy.

Price Alerts: Configure alerts for when WAD/aUSDC ratio drops below 0.99 (indicating WAD trading below $1.00) or when cross-DEX price differences exceed a profitable threshold (e.g., 1%+ after fees).

Liquidity Monitoring: Track pool reserves to ensure sufficient liquidity exists for your intended trade size. Pool reserves can change rapidly, especially during volatile periods.

Execution Speed: Opportunities can disappear quickly as other traders or bots capture them. Consider automated execution systems for competitive advantage, but always include safety checks and slippage protection.

9. Risks and Limitations

9.1 Risks

• Smart Contract Risk: Both DEXes operate via smart contracts. While audited, there is always risk of bugs, exploits, or unexpected behavior.
• Liquidity Risk: Pool liquidity can change rapidly. A profitable opportunity may disappear or become unprofitable due to slippage if liquidity is insufficient for your trade size.
• Execution Risk: Network congestion, transaction failures, or slow execution can result in missed opportunities or worse-than-expected fills.
• Market Risk: Prices can move against you between quote and execution. Always use slippage protection and consider the volatility of the assets involved.
• Rate Reporting Risk: ⚠️ Nomadex rates may be higher than reported in this analysis. See GitHub issue #11. Always verify rates directly from Nomadex before executing trades.
• Stablecoin Depeg Risk: While WAD is designed to maintain a $1.00 peg, there is no guarantee it will return to peg. Extended depegs or permanent loss of peg are possible, especially if the underlying mechanism fails.
• Regulatory Risk: Regulatory changes could affect DEX operations or token availability.

9.2 Limitations

• Data Freshness: This analysis is based on a snapshot in time (March 19, 2026). Pool reserves, prices, and market conditions change continuously. Always verify current state before trading.
• Quote Accuracy: Representative quotes used 5% slippage tolerance. Real execution may differ significantly, especially during volatile periods or for larger trade sizes.
• Nomadex Rate Discrepancy: ⚠️ There is a known issue where Nomadex rates may be higher than reported. See GitHub issue #11. All rate comparisons and arbitrage calculations involving Nomadex should be verified directly.
• Incomplete Coverage: This analysis focuses on Nomadex and HumbleSwap. Other DEXes or trading venues may offer additional opportunities not covered here.
• Automation Complexity: While MCP tools facilitate automation, building robust arbitrage bots requires careful error handling, gas optimization, and monitoring systems.
• Competition: As more traders become aware of these opportunities, competition may reduce profit margins over time.

10. Future Research

Areas for further investigation and potential opportunities:

• Other WAD Pairs: Analyze arbitrage opportunities in WAD/TURTLE, WAD/SHELLY, WAD/BUIDL, WAD/POW, and WAD/CORN pairs (currently only on HumbleSwap).
• Multi-hop Arbitrage: Explore triangular arbitrage paths (e.g., WAD → UNIT → VOI → WAD) that might be profitable even when direct pairs are not.
• Other DEXes: Investigate WAD trading on additional DEXes beyond Nomadex and HumbleSwap.
• Lending Protocols: Explore opportunities on DorkFi and other lending protocols that may offer yield opportunities with WAD and related assets.
• Automated Strategies: Develop and backtest automated arbitrage bots with proper risk management and execution optimization.
• Historical Analysis: Study historical depeg events and arbitrage opportunities to identify patterns and optimal entry/exit strategies.
• Liquidity Provision: Evaluate providing liquidity to WAD pairs and compare returns against arbitrage strategies.
• Rate Verification: Resolve the Nomadex rate discrepancy issue (see GitHub issue #11) and update arbitrage calculations accordingly.

11. Data and Conventions

• WAD: ARC-200, contract 47138068 (6 decimals).
• VOI: Native; wVOI (Wrapped Voi) = 390001 (6 decimals). Treated as 1:1 with VOI for cross-DEX comparison.
• aUSDC: 395614 (Nomadex also references 302190 in pool id; same asset for our purposes).
• Quotes: 5% slippage, snapshot in time; real execution may differ.
• Fees: Nomadex 0.3%; HumbleSwap 0.99% (total, proto + LP).
• Transaction Fees: ~0.001 VOI per transaction on Voi Network (minimal impact).
• Data Source: Analysis performed using UluOS, HumbleSwapMCP, NomadexMCP, and UluWalletMCP on March 19, 2026.
• ⚠️ Rate Discrepancy: Nomadex rates may be higher than reported. See GitHub issue #11.

12. Key Takeaways

• ✅ WAD/UNIT arbitrage is viable and has been successfully executed. Monitor both Nomadex (pool 47424655) and HumbleSwap (pool 47175149) for price discrepancies. ⚠️ Verify Nomadex rates directly before executing.
• ⚠️ WAD depeg opportunities exist when the stablecoin trades below $1.00. Monitor WAD/aUSDC pools, especially HumbleSwap's deeper pool (47175110).
• 💧 HumbleSwap generally offers better liquidity for WAD pairs, particularly WAD/aUSDC, making it preferable for larger trades.
• 💰 Nomadex has lower fees (0.3% vs 0.99%), which can make it more attractive for certain trade sizes and directions. ⚠️ However, verify rates directly — they may be higher than reported.
• ⚠️ Always verify pool IDs and token contracts to avoid the empty Nomadex pool (47160809) which uses a different WAD token.
• 🛠️ Use MCP tools (UluOS, HumbleSwapMCP, NomadexMCP, UluWalletMCP) for real-time data and transaction building to effectively capture opportunities. ⚠️ But always verify Nomadex rates directly due to potential reporting discrepancy.
• 📊 Account for all costs: DEX fees, slippage, and transaction fees when calculating profitability.
• ⚠️ Risks are real: Smart contract risk, liquidity risk, execution risk, and stablecoin depeg risk all exist. Never risk more than you can afford to lose.
• ⚠️ Rate Verification Critical: Nomadex rates may be higher than reported. Always verify directly before trading. See GitHub issue #11.

Disclaimer: This analysis is for informational purposes only and does not constitute financial advice. Cryptocurrency trading involves substantial risk of loss. Always verify pools, fees, and rates before trading. Past performance does not guarantee future results. The author has successfully executed arbitrage opportunities but makes no guarantees about future profitability. This article was produced with the assistance of AI; all analysis, conclusions, and recommendations should be independently verified before making any trading decisions. ⚠️ IMPORTANT: Nomadex rates may be higher than reported in this analysis — always verify rates directly from Nomadex before executing trades.