HumidiFi Token (WET) is an SPL token on the Solana blockchain that supports the operation of the HumidiFi decentralised exchange. WET functions as the protocol’s native utility token and is designed to align active traders with the exchange through usage-based incentives rather than liquidity provision.

The token is tied directly to HumidiFi, an active liquidity decentralised exchange that uses a proprietary automated market making model. WET is positioned as an operational token within this system, supporting trader participation and protocol-level incentive mechanisms.

WET is used within HumidiFi’s staking and fee rebate system. Token holders can stake WET to receive trading fee rebates when executing trades on the HumidiFi exchange. The protocol reads the user’s staking tier on-chain and applies the corresponding rebate automatically at the point of execution.

The utility of WET is focused on reducing trading costs for active users and creating a structured incentive framework linked to exchange usage. Staking is available from launch, with additional utility features expected to be introduced as the protocol develops.

HumidiFi was founded by Kevin Pang, who initiated the development of the protocol and its active liquidity model on Solana.

The protocol is supported by Zero Position, a Cayman-based foundation without members or owners, whose stated mission is to support and scale the Solana ecosystem. The core engineering contributor to HumidiFi is Butterfly Research, operating under the name Temporal. Butterfly Research focuses on blockchain research, development and infrastructure, including protocol engineering, liquidity mechanism design and validator performance optimisation.

In addition to the core contributors, the protocol receives input from independent engineering teams, liquidity providers and product advisors.