The full launch of BNB Chain-based multichain stableswap Wombat Exchange will bring several key features and incentives to users.
Meet the All-New Wombat Exchange
Multichain stableswap Wombat Exchange is set to launch fully on Sept. 5, the project team confirmed to users in an Aug. 26 announcement.
Based on BNB Chain, Wombat Exchange said the Stableswap V2 full launch would come with key features. These include:
The upgrade of the $40 million liquidity pool cap set during the Beta Launch to $400 million ($100 million per asset)
Enabling liquidity mining with the first batch of stablecoin listings: USDT, USDC, DAI, and BUSD
Rewarding liquidity providers with $WOM tokens from its Base Pool when they deposit any of the supported stablecoins, and
rewarding liquidity providers from Wombat’s Boosting Pool via its veWOM mechanism when they stake WOM.
Speaking to BSC News on what the intended launch means for the project and what users should expect, the Wombat Exchange team said:
“It will be the kick-start of our journey to being the best stableswap on BNB Chain. We are aiming to launch our side pool & liquid staking pool in the coming weeks to further enhance our product growth and user experience – so users are able to have more options in liquidity mining & we have a better chance of attracting more TVL.”
“At the same time, we’ll also work on our governance voting design shortly. Since we’re already communicating with nine projects building on top of Wombat, we are expecting the rise of the token bribes pretty soon. By then, there will be more use cases for the WOM token and a better APR in general to our WOM stakers.”
In its just-concluded its Initial Farm Offering (IFO) on PancakeSwap, Wombat Exchange’s WOM token got oversubscribed by 15 times in the IFO public sale and by 11 times in the private sale.
Source : bsc.news
Founded in 2020, BSCNews is the leading media platform covering decentralized finance (DeFi) on the Binance Smart Chain (BSC). We cover a wide range of blockchain news revolving mainly around the DeFi sector of the crypto markets. BSCNews aims to inform, educate and share information with the global investment community through our website, social media, newsletters, podcasts, research, and live ask me anything (AMA). Our content reaches hundreds of thousands of global investors who are active in the BSC DeFi space.
BSC NEWS is a private news network. All posts posted by this user belong 100% to bsc.news All rights are reserved to BSC NEWS for more information about BSC NEWS contact BSC NEWS HERE.
