The entire WOM crew is coming to Arbitrum, including Wombat Exchange, Wombex Finance, Magpie XYZ and Quoll Finance.
WOM Wars Beyond BNB Chain
Ambitious BNB Chain stableswap Wombat Exchange is launching on Arbitrum One on April 5, and the three WOM Wars yield-boosting protocols are coming with it.
The March 27 announcement from Wombat Exchange fulfills the team’s promise to drop “bombshell news” and confirms the hints that had been dropped by the project and its founder Alex Lee.
According to a Medium post from Wombat Exchange:
“We’re bringing our hyper-efficient stableswap experience to all Arbinauts, enabling users to swap stablecoins with minimum slippage and provide single-sided liquidity. In addition to this, we are bringing the entire Wombat ecosystem, including Convex forks namely Wombex, Magpie, and Quoll, to Arbitrum, further expanding our reach and providing even more opportunities for our users.”
The team said BNB Chain will continue to be Wombat’s primary focus, even as the Decentralized Exchange (DEX) has plans to expand to multiple Ethereum Virtual Machine (EVM)-compatible blockchains, including Polygon, Optimism, Fantom and Avalanche.
Wombat aims to bring similar features from its BNB Chain platform to Arbitrum, including $WOM locking and the voting gauge.
The stableswap DEX goes live on Arbitrum at 6 a.m. UTC on April 5, beginning with the listing of main pools $USDT, $USDC and $DAI.
In response to Wombat Exchange’s post, one of the yield-boosting platforms Quoll Finance said, “Wherever #Wombat goes, #Quoll follows💙” and then teased a “surprise” of its own.
What is Wombat Exchange:
Wombat Exchange is a multi-chain stableswap focused on fueling DeFi growth and promoting its product’s scalability, accessibility, and efficiency in the multi-chain space. The protocol allows users to swap stablecoins at minimal slippage and stake at maximum yield.
Where to find Wombat Exchange:
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.
