Wombat Exchange is Coming to Ethereum!
Mark your calendars — We’re excited to announce Wombat Exchange’s long-awaited expansion onto Ethereum has been officially confirmed for August 4th, 2023!
This launch marks a monumental moment in our mission to build the premier multi-chain stableswap ecosystem. Ethereum’s thriving landscape and extensive liquidity make it the perfect next home for Wombat.
We are confident that Wombat will set a new standard for the potential of stableswap, redefine user expectations of what a seamless, optimized stableswap experience can be. The Ethereum launch marks a major milestone as we continue pushing toward that vision.
The Next Era of Stableswap on Ethereum
At Wombat, we pride ourselves on leveraging advanced mathematics to revolutionizes stableswap efficiency. By incorporating the coverage ratio concept, we have mastered minimal slippage for swaps and single-sided provision. Our closed-form quadratic solution means lightning-fast calculations that save users substantial gas fees and calculation time.
By combining the symmetry and reactivity of the traditional invariant function with the efficiency and flexibility of the ALM model, our liquidity pools achieve equilibrium faster and remain balanced longer than any other stableswap protocols, resulting an unmatched capital efficiency and effortless reduction of slippage.
Wombat Exchange has achieved remarkable success on BNB Chain and Arbitrum. We reached an all-time high of over $100 million in 24h trading volume — ranking among DeFi giants with just a fraction of their TVL. This proven performance stems from our unmatched capital efficiency. Now, we are leveraging our cutting-edge equilibrium algorithm to bring this same game-changing stableswap experience to Ethereum.
Wombat on Ethereum
Wombat’s official Ethereum launch is marked on August 4th, 2023. To celebrate this milestone, we have partnered with leading protocols including Lido to bring special rewards and incentives during launch week. More collaborations and campaigns with prominent stablecoin and liquid staking partners are also planned in the coming weeks post-launch.
In the initial release, swaps and pools will be activated, so Ethereum users can experience core Wombat functionality like minimal slippage trading and single-sided provisions. Further details regarding WOM emissions schedules and other specifics will be revealed as we get closer to the launch date.
We are honored to be working alongside highly respected projects in the Ethereum ecosystem on this much anticipated deployment. Stay tuned for more details.
Moving forward
Wombat’s deployment on Ethereum marks an exciting step forward in the DeFi world. This launch brings us one step closer toward our vision of maximizing capital optimization and establishing ourselves as the leading multichain stableswap platform. We are thrilled to showcase our cutting-edge capabilities to the Ethereum community firsthand.
Stay tuned as we continue innovating and pushing boundaries. We are just getting started in our mission to redefine the future of DeFi!
About Wombat Exchange
Wombat Exchange is a multichain stableswap native on the BNB Chain, focused on re-engineering the stableswap experience with its innovative algorithm design as the next-generation stableswap 2.0.
Wombat’s vision is to fuel DeFi growth and push boundaries with greater capital efficiency, increased accessibility, and scalability, with the adoption in a multichain world. To learn more, visit wombat.exchange, or follow us on the social channels below:
