Wombat Exchange to Kick Off Full App Launch
After months and months of hard work, we’re finally here! With the support of those who believe in the potential of what we do, here is an announcement of our Full Launch, hooray! The official launch date is 5th of Sep at 2AM UTC.
What Additional Features Will Be Available?
Our previous launches have made swapping and providing liquidity available on Wombat. In this launch, here are the key features added:
- The US$40M liquidity pool cap set during the Beta Launch will be updated to US$400M ($100M cap per asset). *Updated as of 5 Sept
- Liquidity mining will be available with the first batch of stablecoin listings: USDT, USDC, DAI, and BUSD. The emission ratio is as below:
- Liquidity providers will earn $WOM from our Base Pool by depositing any of the four listed stablecoins.
- Staking WOM will also enable liquidity providers to receive rewards from Wombat’s Boosting Pool via our veWOM mechanism. Learn how to maximize your boosting pool rewards here.
To get a better understanding of our liquidity mining incentives, check out our LP rewards mechanism explanation article.
A Moment of Gratitude
We would like to extend our gratitude to all of our investors and community for their support and confidence in us. Through achievements and obstacles, they were there steadfastly believing in our aspirations and abilities. We have devoted countless hours in this endeavor, and will continue to do so for the Wombat community and for future generations.
Watch out for airdrops and more good news if you have deposited during our beta stage and voted in our DoraHacks Incubation Grant! Stay tuned for more!
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:
