What Is Wombat Exchange (WOM)?
Wombat Exchange is a multi-chain stableswap built natively on the BNB Chain. Wombat adopts the concepts of asset-liability management and coverage ratio, enabling various stablecoins to be swapped at minimal slippage and the ability to single-stake stablecoins for sustainable yield.
WOM is the governance token that is used for:
- Participating and voting on governance decisions
- Rewards for providing liquidity with stablecoins.
- Boosting the liquidity incentives by locking WOM tokens. The boost will be represented by voting escrow WOM (veWOM). The longer the lock, the higher the veWOM and the bigger the rewards.
How Many WOM Coins Are There in Circulation?
Wombat launched its mainnet on May 6, 2022. WOM circulation will reach max in year 5. Visit here for more information about Wombat’s tokenomics.
Who Are the Founders of Wombat Exchange?
Wombat Exchange is founded by Alex Lee, a Quant Trader and Blockchain Engineer with extensive experience in crypto, project management, and portfolio management.
How Is Wombat Exchange Secured?
Wombat Exchange operates securely by the BNB Chain, a blockchain that runs in parallel to the Binance Chain. BNB Chain is compatible with the Ethereum Virtual Machine (EVM) and is capable of running even if the Binance Chain goes offline or encounters issues.
Binance Smart Chain utilizes a unique consensus algorithm known as a proof-of-staked authority (POSA) to secure the blockchain. This is essentially a hybrid consensus mechanism that combines aspects of both proof-of-stake (POS) and proof-of-authority (POA). It is built around a network of 21 validators who are responsible for executing tasks on the BNB Chain and reaching consensus about recently processed transactions.
On top of that, Wombat Exchange’s smart contracts have been audited by Hacken, Zokyo, and Peckshield in 2022. No critical vulnerabilities were found.
What Makes Wombat Exchange Unique?
Wombat’s algorithm allows the possibility of achieving a 100% capital utilization ratio with non-existent impermanent loss, where users can maximize capital utilization and enjoy better yields. Its single-token LP tokens will also serve as a foundation for everyone to build upon and activate the DeFi ecosystem.
Where Can I Buy Wombat Exchange (WOM)?
WOM is available for trading on the following exchanges: PancakeSwap
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