Wombat Exchange

<p>Another day, another exciting update! Further maximize your earning potential with Wombat Exchange as we integrate three new yield-boosting protocols. WOM Holders and Stablecoin LPs will get to explore more DeFi opportunities and see better yields upon welcoming Wombex, Magpie, and Quoll. Without further ado, let’s dive into the mechanism and understand the differences between these protocols and how users can take advantage of the rise of WOM Wars.</p><p></p><img src="https://academy-public.coinmarketcap.com/srd-optimized-uploads/262241dd35b44d83992e3e4f0463f1f8.jpeg" /><h2 id="header-0">How can you benefit from the WOM Wars?</h2><p>These protocols allow better flexibility in stablecoins and WOM tokens’ utilization, mainly benefiting WOM holders and Stablecoin LPs.</p><h3 id="stablecoin-lp">Stablecoin LP</h3><p>Best for stablecoin holders who hesitate to lock their WOM for the boosted APR due to price volatility. You can stake your stablecoin LP on these protocols, and the protocol will then use the WOM collected and convert them to veWOM to get a boosted yield that applies to all liquidity providers. On top of that, you can also earn their governance tokens as rewards</p><h3 id="wom-holders">WOM holders</h3><p>Locking your WOM on Wombat alone won’t reap you any rewards unless you’re also a liquidity provider at the same time. It’s not the case anymore! You can now stake WOM on these protocols and convert them into the protocol’s liquid form of veWOM. By staking your liquid form of veWOM, you’ll be able to get a share of the protocol’s WOM earnings and their governance tokens as rewards.</p><p>Some of them offer a vote-lock mechanism where you can lock your liquidated veWOM token to gain voting power (Control emission, fee-sharing &amp; other parameters).</p><h3 id="comparison-between-quoll-wombex-magpie">Comparison between Quoll, Wombex &amp; Magpie</h3><h3 id=""></h3><img src="https://academy-public.coinmarketcap.com/srd-optimized-uploads/a75ed3513d884971bf8e4c38d186f848.jpeg" /><p>The integration of these 3 protocols gives way to a whole new world of possibilities within Wombat Exchange. See what sets them apart from each other below:</p><h3 id="quoll">Quoll</h3><img src="https://academy-public.coinmarketcap.com/srd-optimized-uploads/69aa4f0b08bc42a7bea61b40cb13b389.jpeg" /><p><a href="https://quoll.finance/" rel="noopener noreferrer nofollow">Quoll Finance</a> is a multichain yield booster that maximizes the efficiency of the Wombat ecosystem, bringing benefits to all the participants. By facilitating users on different blockchains to deposit to Wombat with just one click, Quoll provides a seamless and efficient multichain experience.</p><p>Quoll will invest in new projects and find a fixed yield source to grow their treasury and to add more value on the QUO token. An investment DAO to manage their treasury is what lies ahead, spearheaded by their core members of early supporters and advisors. The team consists of DeFi OGs, experienced web2 and web3 developers coming from leading companies like Facebook, Microsoft, and World Bank.</p><h3 id="wombex">Wombex</h3><h3 id=""></h3><img src="https://academy-public.coinmarketcap.com/srd-optimized-uploads/38d38665d0ca440391e32a8fc00b7ef3.png" /><p><a href="https://wombex.finance/" rel="noopener noreferrer nofollow">Wombex Finance</a> is a BNB chain native protocol for boosting LP yield and concentrating governance power across Wombat. It is both a yield aggregation and veToken accumulation platform built on top of Wombat. The team behind Wombex consists of 8 cutting-edge professionals, who contributed to numerous DeFi projects on Ethereum and other chains.</p><p>Wombex is a Convex fork with a lot of additional development, new tech features, and customization for Wombat’s architecture. With dynamic token emission, it adds a new level of flexibility for token issuing vs project performance, ZAP solution to easy liquidity deposit/withdrawal, governance customization, and the likes.</p><p>Just one platform to boost it all. Wombex combines the power of liquidity providers and WOM token holders, supercharging each other and accelerating long-term Wombat growth.</p><h3 id="magpie">Magpie</h3><h3 id=""></h3><img src="https://academy-public.coinmarketcap.com/srd-optimized-uploads/bec85b82d7274fa18ee3b167f5d4d69f.jpeg" /><p><a href="https://www.magpiexyz.io/" rel="noopener noreferrer nofollow">Magpie XYZ</a> is a decentralized protocol that symbiotically works with Wombat Exchange to support the long-term development of the platform and deliver excellent yields for WOM holders and liquidity providers.</p><p>It helps WOM holders earn passive income from their idle tokens. LPs can generate boosted yield without the need to hold veWOM. Voters can acquire Wombat Exchange voting power in a cost-effective way.</p><p>Apart from providing standard Convex functionalities, Magpie XYZ also plans to build a governance token bribe system to maximize the monetization of veWOM voting power and offer veTokenomics as a service to help the whole BNB Chain ecosystem to benefit from battle-tested tokenomics model. The team behind Magpie is formerly from Google, Dropbox, and Helium network.</p><h2 id="header-1">Up next</h2><p>We’re working hard to build the gauge voting system. In the meantime, the protocols mentioned above will try to get the most liquidity and WOM locked with tons of incentives so behold.</p><p>Once the gauge voting system is deployed, token bribes will be up and running. Stablecoin protocols will fight to get the most votes to their pool to get a bigger portion of the token emission, which means better APR, and enhanced liquidity.</p><p>Holding veWOM will not only get you bribes. As the above-mentioned protocols are incubated by Wombat, a part of their tokens will be injected into our treasury and be airdropped to veWOM holders in the near future.</p><p>Are you ready to explore these new options? Expect more from us in the future!</p><h2 id="header-2">About Wombat Exchange</h2><p>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.</p><p>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:</p><p><a href="https://wombat.exchange/" rel="noopener noreferrer nofollow">Website</a> |<a href="https://t.me/WombatExchange" rel="noopener noreferrer nofollow"> Telegram</a> |<a href="https://twitter.com/WombatExchange" rel="noopener noreferrer nofollow"> Twitter</a> |<a href="https://discord.gg/wombat" rel="noopener noreferrer nofollow"> Discord</a></p>

The Rise of WOM Wars

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WombatExchange

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