Wombex Finance

<blockquote>How to stake wmxWOM in most efficient way?</blockquote>The Wombex Bootstrap event comes to an end. During the last 14 days, the protocol collected 6.53M WOM from users and received 5M WOM from Wombat as a part of the WMX&lt;-&gt;WOM token swap.<blockquote>The total amount of WOM locked in Wombex is 11.53M now, or 45.5% of the total veWOM locked.</blockquote>What are the next steps for the community? Where can you stake your wmxWOM to farm a good yield?Here is the guide to continue using your $wmxWom with the most efficient way to boost your holdings.First of all, you need to unstake your wmxWOM from the Boostrap event. To do it, please select the “unstake” bar, press “Max”, and press the button “withdraw wmxWOM”:<img src="https://miro.medium.com/max/1400/0*5xGgfFM0KNs0x0jk" />After you unstaked your wmxWOM, you have two main options where you can stake it to receive rewards.Option 1: wmxWOM stakingThis option is available when you click <a href="https://wombex.finance/#/bnb/stake" rel="noopener noreferrer nofollow">“Stake”</a> in the top menu. You need to enable advanced mode to stake your wmxWOM:<img src="https://miro.medium.com/max/1400/0*UuWSWZEob1EB0HFb" />After the advanced menu opens, you need to stake your wmxWOM (Approve &#43; Stake). After that, your wmxWOM is successfully staked.APR in this option comes from protocol fees (5% of overall WOM mined is distributed to wmxWOM stakers &#43; additional pools’ reward tokens) &#43; WMX pro-rata emission (as in the case of liquidity providers in stablecoin/BNB pools, WMX is minted for every WOM mined).The advantage of this option is that you will receive WOM, WMX, and a lot of other tokens.Option 2: supply liquidity to wmxWOM/WOM pool on WombatAnother option is to provide liquidity to wmxWOM secondary market. This option offers only WMX (&#43;trading fees) as rewards. However, it can be not as crowded as general wmxWOM staking and have more attractive APY.To supply liquidity, you need to go to <a href="https://app.wombat.exchange/pool" rel="noopener noreferrer nofollow">Wombat “Pool”</a> page, and select wmxWOM there:<img src="https://miro.medium.com/max/1400/0*paPCEHl61sHWRjYd" />All you need is to supply your wmxWOM there and enjoy WMX rewards.What next for stablecoin/BNB liquidity providers and vlWMX stakers?Stablecoin/BNB liquidity providers don’t need to do anything special during the end of the Bootstrap event.For vlWMX stakers, nothing changes besides increased liquidity on the wmxWOM/WOM pair.Follow Wombex socials:Twitter: <a href="https://twitter.com/WombexFinance" rel="noopener noreferrer nofollow">https://twitter.com/WombexFinance</a>Discord: <a href="https://discord.gg/wombex" rel="noopener noreferrer nofollow">https://discord.gg/wombex</a>Telegram: <a href="https://t.me/wombex" rel="noopener noreferrer nofollow">https://t.me/wombex</a>

The WOM Wars Bootstrap Event has been succeeded! What’s next?

Wombex Finance

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