Wombex Finance

With huge APRs on USDT, USDC, and DAI pools Dear Wombex Warriors!Today has officially started its expansion into the multi-chain dimension. As of today, Wombex is 100% operational on the Arbitrum chain.<blockquote>Wombex is deployed on Arbitrum and supports all Wombat pools from day one</blockquote>Just like our BNB OGs, Arbinauts can now earn supercharged yields by participating in Wombex’s veWOM accumulation, LPs income boosting, and bribes.In the first hours after launch, Wombex leads #WOMWars race on Arbitrum owning incredible 79% share of all veWOM locked and $3.45m TVL:<img src="https://miro.medium.com/v2/resize:fit:1400/0*5Jb007fbVB-dKDJN" />Are you ready for crazy APRs for stablecoins and bribes that are coming soon? Let’s explore it together!So, 79% of veWOM is owned by Wombex. How could that happen?Yesterday Wombex launched an Arbitrum Bootstrap Event that got a spectacular success during the first 24 hrs:<img src="https://miro.medium.com/v2/resize:fit:1400/0*hAAmMoz5Xv3A3crJ" /><a href="https://dune.com/wombex_finance/wombex-bootstrap-arbitrum-0x6497d94bcd3c83e936e55244b3e53be74d313741" rel="noopener noreferrer nofollow">https://dune.com/wombex_finance/wombex-bootstrap-arbitrum-0x6497d94bcd3c83e936e55244b3e53be74d313741</a>So, 65 addresses provided ~1.33m WOM. The WOM provision is well-diversified, and the biggest staker provided only 113k WOM.Since Wombex natively collected WOM on the Arbitrum chain, all collected WOM were directly staked into veWOM and defined Wombex leadership in crucial launch time:<img src="https://miro.medium.com/v2/resize:fit:1400/0*fs6DOgtPyBabqxMr" /><a href="https://dune.com/queries/2332195" rel="noopener noreferrer nofollow">https://dune.com/queries/2332195</a>Other yield aggregators still have no veWOM on Arbitrum and are far behind in the #WOMWARs.This outstanding share of veWOM ensures huge APRS since the significant share of all WOM issued for LPs goes directly to Wombex LPs.Another interesting fact is that vlWMX token holders now dominate the Wombat Gauge voting and will collect the majority of bribes allocated when the Wombex bribe market is launched. We expect to launch it quite soon.USDC, USDT, DAI APRsSince Wombex owns the majority of veWOM on Arbitrum a lot of WOM issued on Arbitrum is mined by Wombex LPs according to the <a href="https://medium.com/wombat-exchange/wombat-liquidity-mining-optimize-rewards-in-the-boosting-pool-59f8024d3eb3" rel="noopener noreferrer nofollow">Wombat Boost Formula</a>.It ensures outstanding APRs for Wombex LPs:<img src="https://miro.medium.com/v2/resize:fit:1400/0*_XgL-CgPO7xTTNX_" />Note, that the right APR value (12.07% / 116.44%) — is the APR that is expected to be received by LPs in the future over 7 days.So, what can users do right now to enjoy all these rewards?Here is the list of possible users actions:<ol><li>The easiest way to get rewards is to provide liquidity to the USDC, USDT, or DAI pool. Just provide liquidity and receive WOM&#43;WMX rewards</li><li>Stake wmxWOM into wmxWOM staking option after the Bootstrap event ends. Now it offers quite big APR taking into account a lot of WOM mined vs tiny amount of wmxWOM staked.</li><li>Transfer your WMX from BNB Chain to Arbitrum, lock it into vlWMX and enjoy collecting a significant share of all bribes provided to Wombat! Taking into account a little number of locked WMX on Arbitrum, the wmxWOM rewards (10% of all WOM mined by Wombex LPs) is also substantial.</li></ol>An instruction devoted to WMX transfer to Arbitrum in published in our docs with screenshots: <a href="https://docs.wombex.finance/user-guides/how-to-bridge-wmx-to-arbitrum" rel="noopener noreferrer nofollow">https://docs.wombex.finance/user-guides/how-to-bridge-wmx-to-arbitrum</a>An instruction here:<ol><li>Go to <a href="https://www.portalbridge.com/" rel="noopener noreferrer nofollow">https://www.portalbridge.com/</a>.</li><li>Select the source and target chains, BNB and Arbitrum One, respectively.</li><li>Connect your wallet.</li><li>Select the token you wish to bridge and specify the required amount.</li><li>Select the method you wish to pay for gas fees.</li><li>Approve and transfer your tokens.</li><li>Wait for blockchain confirmations.</li><li>Redeem your tokens on the Arbitrum chain.</li></ol>Wombex bribe market on ArbitrumMake your vlWMX work for youBy participating in the bribe market, you can receive rewards by voting in the Wombex bribe market for Wombat pools. This will allow you to earn solid APRs. All you need is to transfer WMX to Arbitrum (see the <a href="https://docs.wombex.finance/user-guides/how-to-bridge-wmx-to-arbitrum" rel="noopener noreferrer nofollow">instruction</a>) and lock it. We expect to launch Wombex bribe market as soon as possible and will notify WMX community in all social channels.WMX/USDT trading on Camelot DEXThere is an alternative option to enjoy high bribe and wmxWOM yields by purchasing WMX tokens on Arbitrum using <a href="https://app.camelot.exchange/" rel="noopener noreferrer nofollow">Camelot DEX</a>.WMX Arbitrum address: 0x5190F06EaceFA2C552dc6BD5e763b81C73293293WMX/USDT contract address: 0xe0e2697898855e580da7e14f2fb0aaf190a47d69768dd30fb160e0c90c5f9861Dashboards and analyticsWe prepared several dashboards for WMX community to track everything happening on-chain in Wombex (we will continuously update this list):<ol><li>Arbitrum Bootstrap Event: <a href="https://dune.com/wombex_finance/wombex-bootstrap-arbitrum-0x6497d94bcd3c83e936e55244b3e53be74d313741" rel="noopener noreferrer nofollow">https://dune.com/wombex_finance/wombex-bootstrap-arbitrum-0x6497d94bcd3c83e936e55244b3e53be74d313741</a></li></ol>Follow Wombex Socials<a href="https://twitter.com/WombexFinance" rel="noopener noreferrer nofollow">Twitter</a> | <a href="https://discord.gg/wombex" rel="noopener noreferrer nofollow">Discord</a> | <a href="https://t.me/wombex" rel="noopener noreferrer nofollow">Telegram</a> | <a href="https://coinmarketcap.com/community/profile/WombexFinance" rel="noopener noreferrer nofollow">CMC Community</a> | <a href="https://medium.com/wombex" rel="noopener noreferrer nofollow">Medium</a>

Wombex is live on Arbitrum

Wombex Finance

5 अप्रैल 2023 को प्रकाशित अन्य लेख

New HAI Tokenomics: Uniting Hacken Products Success with Community Involvement

Ethereum hits an 8-month high as it nears $2,000

Make sure to check Safe and Valuable Investments with DFund AI!

SEC Pushes Anti-Crypto Agenda Under Guise of ‘Investor Education Resources’

Lido DAO Witnessed a Mighty Whale By Binance Ahead of Shanghai Upgrade

Another DeFi attack! DeFi lending platform Sentiment lost over $1 million in attack

रोजाना क्रिप्टो अपडेट पाने के लिए हमारे मुफ्त न्यूजलेटर से जुड़ें!