Wombex Finance

<h3 id="em-it-s-time-to-boost-wombex-vewom-in-2023-br-br-em-strong-introduction-strong"><em>It’s time to boost Wombex veWOM in 2023!<br /><br /></em><strong>Introduction</strong></h3><p>An essential part of Wombex’s Q1 2023 growth strategy is increasing protocol-owned veWOM holdings for multiplying the protocol’s governance power and APR boost.</p><p>Our research demonstrated that special events directly focused on WOM acquisition are much more efficient than routine WOM acquisition via the wmxWOM staking.</p><p>According to it, we developed an idea of the Continuous Bootstrap Event approach that will help Wombex to attract more WOM over time through a sequence of WOM-acquisition events with carefully designed logic and rewards distribution.</p><h3 id="strong-the-details-of-the-bootstrap-events-strategy-strong"><strong>The details of the Bootstrap Events strategy</strong></h3><p>The plan for Bootstrap Events in 2023:</p><ul><li>The goal of the Continuous Boostrap Event is to accumulate veWOM position over time, rewarding the community, and building long-term relationship between users, Wombex, and Wombat ecosystem</li><li>Bootstrap events will be launched periodically as a part of Wombex long-term strategy</li><li>It’s initially planned to run bi-weekly with an option to modify it in the future according to protocol needs and WOM unlock roadmap in Wombat</li><li>Each Bootstrap Event will have its own amount of WMX rewards allocated, and other incentives and prizes for the participating users</li><li>WMX rewards will be subject to a penalty for no-lockers. All WMX, collected as a penalty will be used in the next bootstrap event, increasing future rewards amount</li></ul><h3 id="strong-the-very-first-wombex-bootstrap-event-in-2023-strong"><strong>The very first Wombex Bootstrap Event in 2023</strong></h3><p>For the first Bootstrap Event we propose the following metrics:</p><blockquote>- 2 weeks duration- 400k WMX rewards- 50% penalty for no-lockers- No min or max WOM cap, everything will be market-driven</blockquote><p>The 400k WMX rewards will be taken from the Liquidity Mining token allocation.</p><p>The value proposition for WOM holders:</p><ul><li>Make WOM a productive asset (~60% APR in wmxWOM staking or wmxWOM/WOM pair on Wombat)</li><li>Earn juicy APR in WMX on top of that</li><li>Accumulate WMX &amp; increase vote-lock position straight before bribes are launched</li></ul><p>Estimated results for Wombex, protocol LPs, and vlWMX holders:</p><ul><li>Increasing Wombex veWOM holdings &amp; protocol governance power increasing future bribing efficiency</li><li>Increasing Wombex share of overall locked veWOM</li><li>Increasing average APR for LPs based on increased WOM Boost and increased WMX pro-rata emission</li></ul><h3 id="strong-note-on-the-wmxwom-peg-protection-strong"><strong>Note on the wmxWOM peg protection</strong></h3><p>One of the essential metrics for participating in Bootstrap Events is peg protection for wmxWOM, assuring possible exit to WOM for wmxWOM holders with relatively low slippage.</p><p>In order to improve wmxWOM peg Wombex already implemented two tech features:</p><ul><li>Peg protection mechanism using a share of WOM protocol fees for wmxWOM buybacks:</li></ul><p><img src="https://miro.medium.com/max/1400/0*kWlrrvccbmnqnwCG" /></p><p>Cumulative amount of wmxWOM bought. <a href="https://dune.com/queries/1860357" rel="noopener noreferrer nofollow">https://dune.com/queries/186035</a></p><ul><li>An option to buy wmxWOM on the pair instead of staking it to veWOM directly. Using this approach wmxWOM peg already improved from 0.85 to ~0.90</li></ul><h3 id="strong-when-will-the-first-in-2023-bootstrap-event-take-place-strong"><strong>When will the first in 2023 Bootstrap Event take place?</strong></h3><p>Stay tuned in Wombex Socials! The date will be announced soon.</p><h3 id="strong-follow-wombex-socials-strong"><strong>Follow Wombex Socials</strong></h3><p><strong><br /></strong><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></p>

Wombex Bootstrap events in 2023

Table of Contents

Wombex Finance

Egyéb ezen a dátumon (2023. jan. 17.) megosztott cikkek

Product Update & Milestones

Gemini and Genesis Charged By SEC For Unregistered Securities

Sustainability is Key

We all need water so, we want to save water with KSN Token

What is Play to Earn (P2E)?

Thank FUD if You Bought BNB at $221 Last Month: Says Binance CEO

Join our free newsletter for daily crypto updates!