Wombex Finance

The distribution of 300,000 WMX starts 04 Apr 2023, 10:02 UTCDear Wombex Warriors!Recently, we announced our launch on Arbitrum as part of our multi-chain expansion. Just as for our BNB community, we plan to bring supercharged yields to LPs, WOM and WMX holders of the Arbitrum chain as well.Wombex is the #1 yield aggregator<a href="https://www.defiwars.xyz/wars/wombat" rel="noopener noreferrer nofollow">[1]</a>,<a href="https://dune.com/wombex_finance/wombex-wom-flows" rel="noopener noreferrer nofollow">[2]</a> in the Wombat ecosystem by all essential metrics (such as TVL, number of users, APRs, bribe rewards) and a leader in #WOMWars, owning more than 37% of existing veWOM.As a part of our Arbitrum deployment, we are launching an Arbitrum Bootstrap event to accumulate the maximum amount of veWOM possible. Accumulated veWOM would allow Wombex to offer best APRs for LPs and rewards for wmxWOM/vlWMX stakers from day one.Buy WOM on Arbitrum and be prepared to enjoy the best yields with WombexOr, as an alternative, you can transfer your WOM from BNB Chain to Arbitrum via the bridge — use an instruction for that.<h3 id="wombex-arbitrum-bootstrap-event-details">Wombex Arbitrum Bootstrap event details:</h3><ul><li>No WOM cap</li><li>300,000 WMX rewards granted to all WOM providers on the block-by-block basis</li><li>Event timeline 04 Apr 2023, 10:02 UTC — 07 Apr 2023, 10:02 UTC</li><li>30% penalty for no-lockers</li></ul><h3 id="how-to-particpate-in-the-arbitrum-bootstrap-event">How to particpate in the Arbitrum Bootstrap Event?</h3>First, you must bridge your WOM from the BNB chain via Wormhole bridge. You can use an <a href="https://medium.com/wombat-exchange/how-to-use-wombat-exchange-on-arbitrum-ca5600d70eb0" rel="noopener noreferrer nofollow">instruction</a> provided by the Wombat team.When your WOM is transferred to Arbitrum, you need to deposit your WOM to the Wombex Bootstrap Event. It requires the following steps<ol><li>Buy WOM using Uniswap on the Arbitrum chain (or <a href="https://medium.com/wombat-exchange/how-to-use-wombat-exchange-on-arbitrum-ca5600d70eb0" rel="noopener noreferrer nofollow">transfer</a> it)</li></ol>Access <a href="https://app.uniswap.org/#/swap" rel="noopener noreferrer nofollow">Uniswap</a><img src="https://academy-public.coinmarketcap.com/optimized-uploads/4b7d67ff0be348c1b3aeff5f8e1b6c77.png" />Select the Arbitrum chain in the dropout menu left to your addressPress the ‘Select Token’:<img src="https://academy-public.coinmarketcap.com/optimized-uploads/5e1d79094926439db7629ae88dd3fb35.png" />Copy the address of the WOM token contract: 0x7B5EB3940021Ec0e8e463D5dBB4B7B09a89DDF96<img src="https://academy-public.coinmarketcap.com/optimized-uploads/ddfbe4055368413db04fafc15c4ad5c0.png" />Select the ‘Wombat Token’:<img src="https://academy-public.coinmarketcap.com/optimized-uploads/e9283edc0b4349d997dba364e1a4925b.png" />Now you can buy WOM using USDT.2. When you bought WOM (or transferred it) you need to access the ‘Bootstrap’ section on the top of the website or use the direct Bootstrap Link (will be published prior to the event)3. Approve your WOM and after that push the “Select Convert &amp; Stake” button4. Track your WMX earned on the Bootstrap Link (will be published prior to the event)The WOM provided by contributors will be automatically converted to Wombex-owned veWOM (and wmxWOM, as a final result of the deposit).The minted wmxWOM will be automatically staked into the Bootstrap event contract. Being staked into the contract, wmxWOM receives WMX rewards on the block-by-block basis proportionally to share of your stake among other WOM contributors.After the end of the Bootstrap Event you can unstake your wmxWOM and use it in the following yield options:1. Provide liquidity to the wmxWOM/WOM pair on Wombat via Wombex UI/UX and earn boosted WOM rewards and WMX rewards issued pro-rata on top of that. Note, that WOM rewards will be available only from the second week of Wombat operation on Arbitrum since the first week will be dedicated to the first epoch of bribes.2. Stake your wmxWOM to the Wombex wmxWOM staking option to earn 5% of overall mined WOM by Wombex LPs &#43; WMX issued pro-rata on top of that.<h3 id="follow-wombex-socials">Follow Wombex Socials</h3><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 announces Arbitrum Bootstrap event

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Wombex Finance

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