Wombat Exchange

Get ready to witness a groundbreaking moment in the world of DeFi! Wombat Exchange is proud to announce its latest expansion into multichain territory, starting with the leading Ethereum Layer-2 network — Arbitrum One, launching on April 5th, 2023 6AM UTCWe’re bringing our hyper-efficient stableswap experience to all Arbinauts, enabling users to swap stablecoins with minimum slippage and provide single-sided liquidity. In addition to this, we are bringing the entire Wombat ecosystem, including Convex forks namely Wombex, Magpie, and Quoll, to Arbitrum, further expanding our reach and providing even more opportunities for our users.This move is set to revolutionize the DeFi space and take it by storm. It’s an exciting time for us and our community, and we can’t wait to see what the future holds.<h2 id="header-0">Taking innovation beyond BNB</h2>Wombat was established on the BNB Chain, and we attribute much of our success to the support we received from Binance Labs and their incubation program. As we grow and expand, BNB Chain will continue to be our primary focus, and we will remain dedicated to the community that embraced us from the beginning.With our sights set on the horizon of DeFi innovation, Wombat is taking the next bold step towards expanding our reach and driving adoption. By deploying to Arbitrum One, we aim to bring the hyper-efficient multichain stableswap experience to both the Arbitrum and BNB Chain communities, creating a mutually beneficial environment for the entire DeFi ecosystem.<h2 id="header-1">Why Arbitrum?</h2>Arbitrum blockchain is a trailblazer when it comes to lowering on-chain transaction costs and boosting scalability through the use of rollups. We are impressed with their pioneering spirit and dedication to building a strong DeFi community, which aligns perfectly with our own objectives.At Wombat, we are dedicated to building a robust DeFi community and contributing to the evolving ecosystem by offering a hyper-efficient stableswap solution for Arbitrum. The splendid statistics of Arbitrum show that it is gaining popularity, with a 66% market share on Ethereum and a TVL of 6b, making it the 4th largest chain in crypto by TVL. We are confident that Wombat Exchange’s arrival on Arbitrum will bring innovation to the vibrant ecosystem, providing an exceptional stableswap experience and laying a solid foundation for all Arbinauts to benefit from.<h2 id="header-2">What Makes Wombat Stand Out in the DeFi Space?</h2>Wombat Exchange revolutionizes the industry with the adoption of the coverage ratio concept, allowing for minimal slippage when swapping various stablecoins and single-sided liquidity provision. Thanks to an all-in-one closed-form quadratic solution, we’re able to calculate quickly and efficiently, saving users both gas fees and calculation time.By combining the traditional invariant function’s symmetry and reactiveness with the ALM model’s efficiency and flexibility, our liquidity pools reach equilibrium sooner and remain balanced for longer than any other stableswap, enabling us to maximize capital efficiency and reduce slippage with ease.<img src="https://miro.medium.com/v2/resize:fit:700/0*D_sJe1eftKcXlpvW" />With the backing of numerous top-notch investors including Animoca Brands, Shima Capital, Jump Crypto, and Binance Labs, we have achieved remarkable success on the BNB Chain. Despite having only ~40M TVL, we recently ranked 4th in total trading volume in the entire crypto space, proving the advantages and benefits of our features on the BNB Chain.<h2 id="header-3">Wombat’s Launch on Arbitrum</h2>Wombat is thrilled to kickstart our launch on Arbitrum on 5th April 2023! Mark your calendars for these important dates:5th Apr, 6AM UTC: Wombat Exchange goes live on Arbitrum5th Apr, 6AM UTC: Arbitrum’s main pool listing (USDT, USDC, and DAI)And more to come!We’re delighted to bring the WOM locking and voting gauge to Arbitrum and make it accessible to everyone. It’s designed to be similar to its BNB equivalent, and we’ll provide you with an easy-to-follow guide on how to use Wombat Exchange soon!<h2 id="header-4">Moving forward</h2>Wombat’s deployment on Arbitrum represents an exciting step forward in the world of DeFi. We at Wombat Exchange are enthusiastic in joining the ecosystem and establishing ourselves as the leading multichain stableswap. We are committed to delivering an unparalleled stableswap experience that will make Wombat Exchange your preferred DeFi platform.Stay tuned for more updates as we continue to push the boundaries of what’s possible in the DeFi space!<h3 id="about-wombat-exchange">About Wombat Exchange</h3>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.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:<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>

Wombat Exchange is Coming to Arbitrum!

목차

WombatExchange

2023년 4월 13일에 게재된 다른 기사

Tron’s TRX Down 6% as Binance.US Delists Token

What does the new copyright law mean for Nigerian content creators?

Golem Network and Reality NFT Ecosystem Set to Grow with GLM/RLTM Liquidity Pool Launch

This is Why Bitcoin Price Potentially Tests $32,500

Bitcoin Halving: What It Is and What It Means for the Crypto Market

London Stock Exchange Group to Offer BTC Futures and Options Trading

무료 뉴스레터에 가입하여 매일 최신 암호화폐 소식을 받아보세요!