Magpie

After the successful introduction of the “Cross-chain Pool” by Wombat Exchange, we’re excited to announce its integration with Magpie. This not only broadens our reach but also provides liquidity providers with an enriched platform where they can deposit their assets. As we persist in expanding our boundaries, our dedication stands firm: to provide our users with the finest financial opportunities.Understanding the Wombat Cross-chain PoolBut first, what exactly is this Cross-chain Pool that’s creating a buzz?Wombat’s Cross-chain Pool is at the forefront of fintech innovations, devised to simplify the trading of stablecoins across various blockchains. Traditionally, swapping stablecoins like USDT and USDC across multiple blockchains could be a cumbersome process, often requiring users to jump through various platforms and interfaces. However, with Wombat’s Corss-chain Pool, users can effortlessly conduct their trades from a unified hub. Liquidity providers can deposit USDT or USDC on the Cross-chain through any of the supported networks to earn WOM rewards.A standout feature of this innovative pool is its utilization of a coverage ratio. This ensures a consistent and balanced amount of assets, making it a lucrative option for those looking to get optimal swap rates. This feature particularly shines when trading smaller sums, optimizing the funds within the pool to ensure users always get the best deal.Boost your income on Magpie<img src="https://miro.medium.com/v2/resize:fit:1400/0*xwLnIeXwUZWiK4EK" />Holders of USDT and USDC who have their assets on both Arbitrum and BNB Chain have the opportunity to become liquidity providers in Magpie’s Cross-chain pool. By participating, they have a chance to earn WOM and MGP rewards. Additionally, by taking advantage of the veWOM accumulated by Magpie, depositors can increase their earnings automatically. This not only incentivizes participation but also enhances the overall liquidity of the pool, benefiting the Wombat Exchange simultaneously.This deployment marks a significant milestone in fintech, offering a more streamlined approach to cross-chain trading and bolstered liquidity. Our integration promises users better trade rates, higher potential earnings, and a fluid trading process. The primary mission is to continuously provide superior opportunities to our users.About Magpie XYZ: Magpie XYZ is a multi-chain platform built to boost yields for liquidity providers and governance token holders of veTokenomics protocols. Essentially the platform incentivizes governance token holders and liquidity providers to pool their assets together so that the platform can acquire governance tokens, convert them into veTokens, boost yield for liquidity providers, and in return share part of the protocol revenues derived from liquidity providers’ boosted profits back to governance token holders.<a href="https://www.magpiexyz.io/" rel="noopener noreferrer nofollow">Website</a> / <a href="https://twitter.com/magpiexyz_io" rel="noopener noreferrer nofollow">Twitter</a> / <a href="https://discord.com/invite/magpiexyz" rel="noopener noreferrer nofollow">Discord</a> / <a href="https://t.me/magpiexyz_io" rel="noopener noreferrer nofollow">Telegram</a> / <a href="https://docs.magpiexyz.io/" rel="noopener noreferrer nofollow">Gitbook</a> / <a href="https://link3.to/magpiexyz" rel="noopener noreferrer nofollow">Link3</a> / <a href="https://github.com/peckshield/publications/blob/master/audit_reports/PeckShield-Audit-Report-Magpie-v1.0.pdf" rel="noopener noreferrer nofollow">Peckshield Audit</a> / <a href="https://github.com/zokyo-security/audit-reports/blob/main/Magpie_Zokyo%20audit%20report.pdf" rel="noopener noreferrer nofollow">Zokyo Audit</a>

Wombat Exchange’s Cross-Chain Pool Debuts on Magpie

Magpie XYZ

2023년 9월 23일에 게재된 다른 기사

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