Wombex Finance

Some tricks to become sophisticated Wombex userDisclaimer: information presented in this article is not an investment advice of any kind.<h3 id="strong-introduction-strong">Introduction</h3>Wombex offers boosted yield on Wombat DEX powered by aggregated veWOM position owned by Wombex. The services of Wombex include:<ol><li>Boosted yield generation on Wombat with boosted on stablecoins/staked BNB</li><li>Liquid staking &amp; earn service for WOM holders</li><li>Governance service that allows owning voting power in Wombat governance using vlWMX (vote-locked Wombex tokens).</li><li>Bribe market (coming soon) — a tool for monetizing voting power, accumulated by Wombex and represented by vlWMX staked positions</li></ol>This article is devoted to provide a guide on how to increase efficiency of using every service mentioned above.<h3 id="strong-stablecoin-bnb-yield-generation-strong">Stablecoin/BNB yield generation</h3>You can find this service at the <a href="https://wombex.finance/#/bnb/stake" rel="noopener noreferrer nofollow">Stake</a> page:<img src="https://miro.medium.com/max/1400/0*lLyISqNdjK8OJ-I6" />Wombex stablecoin APRThe first trick is distinguishing the two APRs presented on this page. The first is the “instant” APR that you receive for being in the pool for a short time, while the second is the average APR that you will receive for being in the pool for seven days.Usually, the 7 days APR is bigger than the instant one since rewards are distributed using a <a href="https://medium.com/&#64;wombexfinance/understanding-vapr-generation-and-distribution-in-wombex-a06d167670d6" rel="noopener noreferrer nofollow">special algorithm</a> for that.<blockquote>So, the first trick for farming yield on Wombex is to stay in the pool for a long timeThe second one is — stay in the pool if others left. In this case undistributed WOM and WMX tokens will be distributed to remaining LPs, multiplying their yields.</blockquote>Inside the “Claim” section there are also some tricks that you should know:<ol><li>You can instantly claim/lock the desired amount of WOM and WMX by moving the percentage bar presented below.</li><li>You can select NONE and claim all WOM to your wallet</li><li>You can uncheck “Lock WMX” checkbox to claim all WMX to your wallet</li></ol><img src="https://miro.medium.com/max/1400/0*K0XteWM6o0wlY5QG" />So, you can flexibly manage the amount of WOM and WMX you plan to stake in the protocol as a long-term strategy and the amount you plan to sell to extract the yield.Staking in wmxWOM offers you yield in WOM on top of your wmxWOM. Right now, it is around 75% APR.<h3 id="strong-two-ways-to-obtain-wmxwom-strong">Two ways to obtain wmxWOM</h3>You can receive wmxWOM using different options. The most evident one is to take WOM that you mined or bought and stake it into Wombex, and stake wmxWOM after that.<blockquote>In this case you receive only 1 wmxWOM per 1 WOM provided. But, you can get much more!</blockquote>There is one trick allowing getting more wmxWOM from WOM you own.You can use <a href="https://app.wombat.exchange/swap?from&#61;WOM&amp;to&#61;wmxWOM" rel="noopener noreferrer nofollow">Wombat DEX</a> and swap WOM to wmxWOM there, and while pair is imbalance you will receive more wmxWOM than 1:1 exchange rate:<img src="https://miro.medium.com/max/1400/0*cL74tAk9nDzGC2Po" />It means that from 1 WOM you can make 1.178 wmxWOM and receive an additional 17.8% (rate can vary at the moment of reading this article).<h3 id="strong-earn-more-from-wmxwom-staking-strong">Earn more from wmxWOM staking</h3>When you stake wmxWOM, you receive rewards in WOM and WMX. To multiply your rewards, you can exchange WOM to wmxWOM via <a href="https://app.wombat.exchange/swap?from&#61;WOM&amp;to&#61;wmxWOM" rel="noopener noreferrer nofollow">Wombat DEX</a> (see a trick above), get more wmxWOM, stake it and get more interest over time.<blockquote>Also, you can vote-lock WMX and receive wmxWOM rewards, around 50% now.</blockquote>Multiple re-staking can significantly increase your interest in the long run.What value can you derive from vlWMX?Vote-locked WMX is well-known for providing a share of protocol fee for users: 10% of mined WOM is distributed to wmxWOM stakers.However, vlWMX also has another utility: governance power in Wombat. Each vlWMX owns 4.21 veWOM voting power now:<img src="https://miro.medium.com/max/1400/0*ZwJQvlYBUqkirPG3" />When the bribe market will be launched, there will be an opportunity to sell this voting power via bribes.<h3 id="strong-data-stats-strong">Data &amp; stats</h3>You also can derive much more value from Wombex if you track the on-chain data. We provide following dashboards to the community:<ol><li>WOM Wars dashboard for comparing Wombex, Magpie, and Quoll metrics<a href="https://dune.com/wombex_finance/wombex-wom-flows" rel="noopener noreferrer nofollow">https://dune.com/wombex_finance/wombex-wom-flows</a></li><li>Wombex Pools: track APR/TVL/addresses leaderboard and TVL distribution:<a href="https://dune.com/wombex_finance/wombex-pools" rel="noopener noreferrer nofollow">https://dune.com/wombex_finance/wombex-pools</a></li><li>WMX/vlWMX dashboard: <a href="https://dune.com/wombex_finance/wmx-token" rel="noopener noreferrer nofollow">https://dune.com/wombex_finance/wmx-token</a></li></ol><h3 id="strong-follow-wombex-socials-strong">Follow Wombex socials</h3>Twitter: <a href="https://twitter.com/WombexFinance" rel="noopener noreferrer nofollow">https://twitter.com/WombexFinance</a>Discord: <a href="https://discord.gg/wombex" rel="noopener noreferrer nofollow">https://discord.gg/wombex</a>Telegram: <a href="https://t.me/wombex" rel="noopener noreferrer nofollow">https://t.me/wombex</a>

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