Wombex Finance

Happy New Year to all Web3 Communities!We are very grateful to announce our new year celebration campaign with CoinMarketCap!While we are busy with development of the <a href="https://coinmarketcap.com/community/articles/637f94124cc2651b5cbf8da2" rel="noopener noreferrer nofollow">Bribe Market</a> and some roadmap features to bring to the platform, we all should also enjoy the holiday times with our community friends!We are welcoming all current and new members of the Wombex Community as known as Wombex Warriors, let’s have a look at the details of our new airdrop event!Enjoy!<h3 id="what-is-wombex-finance">What is Wombex Finance?</h3>Wombex Finance is a Decentralised Finance (DeFi) protocol on BNB Chain, and works as a yield aggregation and veToken accumulation protocol built on top of Wombat.The protocol operation is based on the rules Wombat veToken model. Wombat offers base APY which is offered to anyone supplying liquidity without any additional conditions and boosted APY which depends on the user’s veWOM position.To create a veWOM position, the user needs to lock WOM for a certain amount of time (from 7 days to 4 years). Based on the user’s veWOM position vs veWOM position of others, the boosted APY is calculated.In general terms — more WOM locked for a longer time leads to a bigger veWOM position. Wombex’s primary purpose is to provide an excellent WOM boost to LPs as a service and allow Liquidity Providers to earn high APY without the necessity to buy and stake WOM.The main Wombex goal from day one of launch is to accumulate as many veWOM as possible, offer the highest yields to LPs, and attract solid TVL. Aggregating liquidity on Wombex unlocks the value from economies of scale and helps our users earn higher yields.Ve models were adopted and battle-tested by multiple protocols, such as Curve, Balancer, Spirit, Platypus, and others. A properly designed veToken system leads to healthy protocol growth due to aligned incentives between token holders and liquidity providers, efficient governance, and multiple additional yield opportunities for token holders, such as <a href="https://coinmarketcap.com/community/articles/637f94124cc2651b5cbf8da2" rel="noopener noreferrer nofollow">bribe markets.</a>Please refer to this article to learn more details about <a href="https://coinmarketcap.com/community/articles/637f811f4439d94b9de404b2" rel="noopener noreferrer nofollow">Wombex Finance Architecture</a>.<h3 id=""></h3><h3 id="what-is-wmx-token">What is $WMX Token?</h3>WMX is the native token of Wombex Finance. WMX token has utility on the platform only being vote-locked in a special contract for 16 weeks (vlWMX). The vlWMX token holders can use a their vote-locked WMX for participation in Wombex and Wombat ecosystems:<ul><li>Receive a share of protocol fees (charged in mined WOM) for staking WMX in vlWMX</li><li>Govern Wombat using veWOM protocol holdings (meta-governance), influence direction of rewards emission, or sell governance power on secondary market which is <a href="https://coinmarketcap.com/community/articles/637f94124cc2651b5cbf8da2" rel="noopener noreferrer nofollow">Bribe Market (receive so-called bribes)</a>.</li><li>Govern Wombex protocol, including treasury, emission schedule, and other parameters via vote-locking WMX (vlWMX)</li></ul>More to discover with dune analytics - Wombex WMX &amp; vlWMX, Bootstrap Event, wmxWOM Pool:<a href="https://dune.com/wombex_finance/wmx-token" rel="noopener noreferrer nofollow"> click here</a>Please refer to this article to learn more details about <a href="https://coinmarketcap.com/community/articles/637f8c724cc2651b5cbf8d9e" rel="noopener noreferrer nofollow">WMX Token and its utility</a>.<h3 id=""></h3><h3 id="wombex-airdrop-campaign-141-000-wmx">Wombex Airdrop Campaign - 141,000 WMX</h3>Airdrop Details:<ul><li>Start Date: December 2nd, 2022 - Friday, 6am UTC</li><li>End Date: December 25, 2022 - Sunday, 9pm UTC</li><li>Total Prize Pool : 141,000 $WMX Tokens</li><li>Total Winners will be selected : 3,000 winners</li></ul>Please follow the steps below to win:<ul><li>Open CoinMarketCap : <a href="https://coinmarketcap.com/" rel="noopener noreferrer nofollow">https://coinmarketcap.com/</a> and search for Wombex Finance with typing Wombex in the search bar.</li></ul><ul><li>Add WMX to your Watchlist on CoinMarketCap: <a href="https://coinmarketcap.com/currencies/wombex-finance/" rel="noopener noreferrer nofollow">https://coinmarketcap.com/currencies/wombex-finance/</a></li></ul><ul><li>Follow Wombex Finance on CMC Community: <a href="https://coinmarketcap.com/community/profile/WombexFinance" rel="noopener noreferrer nofollow">https://coinmarketcap.com/community/profile/WombexFinance</a></li></ul><ul><li>Follow Wombex Twitter: <a href="https://twitter.com/WombexFinance" rel="noopener noreferrer nofollow">https://twitter.com/WombexFinance</a></li></ul><ul><li>Retweet and Like Wombex’s Pinned Campaign Tweet in <a href="https://twitter.com/WombexFinance" rel="noopener noreferrer nofollow">https://twitter.com/WombexFinance</a></li></ul><ul><li>Join our Telegram: <a href="https://t.me/wombex" rel="noopener noreferrer nofollow">https://t.me/wombex</a></li></ul><ul><li>Join our Discord: <a href="https://discord.gg/wombex" rel="noopener noreferrer nofollow">https://discord.gg/wombex</a></li></ul><ul><li>Subscribe Wombex Telegram Announcements Channel: <a href="https://t.me/wombexann" rel="noopener noreferrer nofollow">https://t.me/wombexann</a></li></ul><ul><li>Fill in the airdrop form and leave your BSC address. The form will be available on <a href="https://coinmarketcap.com/currencies/wombex-finance/airdrop/" rel="noopener noreferrer nofollow">https://coinmarketcap.com/currencies/wombex-finance/airdrop/</a> once the event starts.</li></ul><h3 id=""></h3><h3 id="winners-announcement-distribution">Winners Announcement &amp; Distribution</h3>Campaign winners and distribution will be announced through our social channels in Twitter, Telegram, Discord and CMC Community Account.Prize distribution will be done by Wombex directly to winners’ wallet addresses with BEP-20 WMX token. Prize calculation and verifying winners phase will be started after December 25th 9pm UTC, which is the campaign’s ending date.Prize distribution will be done before January 1st, 2023 9pm UTC.Please join our official platforms if you have any questions.<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/&#64;wombexfinance" rel="noopener noreferrer nofollow">Medium</a>Good Luck and Happy New Year!

Wombex X CoinMarketCap : New Year Celebration Airdrop Campaign

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Wombex Finance

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