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Wombex Finance news
About Wombex Finance
Wombex is 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 (offered to anyone supplying liquidity without any additional conditions) and boosted APY (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, longer lock-up corresponds to bigger number of veWOM received after locking)
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 bigger veWOM position and, finally — a bigger APY for the user.
The live Wombex Finance price today is $0.010670 USD with a 24-hour trading volume of $6,341.75 USD. We update our WMX to USD price in real-time. Wombex Finance is down 5.59% in the last 24 hours. The current CoinMarketCap ranking is #4966, with a live market cap of not available. The circulating supply is not available and a max. supply of 100,000,000 WMX coins.