4/ Wombat further raised $5.25M in our Series A Funding
led by @animocabrands & @HailstoneVC with 9 other savvy investors including @BNBCHAIN believing in what we're building.
With this round of funding, Wombat's valuation has increased to $70M 💥
5/ "Wombat Exchange has put together a solid & experienced team to develop a #stableswap that has the potential to significantly advance the growth of #DeFi," is the remarkable words of @ysiu
8/ All our investors are committed to locking in for 2 years with initial unlock decrease from 5% to 2.5%! They've shown extreme dedication & trust in Wombat's long-term success.
We couldn't ask for more than a strong and accomplished team of investors who share the same vision!
9/ The capital our project has acquired through all these support accelerated Wombat’s product development and expansion.
But of course, we would never have achieved such big success without our thriving community who digs what Wombat has to offer that others can't. #TeamWombat
10/ A sincere thanks to all our investors & community members for supporting our launch during this bear market! We'd live up to the promise of being the best #stableswap there is!
We are happy to be in this journey with you all and we won't disappoint.
See you at our TGE! 🚀🐻
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We're thrilled to see the fruition of the #StableswapV2, and here's what you should know about our $WOM token🧵
2/ Wombat Exchange is a next-gen multi-chain #stableswap native to the @BNBCHAIN.
Swap stablecoins at hyper-efficient rates w/ minimal slippage & earn massive yield via our single-staking pools with stableswap 2.0 model. We bring innovation to the #BNBChain & to #DeFi at large.
Looking to get a grasp of what Wombat does? Watch this video and to know us better in less than 1 minute!
We've heard you & we will provide the FAQs in this thread.
We hope this will help answer some of your questions🤔 🧵
2/ Q1: When is the retroactive airdrop distribution?
A1: More details will be provided 2 weeks post-TGE. We would like to ensure the price stability, safety, & security due to the complicated logistics - so we need some time but it should be approx 1 month after TGE.
3/ BTW, to show our appreciation, we'll weigh the airdrop towards the early stakers BUT you can still earn the airdrop by depositing on app.wombat.exchange until our full launch is live! 🏃🏻♀️
What you need to know about #stablecoins:
🔹Stablecoins, although the most stable form of crypto, are not 100% risk free, especially algorithmic stablecoins
🔹Market volatility, though rare, still affects stablecoins
🧵👇
2/ 📉 None of us like unexpected risks, while we cannot control stablecoin movements, we can control how we manage risks. Wombat plans for everything that could go wrong, and is geared up to fight! 💪
3/
1️⃣ Wombat's concept is to have a Main Pool and a Subsidiary Pool. The Main pool only contains established and time-tested stablecoins like $BUSD, $USDT, $USDC, and $DAI.