Thread by @WombatExchange

$WOM is @WombatExchange’s governance token and once the full version of the app has launched, you will be able to earn it by staking #stablecoins!

So... what makes $WOM so special? 🧵

2/ Wombat has adopted the ve-token model where you can lock $WOM to obtain the yield booster $veWOM.

This applies a boost to all #stablecoin pools and maximizes your APR! At Wombat, we reward those who have faith in $WOM in the long term 🐻

3/ Like any governance tokens, $WOM token holders can participate and vote on Wombat's governance decisions. But wait, there's more! You will also be able to vote on decisions for a multitude of protocols building on top of Wombat!

📚 Learn more: medium.com/wombat-exchang…

4/ With our governance & voting system going live, token bribes will skyrocket and there will be tons of incentives to $veWOM holders -- which just improves your APR even further!

5/ As we are building our own incubation lab, a chunk of the tokens of projects building on top of us will be injected into our treasury and airdropped to $veWOM holders 🪂

6/ We're excited to bring more use cases to $WOM shortly after our Full Launch, so stay with us and ready to be surprised ;)

#StableswapV2 #DeFi #BNB #CryptoNews