$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!
Wombat's Full Version will be live on the 5th of Sep at 2AM! We aim to bring unprecedented innovation to the @BNBCHAIN and #DeFi, here's how Wombat stands as #StableswapV2 🧵
2/ Wombat's core innovation is the adoption of Coverage Ratio. This allows us to achieve:
💰100% capital utilization
⬇️minimal slippage
🤺 beat scalability barriers
To our users, it only means better exchange rate + lower slippage! 🚀
3/ Wombat is also the first to bring Equilibrium Coverage Ratio to maintain overall system health. ⛑
This ultimately helps fulfil our goal to protect users' funds. We spot risks and manage them before tragedies strike 👊
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!