Wombat Exchange is MultiChain with the first start on arbitrum

Hong Kong, Hong Kong, March 27, 2023, kett wire

Wombat exchange , the largest stable wap on the BNB chain, is proud to announce its expansion into the multicain territory, starting with its introduction to the leading Ethereum-Layer-2-Network-Arbitrum One-on April 5, 2023 at 6:00 a.m. This expansion represents an exciting development for Wombat Exchange because it aims to boost the growth of Defi and to move borders through greater capital efficiency, improved access and scalability in a multi-chin world.

Wombat Exchange is the leading stable wap in the BNB chain, which is supported by numerous first-class investors, including Animoca Brands, Binance Labs, Shima Capital, Jump Crypto and more. Since its introduction in September 2022, Wombat Exchange has reached a maximum of $ 217 million TVL and continues to attract high transaction volumes.

Although Wombat has only ~ 40 million TVL, Wombat recently took 4th place in the total trading volume in the entire cryptor room and is now classified as the second largest dex on the BNB chain, which proves the skills and capital efficiency of your algorithm.

Wombat Exchange and Arbitrum Blockchain share a joint vision for defi innovation and community building. The pioneering spirit and the engagement of the Arbitrum team fit perfectly with Wombat's aims to offer an extraordinary stable coin exchanger. With the improvement of the algorithm and taking over the coverage ratio concept, arbitrum users will be able to exchange stable coins with minimal slip and to provide one-sided liquidity.

In order to further enlarge the range and to offer token owners more earnings options and flexibility, Wombat brings the entire Wombat ecosystem, including convex forks, namely Wombex, Magpie and Quoll, to Arbitrum.

Alex, founder of Wombat Exchange, commented: “The core and the most important goal of Wombat is to be the best stable exchange that we can be. We believe that for survival and thriving every blockchain or defi, a good stable coat is the key to serve as the basis for the entire ecosystem Confident that we will build a strong and dynamic community. ”

Wombat is pleased to start his start on April 5, 2023 at 6:00 a.m. UTC with a liquidity mining rush program that offers users the opportunity to earn a considerable amount of WOM by staking.

Further information on the start of arbitrum can be found at: http://bit.ly/3lQarf3

on Wombat Exchange

Wombat Exchange is a multichain stable wap that is native on the BNB chain. It focuses on the revision of the StableWap experience with its innovative algorithm design to provide a Stablewap 2.0 experience of the next generation.

The vision of Wombat is to push the growth of Defi and to shift boundaries with greater capital efficiency, improved accessibility and scalability in a multichain world.

For more information, visit:

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Contact

cherie man, [email protected]