Wombat increases to $ 40 million in TVL, while it is still in the beta phase

Hong Kong, Hong Kong, May 20, 2022, kett wire

Shortly after the beta launch of Wombat Exchange, a hyperefficient multi-chain-stable wap, which is supported by Binance, the crypto tent was taken by the devastating collapse of terrausd. Despite all the predictions, Wombat Exchange stood the wild market fluctuations, while many decentralized stable coin exchanges remained weak and exhausted. Their 24-hour trade volume reached an all-time high of USD 35 million, and the liquidity limit rose to $ 40 million on May 20. This immense success within a month after the start exceeded remarkable projects such as Dodo and Acryptos to BNB Chain.

Stableswap 2.0 of the next generation

Wombat is a multichain stable wap that is located in the BNB chain. It has revised the StableWap experience through its innovative algorithm design and enables lower slipping and higher capital efficiency. Stability is one of the main features of Wombat Exchange, which it kept safe during the recent Black Swan event. They are the first protocol to introduce the Equilibrium Coverage Ratio concept to maintain general system health and ultimately protect the funds of its users. With this method, Wombat can recognize risks and manage them before tragedies occur.

Although Wombat only exists in the BNB chain at this point, it will not take long. Wombat is designed in such a way that it can be chained several times, and the scaling capacity is monumental. The protocol can thrive in every chain, which is largely due to the closed square all-in-one solution. This mechanism is highly efficient and scalable, and some of its user -oriented advantages offer precise calculations, lower gas fees and more effective liquidity management. This makes Wombat a potential challenger of the Almighty Curve Finance.

Wombat has set itself the goal of building up its own flourishing ecosystem in the long term. An incubation laboratory is part of the roadmap, where it can support future projects based on it. The synergy of these projects will bring certain advantages to the owners of Wombat-Governance tokens, since the provision of value for its users is undeniably integrated into their goal.

on Wombat Exchange

Wombat Exchange is a BNB-native multi-chain-stable wap that focuses on revising the stable wap experience through its algorithm design. The vision of Wombat is to promote the growth of Defi and to move limits with greater capital efficiency, accessibility and scalability in a world with several chains. The success of Wombat in the Binance Incubation Program was followed by the Most Valuable Builder Season 4 Incubation Program of Binance BNB Chain, where it had pleasure to be one of the monthly stars for January.

Further information on Wombat Exchange can be found under the following links:

contacts

cherie man, [email protected]