Introducing Wombat Exchange
Introducing Wombat Exchange, a decentralized exchange (DEX) built on the Binance Smart Chain (BSC) that allows users to trade cryptocurrencies in a permissionless and non-custodial manner
Launched in 2021 by the team behind the Wombat Wallet, which is a multi-currency wallet that supports many different cryptocurrencies. As Introducing Wombat Exchange.
One of the key features of Wombat Exchange is its user-friendly interface and ease of use. It is designed to be accessible to both experienced and novice traders, and offers a simple, intuitive trading experience.
Wombat Exchange supports a wide range of BEP-20 tokens. Including popular cryptocurrencies like Binance Coin (BNB), Ethereum (ETH), and Dogecoin (DOGE), as well as many new and emerging tokens.
In addition to its trading features, Wombat Exchange also offers liquidity mining and staking opportunities. Which allow users to earn additional cryptocurrency by contributing to the network’s liquidity or holding certain tokens.
How Wombat works?
- EXPERIENCE The Magic – Say goodbye to slippage and hello to higher yields. At Wombat, anything is possible.
Maximize Capital Utilization – Wombat’s open liquidity pool design aggregates liquidity in a shared pool intricately balanced by Coverage Ratios, providing greater capital efficiency.
Increase Scalability – Wombat’s flexible liquidity pools allow staking with a single token, which facilitates liquidity growth without the need for complex maneuvers.
More User Friendly – Helps users swap tokens and earn interest on any stablecoin currency across various blockchains via an intuitive UI.
Minimize Slippage Rate – Uses an asset to liability model and negates slippage until higher transaction amounts and reduces slippage when it occurs!
What makes Wombat unique?
- Scalable Equilibrium: Innovate coverage-ratio-based stableswap mechanism to remove scalability barriers.
- Slippage minimization: Wombat adopts the asset-to-liability model; slippage is negated until higher transaction amounts and reduced when it occurs.
- User-Friendly UI/UX: Simple and accessible interface with pure single token pool design.
- Foundation for DeFi to build upon: A pure single-token pool design enables single-token LP tokens, ideal for borrowing and lending protocols and trading platforms to build on top of.
