Shortly after the beta launch of Wombat Exchange, a hyper-efficient multichain stableswap backed by Binance, the crypto world was struck by the devastating collapse of TerraUSD (UST).
Wombat Exchange withstood the wild market swings in defiance of predictions, while many decentralized stablecoin exchanges were left feeble and drained. Its 24-hour trading volume reached an all-time high of $35 million, and the liquidity cap ascended to $40 million by May 20. This immense success within a month of its launch surpassed notable projects such as Dodo and AcryptoS on BNB Chain.
The next-generation stableswap 2.0
Wombat is a multichain stableswap native to BNB Chain. It re-engineered the stableswap experience through its innovative algorithm design, permitting lower slippage and greater capital efficiency. Stability is one of Wombat Exchange’s main characteristics, which kept it immovably secure through the recent black swan event. It is the first protocol to utilize the Equilibrium Coverage Ratio concept to maintain overall system health and, ultimately, protect its users’ funds. With this method, Wombat can spot risks and manage them before tragedy strikes.
Although Wombat exists only on the BNB Chain at this stage, that won’t be for long. Wombat is designed to be multichain, and the capacity for scaling is monumental. The protocol can thrive on any chain, owing much of it to Wombat’s all-in-one closed-form quadratic solution. This mechanism is highly efficient and scalable, and a few of its user-oriented perks are providing exact calculations, achieving lower gas fees and managing liquidity more effectively. This makes Wombat a potential challenger to the almighty Curve Finance.
Wombat has its eyes set on building its own thriving ecosystem for the long term. Its roadmap has an incubation lab for its future that can support future projects whose synergy will generate benefits for Wombat’s governance tokenholders — providing value for its users is undeniably woven into its goals.
About Wombat Exchange
Wombat Exchange is a BNB-native multichain stableswap focused on re-engineering the stableswap experience through its algorithm design. Wombat’s vision is to fuel decentralized finance growth and push boundaries with greater capital efficiency, accessibility and scalability in a multichain world.
Wombat’s success in the BNB Chain Incubation Program was followed by season four of the same program, where it had the pleasure of being one of the monthly stars for January.
For more information about Wombat Exchange, visit the following links:
- Cherie Man — email@example.com