A 2024 Altseason seems inevitable after the bitcoin halving
Its leading with highest trading volume to TVL ratio in its sector
It boasts a $3.3B trading volume that is backed by giants like @Binance and @animocabrands 🧵👇
The marketcap for DEXs is set to reach $500B by 2028.
Cross-chain DEXs stand out in the crypto space due to their ability to facilitate trading across multiple networks and they also bring in many unique advantages.
@WombatExchange ($WOM) is a ground breaking crosschain AMM that you need to know about.
What exactly is Wombat Exchange?
@WombatExchange is a DEX that streamlines cross-chain trading with its bridge-and-swap functionality, offering ultra-low slippage and fees.
Its success is evident in a cumulative volume exceeding $3.3B and a market-leading trading volume to TVL ratio.
This is higher than all other DEXs.
They initially launched on $BNB and then expanded to some of the leading chains like Arbitum, Avalanche, Optimism and others.
What sets Wombat apart from other cross-chain DEXs?
Exclusive Cross-Chain DEX for Single-Sided Liquidity - Users can provide liquidity with just one token, minimizing potential loss due to market fluctuations.
Genuine Yield without Excessive Incentives - Wombat's pools boast significant volume, generating ample rewards from transaction fees.
Highly Efficient Capital Algorithm - Maximizes liquidity usage for trading, as evidenced by over $140M in trading volume within three months of launch with an average TVL of approximately $100K
Thorough Security Audits - Wombat has undergone rigorous audits conducted by @zokyo_io, @HackenDAO, @SlowMist_Team, and @peckshield.
+140 Strategic Partnerships and Grants - Wombat has joined forces with leading protocols like @fraxfinance, @LidoFinance, @lista_dao, @staderlabs, among others. Additionally, it has received grants from $OP and Project Dragon.
Wombat's latest innovation: the Volatile Pool AMM
Current designs of the volatile pool are highly inefficient and are of a fork of Uniswap.
This means you have to pool assets into LP tokens to provide liquidity and also face the risk of impermenant loss (IL).
Users also don’t have the option to provide one-sided liquidity or add any new assets into the existing pool.
To combat this, WombatExchange has introduced a cutting-edge feature in the form of their new Volatile Pool AMM.
Utilizing the DynamicPool invariant curve, the Volatile Pool AMM offers a range of benefits -
Reliable Market Pricing: Wombat's internal oracle and computational method ensure secure and accurate market pricing, reducing vulnerability to manipulation.
Stability through Invariant Curve: The Volatile Pool Invariant Curve maintains balance between liability and coverage ratio for each token, ensuring stability in volatile markets.
Accurate Asset Pricing: Wombat's AMM accurately determines market prices using an internal oracle and defined formula, considering swapping amounts between assets and stablecoins.
Uniform Spot Prices: Preventing advantages from routing within the pool, Wombat achieves uniform spot prices across tokens, enhancing scalability and trading fairness.
Repegging Mechanism: Wombat's robust repegging mechanism maintains global equilibrium and system health.
You can read the full whitepaper here -
https://www.wombat.exchange/Wombat_Whitepaper_VolatilePoolAMM.pdf
Here’s a glimpse of the project’s Tokenomics -
$WOM has also introduced a unique gamified bribe market @wompets_ in their collaboration with @animocabrands
They recently did a airdrop in hopes of attracting a new user base of gamers & artists. Very bullish.
Stay tuned for more 👀
This DEX is a force to be reckoned with.
With their innovative features and backing from industry giants, Wombat Exchange is definitely a project you should keep an eye on as the 2024 altseason approaches.
Twitter: https://twitter.com/arndxt_xo/status/1783455185358197143