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Wombat Exchange
Wombat Exchange is a hyper-efficient, multichain, and crosschain single-sided Decentralized Exchange (DEX). It allows users to swap assets with minimal slippage and earn high yields through staking, focusing on capital efficiency, accessibility, and scalability within the DeFi space.
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Description
Wombat Exchange is a multichain and crosschain single-sided Decentralized Exchange (DEX). Its open liquidity pool design aggregates liquidity in a shared pool balanced by Coverage Ratios, enhancing capital efficiency and allowing for single-token staking. This simplifies liquidity provision. The platform's crosschain capabilities are powered by Wormhole. Wombat employs an asset-to-liability model and a gas-efficient algorithm to minimize slippage during swaps. The ecosystem includes the $WOM utility token, which is used in a gamified bribe market to incentivize user participation and value creation.Grant Funding
VC Funding
OP
XLM
$418K
$0