Hong Kong, Hong Kong, 20th May, 2022, Chainwire

Shortly after the Beta Launching of Wombat Exchange (a hyper-efficient multichain stableswap backed in part by Binance), the crypto world was rocked by the catastrophic collapse of TerraUSD. Wombat Exchange remained resilient despite wild market swings that defied predictions. Many decentralized stablecoin exchanges suffered financial losses. Their 24-hour trading volume reached an all-time high of $35M, and the liquidity cap ascended to $40M as of May 20th. Within a month of its launch, this remarkable success eclipsed notable projects such as Dodo and the AcryptoS on BNB Chain.

The next-generation stableswap 2.0

Wombat, a multichain stableswap that is native to the BNB Chain, is Wombat. Through its innovative algorithm design, it re-engineered stableswap to allow for lower slippage and greater capital efficiency. Wombat Exchange’s most important characteristic is stability. This made it immovable secure during the recent black Swan event. They were the first protocol to introduce the Equilibrium Protection Ratio concept in order to maintain system health and ultimately protect users’ funds. This method allows Wombat to spot potential risks and take action before they become serious.

Wombat is currently only available in the BNB Chain, but that will change soon. Wombat was designed to be multi-chained and has a tremendous scaling potential. Because of their unique closed-form quadratic solution, the protocol can thrive in any chain. This system is extremely efficient and scalable. Some of its user-oriented perks include precise calculations, lower gas fees, and better management of liquidity. This makes Wombat an attractive alternative to the great Curve Finance.

Wombat is determined to build its own ecosystem that will thrive for the long term. The roadmap includes an incubation laboratory that can help future projects build on top of existing ones. These projects will bring benefits to Wombat’s governance token holders. Their goal of providing value for its users is inextricably interwoven with their synergy.

About Wombat Exchange

Wombat exchange is a BNB native multichain stableswap that focuses on redesigning the stableswap experience via its algorithm design. Wombat’s goal is to drive DeFi growth, push boundaries, and provide greater capital efficiency, accessibility and scalability in multi-chain environments. After Wombat’s success with the Binance Incubation Program, the Binance BNB Chain Most Valuable Builder Season 4 Incubation Program followed. It had the pleasure to be one of the monthly stars in January.

For more information on Wombat Exchange, please visit the following links:

• Website
• Discord
• Twitter
• Medium
• Telegram

Contacts

Cherie Man, [email protected]