Wombat Exchange, a multi-chain and cross-chain single-sided stablecoin swap, has published the first-ever single-sided Volatile Pool Automated Market Maker (AMM) algorithm in decentralized finance (DeFi).
This marks a new era in DeFi by providing the first oracle-less, user-friendly single-asset-deposit and capital-efficient trading environment for all assets including GameFi.
Wombat recently announced its GameFi expansion plan through its new Gamified Bribe Market 2.0 and upcoming collaborations with Animoca portfolio games.
This development comes after Wombat’s success of over $3 billion in trading volumes to date with only pegged assets. The new volatile asset pool turns Wombat into a full multi-chain and cross-chain DEX, increasing platform TVL and volume by extending coverage to volatile crypto and GameFi assets.
Moreover, Wombat’s focus on capital efficiency propelled it to become a top 7 DEX on DefiLlama by volume on Optimism within two months of launch, surpassing giants like SushiSwap without incentives.
Last month, Wombat’s cross-chain swap feature across 6 chains moved into public beta, positioning the platform as a full-service single-sided DEX and Bridge.
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