Wombat Exchange Unleashes Groundbreaking New Era in DeFi

Wombat Exchange Unleashes Groundbreaking New Era in DeFi

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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.

Also read: Belarusian Busted for Running Unlicensed Crypto Exchange

Iyiola Adrian

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Iyiola is an experienced crypto writer specializing in simplifying complex blockchain and cryptocurrency topics for a broad audience. With expertise in ICOs, DeFi, NFTs, and regulatory updates, he offers valuable insights to help readers make informed decisions. He is proficient in SEO optimization.

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