Browse Web
Reading https://threadingontheedge.substack.com/p/wom-backed-by-binance-and-animoca
TLDR
Wombat Exchange ($WOM) is a groundbreaking cross-chain AMM backed by industry giants like Binance and Animoca Brands, offering innovative features and a promising future in the 2024 altseason.
Key Points 
- $WOM has a cumulative trading volume exceeding $3.3B and a market-leading trading volume to TVL ratio
- Offers exclusive cross-chain DEX for single-sided liquidity, genuine yield without excessive incentives, and a highly efficient capital algorithm
- Introduced a cutting-edge Volatile Pool AMM with reliable market pricing, stability through invariant curve, and accurate asset pricing
- Collaborating with Animoca Brands on a unique gamified bribe market @wompets_
In-depth Summary
Wombat Exchange ($WOM) is a decentralized exchange (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 trading volume exceeding $3.3B and a market-leading trading volume to TVL ratio, higher than all other DEXs.
What sets Wombat apart is its exclusive cross-chain DEX for single-sided liquidity, allowing users to provide liquidity with just one token and minimizing potential loss due to market fluctuations. Wombat’s pools also boast significant volume, generating ample rewards from transaction fees without excessive incentives. The exchange has a highly efficient capital algorithm that maximizes liquidity usage for trading, as evidenced by over $140M in trading volume within three months of launch with an average TVL of approximately $100K.
Wombat’s latest innovation is the Volatile Pool AMM, which offers reliable market pricing, stability through an invariant curve, and accurate asset pricing. This cutting-edge feature addresses the inefficiencies of current volatile pool designs and provides users with the option to provide one-sided liquidity and add new assets to existing pools.
Writer’s Main Point
Wombat Exchange ($WOM) is a force to be reckoned with in the cross-chain DEX space, with its innovative features, industry-leading backing, and promising future in the upcoming 2024 altseason.