BNB
by BSCN
March 17, 2023
Stableswap Wombat Exchange said it is expanding from BNB Chain to the red-hot L2 Arbitrum.
Upstart Decentralized Exchange (DEX) Wombat Exchange is extending its ambitions from BNB Chain to Arbitrum, the stableswap announced Friday.
On Twitter, Wombat Exchange posted, “we have exciting news that we're heading to @arbitrum. LFG!!!”
The DEX has openly harbored plans for a multichain expansion, including to Arbitrum, but Friday’s tweet is a bit surprising because Polygon was initially named as its first destination outside of BNB Chain.
According to the protocol’s recently updated roadmap, expansions to both Polygon and Arbitrum are both slated to occur between April and June.
Ahead of the promised multichain expansion Wombat Exchange and its three competing yield-boosting platforms, Wombex Finance, Magpie XYZ and Quoll Finance, continue to add liquidity pools for users to stake their funds in exchange for rewards.
Most recently, Wombat Exchange integrated currencies from the Ethereum ecosystem, including $frxETH and $ETH (BEP-20 versions).
Meanwhile, Arbitrum is soaring on news that the highly-anticipated airdrop of its ARB token is set for March 23.
Wombat Exchange is a multi-chain stableswap focused on fueling DeFi growth and promoting its product’s scalability, accessibility, and efficiency in the multi-chain space. The protocol allows users to swap stablecoins at minimal slippage and stake at maximum yield.
Latest News
December 21, 2024
Weekly Article Recap: 12/16-12/20
December 20, 2024
Injective and Sonic SVM Partners to Launch the First Cross-Chain AI Agent Platform
December 20, 2024
UK Judge Sentences Craig Wright to One Year in Prison for Contempt of Court
December 20, 2024
SEC Approves Bitcoin and Ethereum ETFs from Hashdex and Franklin Templeton
December 18, 2024
Ripple Dollar (RLUSD) Launches with Full Transparency and Regulatory Backing
December 18, 2024
Bitwise Launches Solana Staking ETP in Europe: What to Know
December 18, 2024
Ohio Introduces Bitcoin Reserve Bill to Strengthen State Finances
December 17, 2024
Monad Launches the Monad Foundation to Drive Ecosystem Growth