BNB

It’s Official: Wombat Exchange is Coming to Arbitrum

by BSCN

March 17, 2023

Stableswap Wombat Exchange said it is expanding from BNB Chain to the red-hot L2 Arbitrum.

Wombat on 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.

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What is Wombat Exchange:

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.

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