BNB

Wombat Boosters Dial Up WOM Wars Another Notch With >700% APRs

by BSCN

February 3, 2023

Wombex Finance, Magpie XYZ and Quoll Finance are in an arms race to control the voting power on Wombat Exchange. Check out the eye-popping APRs here!

Wombex, Magpie, Quoll: How High Can They Go?

Things are starting to get crazy in WOM Wars, and by “crazy” we mean the insanely high returns being offered by Wombat Exchange and competing yield-boosting protocols Wombex Finance, Magpie XYZ, and Quoll Finance.

Precise percentages shift based on where investments, stakes, and bribes are flowing, but as of this moment, the highest returns can be found at Wombex and Magpie, who are each attempting to lure users with APRs north of 700%!

Also shaking things up is the entrance of new players into Wombat’s liquidity pools and bribe markets, including $stkBNB, $iUSD, $CUSD, and $axlUSDC.

Time to vote and earn! 🔥

Join the party with the new bribes - $iUSD by @izumi_Finance, $axlUSDC by @axelarcore & $CUSD by @Coin98Dollar.

Make your vote count and secure the high APR rewards when the factory pool launches!

Don't wait, head to https://t.co/aWJzNxHFEp now! 💰 pic.twitter.com/D5hMiqVO14
— Wombat Exchange (@WombatExchange) February 3, 2023

Let’s take a quick look across the WOM Wars landscape:

Wombat Exchange

On the stablecoin swap’s Gauge page, Wombex’s $wmxWOM pool is winning the battle for yield boosting, with 30% of the governance voting token veWOM cast in its favor. Close behind is Magpie’s $mWOM with 25%. Next up are $HAY (12%) and $BNBx (10%).

It's time to gear up for the weekly showdown! Here's a recap of @WombexFinance, @magpiexyz_io and @QuollFinance's performance over the week.

PS: These protocols have been battling it out for your votes! Secure your share of the bribes now 💸💸 pic.twitter.com/E3ac7NWs4b
— Wombat Exchange (@WombatExchange) February 3, 2023

Wombex

Wombex is more than halfway through its two-week Bootstrap event, so users have a few more days to convert $WOM to $wmxWOM and stake to take advantage of an APR above 400%.

Even more staggering yields can be found on the Wombex Bribe Market, with one $BUSD pool touching an APR of more than 900%!

Wombex posted a Twitter thread rounding up its recent activities, including Lunar New Year campaigns and AMAs.

GM☀️

Let's check active events of Wombex for the #WombexWarriors Community ⚔️

🧵👇

1/
Bootstrap Event:

You can bring $WOM to Bootstrap and earn WMX rewards with 332% vAPR!

And can vote-lock your $WMX to earn Bribes! https://t.co/HXDV0QgUU4

Details: https://t.co/r1LV0NjVNs
— Wombex #BSC (@WombexFinance) February 2, 2023

Magpie

Magpie is hosting its second weekly WOM UP Part, enticing users to convert $WOM to $mWOM in exchange for an APR currently verging on 750%! Upon conversion, Magpie is giving users two vlMGP voting tokens for every single $WOM.

Check out Magpie’s Twitter post for more info:

The new Weekly WOM UP Party is live!📢

Now $WOM holders can convert their tokens into $mWOM at 1:1 ratio to get 2 #vlMGP immediately as guaranteed rewards.💰

1 million vlMGP to be distributed for converters through the weekly #WOMUP event.💸https://t.co/w6bJojkU4R #BNB #DeFi pic.twitter.com/WQ9eKJ3vUv
— Magpie XYZ (@magpiexyz_io) February 2, 2023

Turning to matters of nuts and bolts, a Magpie governance proposal was approved and implemented that reduces the $MGP token emission by 33%, with a portion redirected to the $mWOM pool to encourage more $WOM conversion.

Hello Magpies!😃

Our 4th governance #proposal changes have been successfully #implemented.

"Proposal for MGP Emission Reduction and Reallocation"

After this implementation, the $MGP token emission has been reduced by 1/3.🎛️

Details:⬇️https://t.co/HT1zeu9rex

🧵#MGP #BNB https://t.co/7iueFyg5Az
— Magpie XYZ (@magpiexyz_io) February 2, 2023

Quoll

Rather than hosting a temporary booster event, Quoll is offering comparatively high rates on its Bribe Market, with APRs for all eligible pools north of 135% and two at more than 230% ($BNBx, $stkBNB).

Quoll also held an AMA with Helio Money:

Welcome to join our AMA with @Helio_Money 📢

💰$100 HAY Prize
📍 https://t.co/mvaxryLIbn
⏰2 Feb, 10am UTC+8 https://t.co/pL18A5Fec5 pic.twitter.com/hqupvt4DEu
— Quoll Finance (@QuollFinance) February 1, 2023

And has partnered with Immunefi on a $500,000 bug bounty program to reward white-hat hackers for finding vulnerabilities in the Quoll protocol.

New Bug Bounty! 🚀@QuollFinance is a multichain veToken aggregator and yield booster powered by Wombat Exchange and BNB Chain.

Find bugs - get $500,000! 💵https://t.co/XQ6ULKDwUM
— Immunefi (@immunefi) January 31, 2023

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 multichain space. The protocol allows users to swap stablecoins at minimal slippage and stake at maximum yield.