BNB

Wombat Exchange Aims for Massive Multichain Expansion in 2023

by BSCN

January 4, 2023

In 2023, Wombat Exchange has Polygon in its sights, as well as Ethereum, Arbitrum, Optimism, Avalanche and Fantom. Hold on ... Wen CEX listing for $WOM?!

First Plans Include Polygon

Upstart BNB Chain stablecoin swap Wombat Exchange has ambitious expansion plans for 2023, including crossing over into Polygon, Arbitrum, Ethereum, Optimism, Fantom, and Avalanche.

The multichain strategy is one of the multiple initiatives in the new 2023 roadmap that Wombat Exchange highlighted in a Twitter thread.

Only a few days into 2023 and we've already done some big steps towards this year's goals.

We've updated our roadmap for the upcoming 6 months, and we can't wait to share it with you!

Let's take a look at our vision and mission for 2023 🚀 🧵🧵 https://t.co/0ism20Bu8V
— Wombat Exchange (@WombatExchange) January 4, 2023

Will the multichain expansion lead to an escalation of WOM Wars beyond the borders of BNB Chain? That’s an unknown, but this month Wombat Exchange is focused on Gauge Voting and opening the bribe market so $veWOM holders can benefit from incentives and yield-boosting.

Currently, three yield-boosting protocols -- Wombex Finance, Magpie XYZ and Quoll Finance -- control nearly 80% of the $veWOM supply.

“BNB pools will reopen shortly with @stader_bnb & @pStakeFinance. Expect more parties to join the gauge weight fight!” Wombat Exchange tweeted.

The 2023 roadmap also contains plans to implement a governance model where Wombat Exchange community members can influence the project’s future.

The immediate star of the roadmap, however, is the upcoming multichain expansion. Polygon is the first target for Wombat Exchange, followed by a bevy of other EVM-compatible blockchains (including the mothership, Ethereum). According to Wombat Exchange, developers are working with Wormhole to make the multichain plans a reality.

4/ Our first route is going to @0xPolygon💜
and more chains including @arbitrum, @ethereum, @optimismFND, @FantomFDN, and @avalancheavax! 🌐

We're confident that we can bring innovation to these ecosystems 💪💪💪 More collaborations are on the way, so stay tuned!
— Wombat Exchange (@WombatExchange) January 4, 2023

A good Twitter thread on a roadmap reveal wouldn’t be complete without a mic drop. Wombat Exchange obliges by hyping up potential $WOM listings on Centralized Exchanges.

“Last but not least, centralized exchange listings will be on our radar this year. 📷 We aim to bring further adoption to the mass market and revolutionize the #stableswap world!” Wombat Exchange tweeted.

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.