Dear LBank users,
WMX(Wombex Token) will be listed on LBank at 13:00 on October 19, 2022 (UTC), the details are as follows:
Trading Pair: WMX/USDT
Trading Area: Innovation Zone
Deposit Enable: 10:00 October 19, 2022 (UTC)
Trading Open: 13:00 October 19, 2022 (UTC)
Withdrawal Enable: 10:00 October 20, 2022 (UTC)
Wombex is a yield aggregation and veToken accumulation protocol built on top of Wombat Exchange. It’s a fork of Convex with additional development and improvements to the original models, such as:
Dynamic token emission mechanism,
Simplified user experience via transaction bundling solution, and
Customisation for current and future planned Wombat architecture.
For WOM holders, Wombex offers the opportunity to earn more on their WOM by staking WOM into wmxWOM (Wombex-owned veWOM).
The protocol operation is based on the rules Wombat veToken model:
Wombat offers base APY (offered to anyone supplying liquidity without any additional conditions) and boosted APY (depends on the user’s veWOM position) To create a veWOM position, the user needs to lock WOM for a certain amount of time (from 7 days to 4 years, longer lock-up corresponds to bigger number of veWOM received after locking) Based on the user’s veWOM position vs veWOM position of others, the boosted APY is calculated. In general terms — more WOM locked for a longer time leads to bigger veWOM position and, finally — a bigger APY for the user
Docs: https://docs.wombex.finance/
Telegram: https://t.me/wombex
Discord: https://discord.gg/bTg6S2GjRV
Twitter: https://twitter.com/WombexFinance
Website: https://wombex.finance/
Blockchain browser: https://bscscan.com/token/0xa75d9ca2a0a1D547409D82e1B06618EC284A2CeD
Whitepaper: https://docs.wombex.finance/
Click here to download for iOS or Android
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