Wombat Exchange is a multi-chain stableswap built natively on the BNB Chain. Wombat adopts the concepts of asset-liability management and coverage ratio, enabling various stablecoins to be swapped at minimal slippage and the ability to single-stake stablecoins for sustainable yield.
WOM is the governance token that is used for:
- Participating and voting on governance decisions
- Rewards for providing liquidity with stablecoins.
- Boosting the liquidity incentives by locking WOM tokens.
- The boost will be represented by voting escrow WOM (veWOM). The longer the lock, the higher the veWOM and the bigger the rewards.