Wombex is a yield aggregation and veToken accumulation protocol built on top of Wombat Exchange. Wombex combines the power of liquidity providers and WOM token holders, supercharging each other and accelerating long-term Wombat growth. For this purpose, Wombex accumulates veWOM and aggregates LPs deposits simultaneously. For WOM holders, Wombex offers the opportunity to earn more on their WOM by staking WOM into wmxWOM (Wombex-owned veWOM).
WMX token holders participate in governance aggregation across Wombat by voting using protocol-owned veWOM. Token holders vote on Wombat and Wombex proposals, earning a share of WOM mined by Wombex LPs as a reward.
What is $WMX?
Vote-locked $WMX has the following utilities:
- Govern Wombex Finance
- Influence Wombat governance (through meta-governance mechanism)
- Revenue sharing of Wombex Protocol Fees