October 15, 2022 at 10:30 am

The BNB Chain continues to grow at a rapid pace with an array of newly launched projects securing funds through PancakeSwap, which is a central player in the Binance ecosystem's decentralized exchange and launch pool. Recently, PancakeSwap's team released a statement regarding their latest initiatives. original They have set the stage for a new IFO campaign specifically for Wombex.Finance, and this proposal has received the green light, confirming the IFO details and timeline for the PancakeSwap community.

Wombex functions as a platform for yield aggregation and veToken accumulation, built atop Wombat, which has gained approval from the Wombat Exchange team.

Wombat stands as the forefront of StableSwap decentralized exchanges within the BNB ecosystem, having successfully launched via the PancakeSwap IFO platform previously.

article for precise information.

Wombex is crafted on the Wombat veToken model, paving the way for a new era of yield generation in the BNB Chain sector. Its objective is to unite liquidity providers and WOM token holders to enhance mutual growth and propel long-term expansion for Wombat.

The platform is geared towards accumulating veWOM (vote-escrowed Wombat’s native token, WOM), aiming to offer the best yield boosts for Liquidity Providers while fostering a robust governance market within the WOM ecosystem by utilizing accumulated governance power in the bribe market. Key applications include:

• For liquidity providers: maximize returns from deposits in Wombat by leveraging locked veWOM for enhanced rewards.
  
  Note: at the moment median APY for stablecoins on Wombat is around 12% which is much higher than available yields in other chains like Ethereum. With Wombex it will be even higher based on the max boost provided by veWOM position.

• For WOM token holders: create additional earnings from possessing WOM, which can be transformed into wmxWOM, a liquid derivative of veWOM.

The governance of Wombex is managed by the native token WMX. By being vote-locked for a period of 16 weeks, WMX empowers holders to impact Wombat governance, trade governance power in the bribe market, earn protocol fees, and guide the direction of Wombex.

Wombex is setting its sights on acquiring a substantial amount of $WOM tokens from its community, alongside announcing two significant events aimed at WOM acquisition and rewarding community members with WMX tokens:

1. Saturday, 15 Oct, Singapore
2. proposal

Wombex mission and use cases WMX Airdrop , WOM Bootstrap event Join Twitter Stay alert so you don't miss out on these announcements!

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Built on the Wombat framework, Wombex serves as a yield aggregation platform and veToken accumulative space, having been approved by the Wombat Exchange team. It’s been established as an evolution of Convex with additional enhancements including:

• , and
• A more user-friendly experience achieved through transaction bundling solutions.
• Customization options tailored for both the existing and future architecture of Wombat.

Wombex offers WOM holders a chance to amplify their earnings by converting WOM into wmxWOM, which corresponds to veWOM owned by Wombex. For liquidity providers, the platform facilitates a smooth route to achieve maximum yield within Wombat.

Telegram About Wombex.finance project , Dynamic token emission mechanism , Project socials: .

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