What is Wombat Exchange (WOM)?
Wombat Exchange is a scalable stablecoin DEX that enables users to swap stablecoins at hyper-efficient exchange rates with minimal slippage and earn optimal yield on their assets via single-staking pools. Wombat removes scalability barriers, adopts an asset-to-liability model to minimize slippage, and has a simple and accessible interface with pure single-token pool design. It provides a foundation for DeFi to build upon with single-token LP tokens, ideal for borrowing and lending protocols and trading platforms.
The project was launched in 2022 and is backed by Binance Labs, Animoca Brands, Shima Capital, Hailstone Ventures, etc.
How Wombat Exchange (WOM) Works
Wombat Exchange utilizes four mechanisms below for the best stablecoin swapping:
- Coverage Ratio is a metric used to gauge the health of a liquidity pool by comparing assets to liabilities. Each stablecoin in Wombat's pools has its own Coverage Ratio, and a higher ratio indicates a lower risk of default. To prevent withdrawal arbitrage from draining the pool, an incentive system is used, offering deposit gains and withdrawal fees. APR is distinct from Coverage Ratio, and Wombat has an Equilibrium Coverage Ratio (ECR) that monitors its liquidity pools' overall health and manages risks.
- Invariant Curve is a mechanism that enables the addition or removal of an unlimited number of assets on demand, creating flexibility in asset weights. It has the ability to reward tokens in the pool with higher buy pressure, thereby improving liquidity. Also, Wombat Exchange allows the provision of single-sided liquidity.
- Global Equilibrium Coverage Ratio measures the coverage of tokens returning to equilibrium. When the pool is close to equilibrium, token exchange occurs similarly to CFMM. Unlimited liquidity is provided near the tail when it deviates from equilibrium, further ensuring the stability of the pool.
- Side Pool and Dynamic Pool are two special pools of Wombat designed for riskier stablecoins, with stricter requirements on volatile assets' coverage ratios and supply limits to ensure safety.
How Many Wombat Exchange (WOM) Tokens Are in Circulation?
WOM is the native token of the platform that powers all transactions. It has 1,000,000,000 in total supply and 38,212,565 in circulating supply.
How to Buy Wombat Exchange (WOM)
Consider investing in Wombat Exchange (WOM)? It only takes 2 minutes to create an account on Bitget and start trading WOM.
Check out the available WOM trading pairs on Bitget!
Spot market
Wombat Exchange (WOM) Resources
Simple 3-step guide to buying WOM today in Switzerland
Create your free Bitget account
Select a funding method
Complete your Wombat Exchange purchase
Step 1: Create a free account on the Bitget website or the app
Step 2: Place an order for Wombat Exchange using a payment method of your choice:
Buy Wombat Exchange with a debit/credit card
For Visa or Mastercard, select Credit/Debit card, then click Add New Card under the "Buy" tab
Credit/Debit in the Buy Crypto tab of the Bitget app
Credit/Debit in the Buy Crypto tab of the Bitget websiteSelect your preferred fiat currency, enter the amount you wish to spend, link your credit card, and then complete your payment with zero fees.
Add a new card to complete your payment on the Bitget app
Enter your bank card details to complete your payment on the Bitget websiteFor Diners Club/Discover card, click Buy Crypto > [Third Party] in the top navigation bar to place your Wombat Exchange order.
How to buy crypto with credit/debit cardBuy Wombat Exchange with Google Pay or Apple Pay
Converting your Google Pay and Apple Pay balance into Wombat Exchange is easy and secure on Bitget. Simply click Buy Crypto > [Third Party] in the top navigation bar to place your Wombat Exchange order.How to buy crypto via third-party gatewayBuy with bank transfer
We accept various payment methods, including iDeal and SEPA for EUR, PIX for BRL, PayID for AUD, UPI for INR, QRIS, DANA, and OVO for IDR, SPEI for MXN, and GCash for PHP. These services are facilitated by Alchemy Pay, Banxa, Mercuryo, and Simplex payment gateways. Simply select Buy Crypto > [Third Party] in the top navigation bar and select a fiat currency to place your Wombat Exchange order.Buy Wombat Exchange with the fiat balance in your Bitget account
You can Deposit fiat funds using SEPA to top up your Bitget fiat balance. Then click Buy Crypto > [Cash conversion] in the top navigation bar to place your Wombat Exchange order.P2P trading
With Bitget P2P, you can buy crypto using over 100 payment methods, including bank transfers, cash, and e-wallets like Payeer, Zelle, Perfect Money, Advcash, and Wise. Simply place an order, pay the seller, and receive your crypto. Enjoy secure transactions with escrow protection.How to buy crypto on Bitget P2P
Step 3: Monitor Wombat Exchange in your Bitget spot wallet
Bitget—where the world trades Wombat Exchange
How to buy Wombat Exchange for free
- Learn how to earn Wombat Exchange for free through the Learn2Earn promotion
- Earn free Wombat Exchange by inviting friends to join Bitget's Assist2Earn promotion
- Receive free Wombat Exchange airdrops by joining ongoing challenges and promotions
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FAQ
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Whether you are in Zürich, Geneva, Winterthur, or any place in Switzerland, Bitget is ready to serve you with any need in cryptocurrency. Switzerland has four main languages that are mainly spoken within the country, and they are German, Italian, French, and Romansh. All of these languages except Romansh are supported in both Bitget app and website.
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