Hey guys.
Today I am going to introduce you to wombat. Wombat is a multichain stable swap protocol. Their aim is to become the biggest defi protocol in 5 years and they claim that the most elegant algorithm to achieve it. When you perform a swap in wombat you pay zero to little slippage.
And they are depeg proof that’s how they are going to achieve it.
The sub-pool, we will have a stricter requirement on these volatile assets’ coverage ratios & supply limit of each token to maximize protection.
There will be an extra fee charged on top of the regular haircut when the coverage ratio is off, so when the coverage ratio of the from-token (of the volatile asset) exceeds a certain rate, a higher swap fee will be charged to discourage users from swapping; and when the coverage ratio reaches the maximum limit that we’ve set, a 100% fee is charged, meaning no further swap is possible.
In terms of smart contracts and codes, they have passed the audits successfully from numerous reputable security audit firms, including Zokyo, Peckshield and Hacken,
The $WOM IFO is tomorrow here you can check for more info
https://medium.com/wombat-exchange/announcing-wombat-ifo-on-pancakeswap-8af69bec419d
And here are the tokenomics
https://medium.com/wombat-exchange/wom-tokenomics-and-distribution-83f8e0a030ea
