Wombex Finance

Wombex is a yield aggregation and veToken accumulation protocol built on top of Wombat. Wombex aims to accumulate as many veWOM as possible, offer the highest yields to LPs without the necessity to buy and stake WOM, and attract solid TVL (~$90M now).

The protocol operation is based on the rules Wombat veToken model. Wombat offers base APY (offered to anyone supplying liquidity without any additional conditions) and boosted APY (depends on the user’s veWOM position). To create a veWOM position, the user needs to lock WOM for a certain amount of time (from 7 days to 4 years. Based on the user’s veWOM position vs veWOM position of others, the boosted APY is calculated. In general terms — more WOM locked for a longer time leads to a bigger veWOM position. Wombex’s primary purpose is to provide an excellent WOM boost to LPs as a service and allow Liquidity Providers to earn high APY without the necessity to buy and stake WOM. The main Wombex goal from day one of launch is to accumulate as many veWOM as possible, offer the highest yields to LPs, and attract solid TVL. Aggregating liquidity on Wombex unlocks the value from economies of scale and helps our users earn higher yields.