Wombat Exchange

Wombat Exchange is a multi-chain stableswap built natively on the BNB Chain. Wombat adopts the concepts of asset-liability management and coverage ratio, enabling various stablecoins to be swapped at minimal slippage and the ability to single-stake stablecoins for sustainable yield.

WOM is the governance token that is used for:

Participating and voting on governance decisions Rewards for providing liquidity with stablecoins. Boosting the liquidity incentives by locking WOM tokens. The boost will be represented by voting escrow WOM (veWOM). The longer the lock, the higher the veWOM and the bigger the rewards.