Wombat Exchange
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Wombat Exchange is a multichain stableswap native on the BNB Chain, focused on re-engineering the stableswap experience with its innovative algorithm design as the next-generation stableswap 2.0.
First multichain expansion: launch on Arbitrum
Wombat went multichain with its first expansion, launching on Arbitrum One.
Voting Gauge launches
Wombat launched its Voting Gauge, giving veWOM holders control over WOM emissions allocation for each gauge.
Full launch on BNB Chain
Wombat completed its full launch on BNB Chain with staking and boosting going live, attracting approximately $217 million in deposits within the first day and becoming the network's largest stableswap by total value locked.
WOM governance token launches
$WOM, the native governance token with a total supply of 1 billion, officially launched on August 30, 2022, following the PancakeSwap initial farm offering that concluded on August 29, 2022.
Mainnet launch on BNB Chain
Wombat launched its mainnet on the BNB Chain.
Strategic round led by Shima Capital
Wombat raised new capital in a strategic round led by Shima Capital, with participation from Jump Crypto and Wormhole.
Closes $5.25M Series A led by Animoca Brands and Hailstone Ventures
Wombat raised $5.25M in a Series A round led by Animoca Brands and Hailstone Ventures, with participation from BNB Chain, TPS Capital, GSR, and others. The round increased Wombat's valuation to $70 million.
Binance Labs leads Wombat seed investment
Wombat Exchange received a strategic seed investment from Binance Labs, the venture capital arm and innovation incubator of Binance. The amount was not disclosed.