WOO Bi-weekly roundup
The WOO Ecosystem is making strides in the crypto space with new integrations and strategic enhancements. In this update, we showcase recent initiatives that bolster our trading capabilities and expand our footprint in centralized and decentralized finance. These developments reflect our ongoing commitment to improving user experience and driving innovation within the broader ecosystem.
WOO X and OpenTrade Enhance RWA Vault Yields with Avalanche Integration
WOO X has upgraded its RWA flexible term vaults in collaboration with OpenTrade, utilizing Avalanche to enhance liquidity and reduce transaction costs. This platform streamlines processes and provides features like instant redemption and daily compounding, catering to the growing demand for flexible financial solutions.
“Our upgraded RWA vault on Avalanche enhances liquidity and reduces costs, positioning us at the forefront of a trillion-dollar market projected by 2030,” said Willy Chuang, COO of WOO X.
WOOFi Introduces Institutional-Grade Liquidity on Solana
WOOFi has launched its Synthetic Proactive Market Maker (sPMM) on Solana, enabling SOL and USDC trading pairs. This deployment enhances Solana’s liquidity offerings while preserving decentralized finance's self-custody benefits.
https://x.com/_WOOFi/status/1849495879994007887
“As Solana surpasses Ethereum in on-chain volume, we are excited to support more Solana-native assets and establish a stable presence,” said Ben Yorke, VP of Ecosystem. WOOFi aims to create an omnichain platform for trading and earning tools across multiple networks.
WOOFi Pro Launches on Sei Network
WOOFi has integrated its Pro platform with the Sei Network, enabling perpetual trading with deposit and withdrawal support. Sei combines the strengths of Ethereum and Solana, offering high performance and EVM compatibility. The recent V2 upgrade introduced a parallelized EVM for faster speeds. This launch allows WOOFi Pro users to take advantage of enhanced trading capabilities within Sei’s growing DeFi ecosystem.
New $cmETH Vault Launched!
Lastly, WOOFi has launched a new $cmETH vault, allowing users to restake mETH for cmETH and deposit into WOOFi for bonus MNT rewards. In addition, depositors will receive 20 Powder per cmETH daily, qualifying them for season 2 COOK rewards.
New $cmETH vault just launched!
— WOOFi (@_WOOFi) October 30, 2024
1) Restake your $mETH for $cmETH on @0xMantle
2) Earn $ETH restaking rewards on $cmETH + staking rewards on the underlying $mETH
3) Deposit $cmETH into WOOFi for bonus $MNT
4) Get 20 Powder per $cmETH per day and qualify for season 2 $COOK rewards https://t.co/zVJODBUG0O pic.twitter.com/Ba2Hut7p1G
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