BSC News

Wombat Exchange Ends Test Alpha, Preps for Beta Launch

Wombat Exchange promises to work on users’ insights to develop a flawless application in the space.

Wombat Exchange Prepares for Beta 

Following its Testnet launch, Wombat Exchange has turned its attention toward releasing its mainnet Beta application to the public. The protocol is entirely focused on developing its groundbreaking multichain stableswap product. 

Most recently, the platform raised $5.25M from a funding round led by top blockchain firms in a bid to develop its product. After the incentivization, Wombat Exchange unveiled its testnet, which users tested for two weeks to detect bugs ahead of the Beta mainnet launch. The testnet was launched on March 21, and judging by the protocol's tweet on April 3, users gave productive feedback. 

“The 2-week testnet period has ended. Thanks everyone for our valuable feedback! We’ll take these insights to improve our app for the Wombat community at our Beta Launch,” Wombat wrote on Twitter. 
Source

It is believed that the Decentralized Finance (DeFi) platform now knows the changes that need to be made to develop an excellent product on BNB Chain. The Wombat team will now work on the insights, and BSC News expects the Beta version to go live shortly. However, the application’s release may depend on the number of issues discovered by users during the testnet phase. Additionally, the Beta version may come sooner if users did not encounter serious problems. Moreover, the Beta launch is the first of Wombat’s plans, according to its Q2 Roadmap displayed on its website. 

In other news, the Team Wombat festival is still ongoing. The 8-week festival which features numerous events and rewards worth $5,500 BNB, is coming to an end. You can read our article HERE to learn more and participate to win mouthwatering rewards. 

What is Wombat Exchange:

Wombat Exchange is a multi-chain stableswap focused on fueling DeFi growth and promoting its product’s scalability, accessibility, and efficiency in the multi-chain space. The protocol allows users to swap stablecoins at minimal slippage and stake at maximum yield.

For more information about Wombat Exchange, visit the following media links: 

Website | Twitter | Discord | Medium | Telegram 

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