

Wombat Exchange Integrates ETH Coin, Launches First Volatile Asset Pool



Wombat Exchange integrates $ETH and $frxETH from Frax as its first volatile assets pool.
Pools for $ETH, $frxETH
Bam! Wombat Exchange is kicking BNB Chain DeFi up a notch, adding pools for Ether coin and the $frxETH liquid staking derivative from Frax Finance.
The frxETH pool is Wombat’s first to feature volatile assets (using the BEP-20 versions of the Ethereum chain currencies). A few hours after the launch of the pool on the morning of March 8, the average APR for staking $frxETH was 200% and for $ETH was 33%. Those yields will go down as the pools fill up, with a maximum size of $1 million apiece.
🚨 New pool alert 🚨
— Wombat Exchange 🐻🔁 (@WombatExchange) March 8, 2023
We're excited to announce the launch of the pool with volatile assets! The $frxETH and $ETH pool is now live, with a liquidity cap of $2M ($1M per asset).
The $frxETH and $ETH pool adopts the same algorithm as the BNB pool 🧵 pic.twitter.com/4XQBt43XAC
In a Twitter post before the launch of the pool, Wombat goes over the basics of frxETH, which is minted when users stake $ETH on Frax. The frxETH LSD is loosely pegged to ETH at a 1:1 rate and can be traded or staked on Decentralized Finance (DeFi) protocols like Wombat.
We are thrilled to announce that $frxETH will soon be available on Wombat!
— Wombat Exchange 🐻🔁 (@WombatExchange) March 8, 2023
Y'all know that we're always striving to bring you the best stableswap experience. With more partnerships and listings, our users can enjoy greater possibilities!
Learn more about $frxETH below 👇🧵 pic.twitter.com/RQpkvIzHwb
The integration of $frxETH and $ETH could be considered as Wombat dipping a first toe into the cryptocurrency universe beyond BNB Chain.
Wombat’s 2023 Roadmap calls for a massive multichain expansion, starting soon with Polygon, and subsequently Arbitrum, Optimism, Fantom and Avalanche.
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.
Where to find Wombat Exchange:
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This is a paid press release, BSC.News does not endorse and is not responsible for or liable for any content, accuracy, quality, advertising, products, or other materials on this page. The project team has purchased this advertisement article for $2500. Readers should do their own research before taking any actions related to the company. BSC.News is not responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods, or services mentioned in the press release.
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Chainlink Launches Staking v0.2 With Exclusive Migration Window for Early Adopters

Accoriding to the Chainlink team, the upgrade, known as Chainlink Staking V0.2, brings a range of enhanced features and opportunities for community members and node operators.
Chainlink Unveils Staking V2
Chainlink has introduced the latest upgrade to its native staking protocol with the launch of Chainlink Staking v0.2.
As per a press release, existing v0.2 stakers can migrate their staked LINK and accrued rewards starting Nov. 28 until Dec. 6. This nine-day Priority Migration phase reportedly guarantees a seamless transition for early participants.
#Chainlink Staking v0.2 is officially live on mainnet ⬡
— Chainlink (@chainlink) November 28, 2023
Starting today, existing v0.1 stakers have a nine-day window to migrate their staked LINK and accrued rewards to the 45M LINK v0.2 pool, with guaranteed access before Early Access begins.
🧵https://t.co/pcFAVXct3L
As of December 7 at 12PM ET, LINK token holders meeting predefined eligibility criteria gain exclusive access to staking during a four-day period before General Access. From December 11 at 12PM ET, the opportunity extends to all, provided the pool limit has not been reached.
Community Stakers can engage with a minimum stake of 1 LINK and a maximum of 15,000 LINK during both Early and General Access, though entry is not guaranteed due to the capped pool size. Node Operator Stakers, on the other hand, can stake between 1,000 LINK and a maximum of 75,000 LINK.
The capped 45,000,000 LINK pool at the launch of Staking v0.2 includes an allotment of 40,875,000 LINK for community members. The remaining allocation caters to Chainlink node operators currently serving Chainlink Data Feeds.
According to Chainlink's recent statement, the introduction of Staking v0.2 is in line with Chainlink Economics 2.0, emphasizing the cryptoeconomic security of the Chainlink Network and bringing new improvements and features.
Last December, Chainlink launched staking v0.1. In the first phase of Chainlink Staking, a staking pool was established to secure the ETH/USD Data Feed on the Ethereum mainnet. Its initial cap was 25 million $LINK, 2.5% of the total supply.
$LINK is trading at $14.7, up 4.37% in the last seven days, with a marketcap of $8.2 billion.
This is a paid press release, BSC.News does not endorse and is not responsible for or liable for any content, accuracy, quality, advertising, products, or other materials on this page. The project team has purchased this advertisement article for $1500. Readers should do their own research before taking any actions related to the company. BSC.News is not responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods, or services mentioned in the press release.
This is a paid press release, BSC.News does not endorse and is not responsible for or liable for any content, accuracy, quality, advertising, products, or other materials on this page. The project team has purchased this advertisement article for $2500. Readers should do their own research before taking any actions related to the company. BSC.News is not responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods, or services mentioned in the press release.
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