WOO Bi-weekly Roundup
June 16~ 28
WOO continues to make headlines with strategic partnerships through its Innovation Hub, trend-setting customer rewards at WOO X, and rapid growth at WOOFi.
Advancing Blockchain Efficiency with Kontos: - Adding to a growing list of strategic partners, WOO and Kontos have integrated into WOO's Innovation Hub with a joint goal to advance blockchain technology using zero-knowledge proof (zk) for omnichain infrastructure, enhancing transaction efficiency and scalability. WOO's contribution to Kontos includes support for regional market expansion and community integration.
“This partnership facilitates Kontos's access to broader networks, enhancing visibility and fostering growth opportunities within the blockchain ecosystem,” said Abby Huang, Ecosystem Lead at WOO.
Innovating DeFi with BlasterSwap: WOO also partnered with BlasterSwap through the WOO Innovation Hub. This partnership is aimed at fast-tracking DeFi innovation by leveraging BlasterSwap's V3 platform and Blast Native Yield, improving trading options and yield farming. BlasterSwap, the second-largest spot DEX on Blast L2 with 35,000 unique users, has evolved from a V2-style DEX to a comprehensive DeFi platform. It features the first Blast-yield compatible V3, a launchpad, and an aggregator, demonstrating significant innovation in the ecosystem. This collaboration expands WOO's global crypto footprint in the Blast L2 ecosystem, benefiting BlasterSwap users and WOO token holders.
WOO X Enhances Web App and Sees 24hr Volumes Surge: WOO X introduced a sleek upgrade to its web app, making navigation easier and more intuitive for new traders. This enhancement supports new features like earn vaults and social trading as we continue to add more capabilities.
With recent improvements to liquidity on major pairs, 24-hour volumes surpassed $1 billion during last week's volatility. Trader feedback has been exceptionally positive, so check it out!
WOO X Sparks CEX Trend with $ZRO Rebate: WOO X made headlines with a rebate promotion for users who deposited $ZRO during its launch. The first 1,000 depositors were eligible for a rebate covering their donation fee, up to $50 per user. Additionally, users received a bonus of $0.1 in USDC for each $ZRO token deposited, with a maximum of one deposit per user. Other CEXs later adopted similar promotions hours after the WOO X initiative trended.
Aggressive WOOFi growth
WOOFi continues to achieve milestones and introduce bullish incentives for users at the same time.
WOOFi Pro Hits New All-Time Highs: WOOFi Pro soared to new heights with two record-breaking achievements: $2.942 billion in 7-day volume and a surge to 31,610 7-day users, setting unprecedented milestones effortlessly.
WOOFi Regains Top 15 in DEX Volumes: WOOFi has surged back into the top 15 DEXes by 24-hour swap volume, buoyed by increased activity following the operational restoration of WOOFi Swap's upgraded V2 contract across all chains and its reintegration with 1inch. Particularly notable volumes are observed on Arbitrum.
WOOFi staking offers ~22% APR: The staking yield on WOOFi is currently so robust, with fees and ARB incentives, that some community members are earning as much as approximately 22% APR! This level of yield for your $WOO is unmatched.
WOOFi's 395,000 ARB incentives bolster DeFi presence: WOOFi has launched a second round of ARB incentives totaling 395,000 ARB over 12 weeks, covering all four core products - Stake, Earn, Swap, and Pro. More details on how to earn these rewards can be found here.
Stay tuned for further updates on all the exciting developments from across the WOO ecosystem.
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