WOO Bi-weekly roundup
The WOO Ecosystem continues to drive innovation in the crypto landscape through strategic partnerships and dynamic initiatives. In this bi-weekly roundup, we highlight our latest developments, including collaborations that enhance our AI capabilities and engage the gaming community. We also released our vital Q3 report, detailing key milestones and future directions that you won’t want to miss.
These advancements underscore our commitment to improving user experience and expanding our reach in the ever-evolving DeFi space.
WOO strengthens AI strategy with Almanak partnership
WOO, through the Innovation Hub, has partnered with Almanak, a developer of AI tools for financial market analysis. This collaboration aims to integrate AI capabilities into WOO's operations, enhancing decision-making and optimizing trading strategies in DeFi, thereby positioning WOO as a market leader.
WOOFi will leverage Almanak’s AI-driven quantitative strategies to optimize trade execution for developers, traders, and liquidity providers in the competitive DeFi space. Almanak’s AI agent-based tools help users navigate financial markets with improved accuracy and efficiency, supporting both institutional and retail users.
“DeFi is a relatively new market with volatility and unpredictability. This partnership with Almanak is a step toward integrating advanced AI and machine learning technologies, equipping our community with the tools needed to navigate the evolving DeFi landscape. This collaboration also brings WOO closer to leveraging AI for overall market positioning,” said Abby Huang, WOO Innovation Hub Lead.
WOO taps SphereX to innovate in meme-driven blockchain gaming
WOO has partnered with SphereX through the Innovation Hub in a strategic move to leverage the growing appeal of gaming and meme culture, attracting a broader audience to the DeFi space. By integrating gaming elements, this collaboration aims to enhance user engagement and create a more interactive trading experience.
SphereX’s unique order-book perpetual trading model not only adds essential functionalities but also addresses challenges in the DeFi landscape, such as fragmentation and centralization. This partnership positions WOO to capitalize on the increasing interest in GameFi, making decentralized trading more accessible and enjoyable.
WOO Q3 report: Milestones and primer on future directions
We proudly present WOO's Q3 report, a vital document that showcases key advancements across our ecosystem.
Among these achievements, WOO X launched Social Trading, resulting in a 35% increase in user engagement and a 20% reduction in latency. Our new CounterTrading feature further enhances user experience by allowing participants to bet against Lead Traders’ portfolios. Additionally, WOOFi has distributed $1.14 million in USDC rewards, reflecting a 14.2% increase in staking driven by our engaging gamified features. In a commitment to transparency and decentralized governance, we locked 300 million tokens, aiming for a sub-5% inflation rate by year-end. The Innovation Hub has also established 12 partnerships, advancing blockchain scalability and enabling the tokenization of Real-World Assets.
"Building on this momentum, we have lined up unique products, events, and partnerships to foster community growth across Asia for the remainder of this year and into 2025," said Willy Chuang, COO. Read the full report for more details!
Bloomberg speaks with WOO Exec on memecoins
Our VP of Ecosystem, Ben Yorke, shared insights with Bloomberg's Muyao Shen regarding the true creator of Bitcoin and the upcoming HBO documentary, Money Electric: The Bitcoin Mystery. Yorke emphasized that the discussion extends beyond Satoshi Nakamoto's identity, focusing on the essence of decentralization itself. He noted, “Memecoins are acting like decentralized prediction markets,” which creates a complex landscape for investors.
Avalanche BOOST incentives for WOOFi Users
WOOFi users can now participate in Avalanche BOOST incentives, earning a share of 10,000 sAVAX over the next 12 weeks. Rewards are available by depositing into any of WOOFi's vaults on Avalanche or participating in the crosschain carousel: Avalanche edition. Since the start of these incentives, WOOFi’s total value locked (TVL) has already quadrupled.
https://x.com/_WOOFi/status/1843249758858596383
WOOFi cross-chain carousel featuring LFJ
This week, the WOOFi crosschain carousel features LFJ. Participants can split a $5,000 sAVAX pool by cross-chain swapping into JOE on Avalanche with WOOFi before Monday, October 21st, at 00:00 UTC. The more volume you swap, the bigger your share of the rewards.
https://x.com/LFJ_gg/status/1846097309760737433
WOOFi launches USDT Supercharger Vault on Mantle
Above: DEXs volume on Mantle increase
WOOFi has launched a new USDT Supercharger vault on Mantle, providing bonus MNT rewards! At the time of writing, the annual percentage rate (APR) is 22%.
https://x.com/_WOOFi/status/1846793949199192378
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