Wombat Exchange, the next-generation stable swap exchange, proudly announced its launch on Arbitrum One, the leading Ethereum layer-2 network. This launch will take place on 5 April 2023 at 6 am UTC.
The new venture of Wombat Exchange intends to increase accessibility, efficiency, and scalability in the multichain territory. The association of Wombat Exchange and the Arbitrum blockchain shares a common vision and will work together to provide an exceptional stablecoin swapping experience to all Arbinauts. These stablecoins can now be swapped with minimum slippage and offer single-sided liquidity.
Wombat is bringing the entire Wombat ecosystem with the multichain expansion that includes the platforms like Quoll Finance, Wombex Finance, and Magpie XYZ to Arbitrum. This force will contribute to adding liquidity pools and creating new opportunities for users. The users can now stake their assets in exchange for rewards. Furthermore, this move marks an essential step of innovation within the world of DeFi.
Wombat’s move to deploy on Arbitrum demonstrates a thrilling step taken to revolutionize the DeFi world. The Wombat Exchange community is excited to make themselves a leading multichain stable swap. They promise to deliver a seamless stable swap experience to their customers so that they can select Wombat Exchange as their favorite DeFi platform.