WOOFi
ValidatedDeFi
Swapping
WOO$0.18149-0.67% ↓
One DEX to rule all chains ⛓️
- 1221 Followers1221 Followers
- 296 Likes296 Likes
About WOOFi
👑 Trade and earn like royalty with unmatched execution, cross-chain swaps, and single-sided yields.
WOOFi is part of the larger WOO Network, which was developed to provide deep liquidity and a seamless trading experience across both centralized and decentralized platforms. The mission of WOOFi is to bring efficient and cost-effective trading to the DeFi space by leveraging the liquidity of the entire WOO ecosystem. The project is designed for traders, liquidity providers, and crypto enthusiasts who seek to maximize their earnings through advanced trading tools and high liquidity.
The WOOFi platform distinguishes itself by offering low fees, deep liquidity, and a user-friendly interface, making it accessible to both new and experienced traders. As part of the WOO Network, WOOFi benefits from the backing of a robust and growing community, as well as the technological advancements provided by the network's developers. The project is continuously evolving, with new features and improvements being rolled out to enhance the user experience and expand the platform's capabilities.
Overall, WOOFi is significant in the cryptocurrency industry because it addresses the challenges of liquidity fragmentation, high fees, and complex interfaces that are often associated with decentralized exchanges. By providing a more integrated and user-friendly trading experience, WOOFi aims to attract a broader audience to the DeFi space and contribute to the overall growth of the cryptocurrency market.
WOOFi Magic Store Validation Score
See Results ››Validation Score
4.9Validation Date: -
- La Trung ChinhYes
- La Trung ChinhYes
- La Trung ChinhYes
- Wdn01Yes
- La Trung ChinhYes
- La Trung ChinhYes
- La Trung ChinhYes
- La Trung ChinhYes
- La Trung ChinhYes
- princeYes
- HadiqaYes
- La Trung ChinhYes
- La Trung ChinhYes
- MargarettYes
- La Trung ChinhYes
- La Trung ChinhYes
- Spike11Yes
- Ahasan AhamedYes
- La Trung ChinhYes
- La Trung ChinhYes
WOOFi Review Score by Real Users
- 261
- 85
- 9
- 1
- 0
WOO Token Price Chart (Real Time)
Token Statistics
- Market Cap$331,211,041.00
- Volume$15,176,184.00
- Circulating Supply1,829,742,708.489
- Max Supply2,225,501,669.037
- FDMC$402,849,385
About WOO Network Token
The WOO token serves as the core utility token within the WOOFi ecosystem, driving various functionalities that benefit users. One of the primary uses of WOO tokens is staking. Users who stake their WOO tokens can earn rewards from the platform's revenue streams, which include 80% of the fees generated from swaps and perpetual futures trading. These rewards can be claimed in USDC or automatically compounded into additional WOO tokens, providing flexibility in how users grow their holdings.
In addition to staking, the WOO token is integral to the platform's governance. Token holders have the power to participate in governance decisions, allowing them to vote on proposals and shape the future direction of the platform. This democratic approach ensures that the platform evolves in alignment with the community’s interests. Furthermore, WOO tokens are utilized in WOOFi’s Supercharger vaults, where users can lend their assets to the liquidity manager and earn high single-sided yields without exposure to impermanent loss.
The WOO token also boasts extensive cross-chain utility, being supported across multiple blockchain networks such as Ethereum, Arbitrum, Optimism, and others. This cross-chain compatibility enhances the token's usability and accessibility, allowing users to engage with the WOOFi ecosystem from various blockchain environments. As a testament to its value within the DeFi space, the platform has distributed over $4.2 million in protocol fees to stakers, demonstrating the tangible benefits of participating in the WOOFi ecosystem.
Moreover, the WOO token facilitates participation in WOOFi’s staking program, where users can stake WOO tokens to gain access to exclusive features and additional benefits. This includes reduced fees, higher yields, and other platform-specific advantages, making the WOO token a key asset for maximizing engagement within the ecosystem. With ongoing developments and a strong community backing, the WOO token continues to solidify its position as a crucial component of WOOFi's decentralized financial infrastructure.
For further information on how to utilize the WOO token, including detailed guides on staking, governance participation, and more, visit the official WOOFi documentation.
WOOFi Magic Store Trust Score
- Audit Score
- 1No. Of. Audits
- HighScore
- Security Validators Score
- 13.06.2023Validation Date
WOOFi User Trust Reviews
WOOFi FAQ
WOOFi leverages the liquidity of the entire WOO Network, integrating both centralized and decentralized liquidity pools. This unique approach minimizes slippage and ensures that large trades can be executed efficiently.
Staking WOO tokens on WOOFi provides you with multiple benefits, including earning a share of platform fees, access to exclusive features, and participation in governance. The more WOO you stake, the higher your potential rewards.
WOOFi is closely integrated with WOO X, a centralized exchange within the WOO Network. This integration allows users to effortlessly switch between decentralized and centralized trading environments, offering greater flexibility and a unified user experience.
Yes, WOOFi offers perpetual contracts that allow you to trade with leverage. This feature is designed for more advanced traders, enabling them to amplify their potential returns. However, it's important to understand the risks associated with leveraged trading.
WOOFi differentiates itself by offering deep liquidity sourced from the entire WOO Network, low fees, and an intuitive interface. Additionally, its integration with WOO X provides a unique cross-platform experience that is not commonly found in other decentralized exchanges.
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