Wombat
Wombat Exchange | Cross-Chain Token Swap
Founded 2021 · $5.3M raised
- Employees
- 1–10
- Founded
- 2021
- Business Model
- Marketplace
- Website
- wombat.exchange
- Total Funding
- $5.3M
- Last Round
- $5.3M Series AMar 2022
- Rounds
- 1
About
Wombat Exchange is a multichain and cross-chain single-sided decentralized exchange for stablecoins, backed by Binance Labs, Animoca, Shima, and Jump Crypto. Using a coverage-ratio-based stableswap model, users can swap stablecoins at low slippage and earn yield through single-sided staking pools. The protocol is designed to raise capital utilization, reduce impermanent loss, and provide single-token LP tokens that other DeFi lending and trading platforms can build on.
Summary
Wombat is a Crypto & Web3 company, founded in 2021. It has raised $5.3M in total across 1 round, most recently a $5.3M Series A round in Mar 2022. Investors include Animoca Brands, GSR and Unanimous Capital.
Tech & App Stack
5 technologies & apps tracked
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Funding History
Mar 2022
Investors
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