Bidya logo
  Crypto Coin Prices and News  

WOO Price   

Cap | Volume | High | Low | Old | New | Rare | Vs | Blockchains | Exchanges | Market | News | Dev News | Search | Watchlist
WOO

Wootrade Network  

#WOO

WOO Price:
$0.15
Volume:
$10.9 M
All Time High:
$1.78
Market Cap:
$0.2 B


Circulating Supply:
1,151,881,335
Exchanges:
21
Total Supply:
2,964,603,373
Markets:
30
Max Supply:
3,000,000,000
Pairs:
14



  WOO PRICE


The price of #WOO today is $0.15 USD.

The lowest WOO price for this period was $0, the highest was $0.145, and the current live price for one WOO coin is $0.14506.

The all-time high WOO coin price was $1.78.

Use our custom price calculator to see the hypothetical price of WOO with market cap of ETH or other crypto coins.


  WOO OVERVIEW


The code for Wootrade Network is #WOO.

Wootrade Network is 1.8 years old.


  WOO MARKET CAP


The current market capitalization for Wootrade Network is $167,096,111.

Wootrade Network is ranked #166 out of all coins, by market cap (and other factors).


  WOO VOLUME


There is a large daily trading volume on #WOO.

Today's 24-hour trading volume across all exchanges for Wootrade Network is $10,896,579.


  WOO SUPPLY


The circulating supply of WOO is 1,151,881,335 coins, which is 38% of the maximum coin supply.


  WOO EXCHANGES


WOO is available on several crypto currency exchanges.

View #WOO trading pairs and crypto exchanges that currently support #WOO purchase.


  WOO RESOURCES


Websitewoo.network
TwitterwootraderS
Telegramwoonetwork


  WOO DEVELOPER NEWS



What’s next after the Ethereum Merge

Vitalik Buterin reminded node operators to update their clients before Sept 6th, ahead of the Ethereum Merge that is expected to come between the 10th and 20th of the month. The Merge is just one part of the “deep changes” that the founder has lined up. In a tweet, Buterin said “Reminder: even though the merge is coming around Sep 10–20, the beacon chain hard fork is on Sep 6. Make sure to update your clients before then!” The Bellatrix upgrade is scheduled for epoch 144896 on the Beacon Chain on September 6th, while the TTD value triggering The Merge is expected between September 10th and 20th. After the Ethereum Merge, there would be many more upgrades to the network: the surge, the verge, the purge, and a splurge, Buterin said in a report from decrypt. After the Merge comes the Surge, reports decrypt. It refers to the addition of Ethereum sharding, a scaling solution that could further enable cheap layer-2 blockchains, lower the cost of rollups or bundled transactions, and make it easier for users to operate nodes that secure the Ethereum network, the report said. — Why You Should be Watching the Ethereum Merge Closely. — Traders could expect continued momentum in the Ethereum ecosystem with opportunities to invest and trade, as the merge with the Beacon Chain shows no signs of delay. Cointelegraph reported that the Goerli testnet merge has been finalized without any major issues. After several consecutive successes across testnets, the market is pricing in the Merge by mid-September. We spoke with our VP of Ecosystem , Mitchell Nicholson to discuss how traders and investors could benefit from this recent development. For starters, he highlighted that the successful testnet merges, most recently the Goerli, reduces the technology risks and uncertainty. “The Merge will enable more momentum in the Ethereum ecosystem, with good opportunities to invest and trade. For example, the LDO has seen significant volume growth since Lido is the largest liquid staking provider. Another project gaining traction is Optimism, which is the leading roll-up scaling solution with a liquid token launched. Similarly, activity in the Arbitrum ecosystem has grown with projects like GMX and Dopex. Most notably, the leading DEX Uniswapis considering turning on a fee switch that would provide fees to UNI token holders,” Nicholson explained. “In my view, many investors and traders will continue to transition their interest back to the Ethereum ecosystem from Alternative Layer 1s” Nicholson noted. — Sustainable tokenomics. — Nicholson also said a successful Merge will result in more sustainable tokenomics for ETH with less inflation since token compensation to validators will be lower than miners. Combined with burns driven by network usage from EIP-1559, net issuance of ETH could converge to zero and become deflationary in the long-run. He said the Merge could also be good for institutional investors who have an ESG mandate, as it is expected to result in drastically-reduced carbon emissions. While miners consume a substantial amount of power during operations, the footprint from validators will be significantly lower as evidenced by other POS blockchains like Solana and Avalanche. Before joining WOO, Nicholson held positions as an Economist at the Bank of Canada and a Manager in the Cryptoasset and Blockchain Practice at KPMG Canada. — Stay tuned for all of WOO Network’s exciting developments!. — Socials: cuda.io, Website: woo.org, Telegram Announcements: t.me, Medium: medium.com, The content above is neither a recommendation for investment and trading strategies nor does it constitute an offer, solicitation, or recommendation of any product or service. The content is for informational sharing purposes only. Anyone who makes or changes the investment decision based on the content shall undertake the result or loss by himself/herself. What’s next after the Ethereum Merge was originally published in WOO Network on Medium, where people are continuing the conversation by highlighting and responding to this story.




Win WOOFi’s new BSC Supercharger NFT

The next installment in the WOOFi Wizard NFT series is here, and we’re stepping it up a gear, by giving you the chance to win this exclusive BSC Supercharger NFT!. — — Bringing you up to speed. — WOOFi has set a precedent for pioneering products that sit at the cutting edge of DeFi innovation, and to showcase this we recently launched a limited-edition series of WOOFi NFTs, starting with the Polygon adventurer! More than 3000 of you have shown up and tested WOOFi’s cross-chain swap feature to earn yourselves an exclusive NFT, powered by the one and only Project Galaxy. But WOOFi innovation doesn’t sleep, and that means more game-changing products, and more NFTs… — How to win the BSC Supercharger NFT. — To showcase just how ‘ex-static’ we are about the release of WOOFi’s new Supercharger vault, a single-sided staking solution with *no* impermanent loss, we’re giving you the chance to earn a mean NFT that’s easy as 1, 2, 3! ‘Charge’ over to fi.woo.org and connect your wallet to BNB Chain., 2. Select the BNB Supercharger vault, and deposit at least 0.1 BNB to start ‘amping’ up your earnings with zero impermanent loss. 3. Once you’ve completed the above steps, head over to our campaign page where you’ll be able to claim your very own BSC Supercharger NFT. Campaign period: 00:00 UTC August 9th until further notice. Already deposited 0.1 BNB or more into the Supercharger vault before this announcement? Congrats, you’re ahead of the game! Simply take a bow, and claim your NFT now. To learn more about how the Supercharger vault works, including details of withdrawals and the settlement cycle, check out our docs. — Whispers of a WOOFi Wizard NFT. — Any user who collects the BSC Supercharger NFT alongside the other NFTs in this series will qualify for a very special WOOFi Wizard NFT, reserved only for those who have demonstrated complete mastery of all WOOFi’s magical features. Graduates from WOOFi’s school of wizardry will also receive an exclusive role within the WOO Network Discord, and potentially some other exciting rewards in the future! What are you waiting for? Be on your way, and start becoming a WOOFi wizard today! — Stay tuned for all of WOO Network’s exciting developments!. — Socials: cuda.io, Website: woo.org, Telegram Announcements: t.me, Medium: medium.com, The content above is neither a recommendation for investment and trading strategies nor does it constitute an offer, solicitation, or recommendation of any product or service. The content is for informational sharing purposes only. Anyone who makes or changes the investment decision based on the content shall undertake the result or loss by himself/herself. Win WOOFi’s new BSC Supercharger NFT was originally published in WOO Network on Medium, where people are continuing the conversation by highlighting and responding to this story.




WOOFi’s new Supercharger vaults unlock institutional yield opportunities to DeFi stakers

Now anyone can deposit single-sided BNB and earn best-in-class yield by leveraging WOOFi’s capital-efficient sPMM liquidity. — WOOFi Earn is bringing you the next generation of “set-and-forget” earning strategies with the release of its very first Supercharger vault. — A single-sided staking solution - Earning yield in DeFi can be painstaking to say the least, and nowhere better is this exemplified than in typical two-sided automated market maker (AMM) liquidity pools. Not only are they inflexible, forcing the LP to maintain equal exposure to two separate assets (which they may not want to), they also subject the LP to risk of impermanent loss. Introducing the Supercharger vault, a single-sided staking solution which serves to remove these constraints by allowing the user to deposit just a single token and earn yield, without any form of compromise. DeFi yield farming shouldn’t have to be full of hassle and hurdles, and the Supercharger vault is here to demonstrate just that. — The science behind the Supercharger - Simply put, the Supercharger vault does that which AMM pools can’t, accruing yield from two separate sources: liquidity provision and external yield farming. The external yield farming generates a base APY on the deposited funds, and this typically entails a low-risk auto-compounding strategy such as lending. In addition, the WOOFi liquidity provider (i.e.Kronos Research) may then borrow up to 90% of the assets within the vault at a fixed rate to provide liquidity on WOOFi. Due to the difference in risk profile, the loan can provide even higher return for depositors. With this combination of strategies, users get to earn yield with professional market makers all while maximizing capital efficiency and supercharging WOOFi’s liquidity. The best part? There’s no impermanent loss. The WOOFi LP mitigates this risk by hedging their exposure on WOO X, ensuring that there are always enough funds for users to withdraw upon request. All of this takes place over a 7-day settlement cycle that restarts after a 24-hour settlement at the end of each week. — What can be deposited? - The very first WOOFi Supercharger vault is live on BNB Chain, and supports single-sided BNB only. Moving forward, the deployment of more Supercharger vaults will allow WOOFi to scale across more assets and chains, until WOOFi users are able to earn competitive and low-risk yield on any asset of their choosing. — How do withdrawals work? - Users can request to withdraw their deposited BNB with no fee or limit (except when the vault is under settlement) and may withdraw once the settlement is complete. 10% of the TVL will be set aside each week for instant withdrawals, though a 0.3% withdrawal fee will be charged to prevent abuse of this system. — What are the risks? - Your security is our absolute priority, which is why we’ve adopted a belt and braces approach to mitigate risk of stolen funds. When the loan is initiated to the LP (Kronos Research), funds can only be withdrawn to the WOOFi liquidity pool smart contract, and any withdrawals from the liquidity pool must be approved by a MultiSig wallet. For peace of mind, these contracts have been fully audited by CertiK, and the strategy behind WOOFi’s Synthetic Proactive Market Making (sPMM) has been rigorously battle-tested. — Stay tuned for all of WOO Network’s exciting developments! - Socials: cuda.io, Website: woo.org, Telegram Announcements: t.me, Medium: medium.com, The content above is neither a recommendation for investment and trading strategies nor does it constitute an offer, solicitation, or recommendation of any product or service. The content is for informational sharing purposes only. Anyone who makes or changes the investment decision based on the content shall undertake the result or loss by himself/herself. WOOFi’s new Supercharger vaults unlock institutional yield opportunities to DeFi stakers was originally published in WOO Network on Medium, where people are continuing the conversation by highlighting and responding to this story.




WOO X has integrated with Ramp — allowing support for more fiat-to-crypto payments

WOO X has integrated with Ramp — allowing support for more fiat-to-crypto payments - — Zero-fee trading just became even more accessible, as WOO X traders now have access to a plethora of ways to buy cryptocurrency. — WOO X is removing barriers to entry for zero-fee trading by integrating with third-party payment widget Ramp, to facilitate fast, secure, and frictionless fiat-to-crypto payments. — Paving the way for mass adoption of zero-fee trading - One of the fiercest challenges facing the mass adoption of zero-fee trading has been a lack of accessibility…until today. By integrating with Ramp, WOO X will open its doors to a swathe of new fiat-to-crypto payment methods including ApplePay, SEPA Bank Transfer, Bank Transfer, Faster Payment (FPS), and Revolut. With this update, more users will be able to buy cryptocurrency quickly and securely without needing to leave WOO X. Convenience is a core component of the WOO X user onboarding experience, and Ramp is set to deliver just that by closing the gap between conventional financial systems and the world of digital currencies. — Why Ramp? - Ramp is spearheading the adoption of Web3 by providing businesses with an easy-to-use and fully-trustable payments solution. Featuring smart KYC, multiple payment methods, and global coverage, Ramp is able to drastically reduce onboarding times for end users while remaining compliant. Now integrated with more than 400 tech entities including industry leaders such as Axie Infinity, Ledger, and Trust Wallet, it’s easy to see why Ramp was the obvious choice for WOO X. — Who can use Ramp? - This service will be available to any WOO X users of at least KYC level 2 who are not in our current list of unsupported countries. Simply head over to the Buy Crypto tab, and exchange either EUR, USD or GBP for USDT which will then be deposited into your WOO X account shortly. For conversion tutorials and further details about fees and limits, please visit the WOO X Support Center. — About Ramp - Ramp is building the payment rails to make Web3 a reality and to bring about the internet of value. We help businesses implement a payments solution that removes complexity, increases trust, and reduces friction for customers moving between crypto and fiat. Instant integration: one simple SDK, no signature needed to get started, Smart KYC: Ramp uses Open Banking and other data to make KYC invisible, Seamless UX: works from within partner apps, Fully compliant: registered with both FINCEN (U.S.) and FCA (U.K.), Multiple payment methods: accept credit/debit cards, bank transfers, Apple Pay, and more, Global coverage: supported in 170+ countries, Founded in 2018, Ramp is trusted by 400+ businesses including industry leaders like Axie Infinity, Brave Browser, DeFi Kingdoms, GameStop, Ledger, Loopring, Opera Browser, Sorare and Trust Wallet. — Stay tuned for all WOO Network’s exciting developments! - Socials: linktr.ee, Website: woo.org, Telegram Announcements: t.me, Medium: medium.com, The content above is neither a recommendation for investment and trading strategies nor does it constitute an offer, solicitation, or recommendation of any product or service. The content is for informational sharing purposes only. Anyone who makes or changes the investment decision based on the content shall undertake the result or loss by himself/herself. WOO X has integrated with Ramp — allowing support for more fiat-to-crypto payments was originally published in WOO Network on Medium, where people are continuing the conversation by highlighting and responding to this story.




WOOFi Presents Polygon Adventurer NFT!

The launch of an exciting new NFT to help showcase the new cross-chain capabilities of WOOFi.. — — WOO Network doing NFTs — What is this?! - Today we’ll be announcing Polygon Adventurer, a new NFT campaign showcasing to DeFi users the new features we’ve implemented on WOOFi. This will be the first opportunity where users can perform certain actions in order to receive a WOOFi themed NFT! The campaign will be done with the help of Project Galaxy, a data network that empowers developers to build better products and communities with on-chain credentials. You check out this campaign for yourself by taking a visit to their site here! Let’s go over the details shall we? — How to get your NFT(s). — Use WOOFi’s cross-chain swap feature to swap any asset from one chain (Avalanche, BNB Chain, or Fantom) to $WOO on Polygon. One of our lovely WOO Force members made a demonstration on how to perform cross-chain swaps here., 2. Stake any amount of $WOO in WOOFi on Polygon. 3. Each campaign will last a week — users who perform the above actions within that time period will receive 1 NFT. Campaign period: Transactions after 0:00 UTC July 21 until further notice. 4. As WOOFi embraces its multi-chain culture, there will be more opportunities to earn WOOFi NFTs on other layer ones as the product develops. At the end of the series, users who have collected all of WOOFi NFTs will be able to claim a special WOOFi Wizard NFT which will grant you a special role in our Discord. Hint: There could be gifts or rewards for WOOFi Wizards in the future That’s it! Simply just perform a cross-chain swap for WOO on Polygon, and stake your $WOO on Polygon. After the campaign finishes up, you’ll be able to claim your Polygon Adventurer NFT on the campaign page. You can also check our docs to learn more about WOOFi. We are very excited about WOOFi’s new cross-chain capabilities enabled by Layer Zero, as well as our newfound partnership with Polygon. Hopefully you (our lovely reader) will share some of that excitement and give it a try for yourself! Stay tuned for the next announcement in this campaign too! — Stay tuned for all WOO Network’s exciting developments! - Socials: linktr.ee, Website: woo.org, Telegram Announcements: t.me, Medium: medium.com, The content above is neither a recommendation for investment and trading strategies nor does it constitute an offer, solicitation, or recommendation of any product or service. The content is for informational sharing purposes only. Anyone who makes or changes the investment decision based on the content shall undertake the result or loss by himself/herself. WOOFi Presents Polygon Adventurer NFT! was originally published in WOO Network on Medium, where people are continuing the conversation by highlighting and responding to this story.




Understanding WOO Network: Q2 2022 Report

Themes, statistics, and analysis from the second quarter of 2022. — * All statistics in this report are accurate as of July 5th, 2022. WOO Network has remained steadfast in building out its product suite and expanding its ecosystem throughout Q2, despite broader market conditions deteriorating. This report outlines progress on WOO X and WOOFi products, growth across WOO DAO and the community, and highlights the announcement around our newest product, WOO DEX. Looking back on Q2, it has been a tumultuous quarter for crypto-assets and broader markets like stocks and bonds. Alongside volatility in crypto, many large tech stocks have traded like shitcoins and are down more than 50% year-to-date. The most salient headwinds facing risk markets are high inflation and commodities prices, geopolitical tension, and extensive monetary tightening globally. In the crypto market, we’ve had our fair share of market tension and volatility, with yields collapsing, volumes declining, the quantity and size of venture deals shrinking, employee headcount at top companies reducing, and most notably, prices trending downwards significantly. Additionally, several major lenders and exchanges have experienced difficulties, with some halting withdrawals or even entering bankruptcy. These events have created the contagion, where other major players in the crypto space are experiencing distress, and users’ faith in companies is being tested. WOO Network’s vast experience and stringent risk management practices left the company unscathed, solidifying its status as a proven and reputable venue for trading. More importantly, WOO Network has strengthened its position among exchanges throughout these past three months by continuing to build its suite of products and services. Despite the market turmoil, our volumes have remained strong, driven by many product improvements across WOO X and WOOFi. Importantly, security on the network has remained a top priority as our systems remained impervious throughout the quarter.Figure: WOO Network monthly trading volume — Working Towards Mass Adoption - In the Q1 2022 report, we outlined the three stages of growth for WOO Network. Earlier this year, we completed the first stage of building more efficient market infrastructure with our zero-fee spot and futures trading platform, as well as WOO X mobile application. Currently, WOO Network is working on Stage 2, Optimizations and Mass Adoption, and towards Stage 3: Reaching Wootopia. In order to work towards mass adoption, WOO X is focused on enhancing its product suite, improving the user experience through shorter onboarding times, more localized languages, adding fiat on and off-ramps, and marketing more aggressively to a global audience. With these objectives in mind, some major WOO X updates from Q2 include: 6 new spot listings and 20 new perp listings, including WOO, SNX, AAVE, APE, CRV, GMT, FTT, and TRX, Ladder trading order entry enabling scalpers and other high-frequency manual traders to better observe liquidity and enter positions with ease, First fiat on-ramp with Mercuryo with more fiat solutions in the pipeline, Many new local languages are now supported on WOO X desktop and mobile, including Spanish, Vietnamese, Indonesian, Thai, Turkish, Russian, Portuguese, and Ukrainian, Increased chain support, with USDT on Avalanche C-Chain and USDC on Polygon, and expanded custodial support by connecting to Fireblocks, New PNL sharing cards featuring memes, Integration with Discord ID to register for voting in WOO DAO directly on WOO X, Additionally, the WOO Network saw broad ecosystem growth throughout Q2 with initiatives like: WOO token being listed on major exchanges Crypto.com and Binance Futures, as well as global platforms like WazirX in India, Indodax in Indonesia, and Bitvavo in the Netherlands, Partnership with the HBAR foundation to improve HBAR’s liquidity across the WOO Network, Further expansion in DeFi with the WOO token tracked on DeBank, more WOO/USD price feeds enabled by Chainlink, and WOO perps listed on ApolloX, Partnerships with Ref.Finance with WOO/NEAR liquidity, portfolio manager on TrueFi, and WOO FNFTs launched with Binance NFT and Solv Protocol, all of which were led by WOO DAO and its core contributors, — Explosive Growth for WOOFi - WOOFi had a banner quarter in Q2, led by many product launches and partnerships formed. Despite declining volumes across DeFi, WOOFi has surpassed $1B in total volume with over two-thirds occurring in Q2. Other Q2 milestones for WOOFi include: Swap, Earn and Stake applications launched on Fantom and Polygon, Integrations with many top DEX aggregators across all four networks, including ParaSwap, Firebird, and YieldYak, Launched the Broker program, which further incentivizes aggregators to route volume to WOOFi, Multichain product launched in partnership with LayerZero’s Stargate, which enables users to seamlessly swap native tokens from chain to chain in one click (i.e. selling AVAX on Avalanche for BNB on BNB Chain in a single transaction), Earn vaults expanded, including WOO/BNB, BTC/BNB, and ETH/BNB on BNB Chain and JOE on Avalanche, — A New Dimension of the WOO Network - Throughout Q2, WOOFi didn’t take up the entire DEX spotlight for WOO Network, as we unveiled WOO DEX. Whereas WOOFi is a capital-efficient swap similar to Uniswap, WOO DEX is an order book-based DEX similar to WOO X or any other CeFi trading platform replicated on-chain. This novel product will enable more advanced trading features and broaden user access to the WOO Network. WOO DEX is powered by the Orderly Network, which was incubated by the NEAR Foundation and WOO Network. Currently, WOO DEX is live on testnet with NEAR/USDC, WOO/USDC, ETH/USDC, and AURORA/USDC pairs. Look out for more product updates for WOO DEX throughout Q3 and beyond! — Our Inclusive Community Continues to Expand - Beyond the global efforts at WOO Network and partnerships with organizations spread around the world, WOO DAO has grown significantly throughout Q2. Some major achievements include: Establishing the Core Contributor compensation program to recognize the efforts of many active community members, WOO Ventures investing in Utopia Labs Series A with involvement from WOO DAO’s treasury committee, Launching the Sticker Pack competition, which created many iconic memes loved by the community, Collaborating with InternDAO to obtain advisory support on treasury management, WOO DAO being nominated as one of the multisig members for BancorDAO, Forming partnerships with Ref.Finance, TrueFi, Solv Protocol, Creating the WOO Force bounty committee and launching the WOO Force blog, Empowering core contributors to build the woostats.io dashboard to track WOO Network activity and WOO DAO’s treasury, — The WOO Token - The WOO Token remains at the center of this whirlwind of growth for the WOO Network. Some key statistics and information are: The circulating supply is 1.07b which accounts for 34% of the 2.97b total supply. The market capitalization ended Q2 at $193m, There are over 26.7k unique on-chain addresses spanning the Ethereum, BNB Chain, Avalanche, Polygon, Fantom, NEAR, Aurora, and HECO networks. This on-chain user base increased 7.7% from the previous quarter. Interestingly, BNB Chain addresses comprise 41% of total addresses, just 2% shy of the 43% held by Ethereum. This growth is likely driven by our ongoing partnerships with Binance and the success of WOOFi on BNB Chain, In CeFi, the largest markets by WOO holdings are WOO X (~300M WOO), Binance (~75M WOO), KuCoin(~28M WOO), Huobi (~27M WOO) OKEx (~14M WOO), and Gate (~6M WOO). WOO holdings on WOO X, Binance, and Huobi all increased this quarter, which demonstrates increasing adoption from CeFi traders, Over 432M WOO tokens are currently staked across retail and institutional staking on WOO X and WOOFi, which represents a 40% increase from Q4. There are 4,738 retail users with at least 1,800 WOO staked on WOO X, The circulating supply increased by 60.9m WOO this quarter, with nearly half claimed by seed investors. Currently, the seed wallet contains just 51.5M remaining WOO with the vesting set to complete this fall. The remaining increase was due to ecosystem and staking rewards, marketing initiatives, team, and equity investor vesting, and WOO Ventures investments, Regarding the WOO token burns, April was 3,057,636, May was 7,478,848, and 5,360,089 in June. These burns have culminated in 29.7m in total burned with 15.9m in Q2 2022 alone. The burns come from a number of sources, including WOO X revenue, matching trade-to-earn rebates for clients from ecosystem rewards, and instant unstaking fees on WOO X. Moreover, revenue from WOOFi swap fees has also been used to buy back over 750,000 WOO since its inception. These revenue sources have continued to grow despite poor market conditions, which exemplifies that WOO Network’s core businesses have remained resilient. — Legal, Compliance, and People - WOO Network continues to prioritize regulatory compliance by getting VASP registration and licenses in Poland, Taiwan, some EU member states, and other jurisdictions with favorable regulatory regimes for cryptoassets. Furthermore, we’re working with vendors to ensure compliance with the Travel Rule, which requires that the full set of originator information travel with the cryptoasset transfer under the Transfer of Funds Regulation. WOO Network continues to experience strong organizational growth, with headcount growing over 30% from Q1 to Q2. WOO Network now has over 170 employees across 18 different countries. Currently, WOO Network has over 60 open positions and will continue to hire top talent despite other crypto companies reducing their headcount. — Stay tuned for all WOO Network’s exciting developments! - Socials: linktr.ee, Website: woo.org, Telegram Announcements: t.me, Medium: medium.com, The content above is neither a recommendation for investment and trading strategies nor does it constitute an offer, solicitation, or recommendation of any product or service. The content is for informational sharing purposes only. Anyone who makes or changes the investment decision based on the content shall undertake the result or loss by himself/herself. Understanding WOO Network: Q2 2022 Report was originally published in WOO Network on Medium, where people are continuing the conversation by highlighting and responding to this story.




WOO X lists Tether Gold — but what is XAUt all about?

WOO X lists Tether Gold — but what is XAUt all about? - — Now you can be a gold bug, without leaving your favorite trading platform. — — WOO X lists Tether Gold - $XAUT is now listed on WOO X! This means you, our lovely #Woorior can be a gold bug yourself, while still remaining on your favorite trading platform. Just in case you need some (tokenized) gold to weather the bear! — Bitcoin + Gold Correlation - Since the origins of Bitcoin, there have been comparisons to gold. Bitcoin has taken on many forms over its lifetime, however, it is repeatedly referred to as “digital gold” because of the sound money principles it adheres to. For a brief history lesson on this subject matter, gold has commonly been known as “hard money”. The distinction between “hard” metal coins and “soft” paper (or fiat) money was because they were solid, metallic, physical tokens with intrinsic economic value independent of their monetary status. Fiat money was at one point backed by, or could be exchanged for gold. However, in 1971 Richard Nixon undertook a series of economic measures called the Nixon shock, which took the US Dollar off the gold standard. Even today gold is held by central banks to support the value of their respective currencies. One narrative sold for BTC over the last few years was that it could be used as an “inflation hedge” similar to its physical counterpart. Some would also call this sort of thing a “safe haven asset”. That has certainly not proven to be the case in 2022, in a year with inflation at historical highs. Unfortunately, in the eyes of Wall Street, Bitcoin and other crypto-based investments have mostly been seen as similar to high beta tech stocks as opposed to an inflation hedge. However, gold on the other hand has a proven historical track record of performing against inflation. You can see here that at the beginning of the 2020 bull market, the Bitcoin vs Gold price had a sharp incline. However in the recent 6–8 months since the end of 2021, the price has declined as a result of the recent bear market. To add to this point, at the Sohn 2022 conference, Stanley Druckenmiller, one of the most famous hedge fund managers of all time said the following two statements:“If it’s in a bull phase, you want to own Bitcoin. If it’s in a bear phase for other assets, you want to own gold”“There certainly seems to be a strong correlation between crypto and the Nasdaq” It is no secret that crypto and the S&P have been tightly bound to one another for quite some time. However, it’s important to note that in the context of that statement, while still obviously comparing the two assets, Bitcoin is viewed as more “risk-on” whereas gold is viewed as more “risk-off”. — What is Tether Gold? - Tether Gold (XAUt) is a digital asset offered by TG Commodities Limited. One XAUt token represents one fine troy ounce of gold on a London Good Delivery (LBMA) gold bar. The fractionalization of XAUt tokens is possible up to six decimal places (i.e. in increments as small as 0.000001 fine troy ounce). In simple terms, Tether Gold is a digital, tokenized representation of one ounce of gold. You might not realize it, but Tether Gold is ranked #93 on CoinGecko. At the time of this writing, it has a market cap of 459 million. — How is the gold stored? - According to Tether’s website, Tether Gold will purchase or arrange for the purchase of London Good Delivery gold from a gold dealer in Switzerland, which will then be securely stored by a custodian in a vault in Switzerland. The gold will be held for the benefit of XAUt token holders, not for Tether Gold. The custodian maintains insurance with regard to its business in such amount and on such terms and conditions as it considers appropriate. — Stay tuned for all WOO Network’s exciting developments! - Socials: linktr.ee, Website: woo.org, Telegram Announcements: t.me, Medium: medium.com, The content above is neither a recommendation for investment and trading strategies nor does it constitute an offer, solicitation, or recommendation of any product or service. The content is for informational sharing purposes only. Anyone who makes or changes the investment decision based on the content shall undertake the result or loss by himself/herself. WOO X lists Tether Gold — but what is XAUt all about? was originally published in WOO Network on Medium, where people are continuing the conversation by highlighting and responding to this story.




WOOFi’s cross-chain DeFi platform launches support for Polygon

The capital-efficient swap adds support for its fourth network, aiming to be a universal DeFi tool. — — The ideal multi-chain app - From yield farmers to traders, today’s DeFi users need flexibility and convenience to actively manage their on-chain portfolios. One major pain point involves identifying the best venue for every chain, and relying on a series of bridges and centralized exchanges to get the correct assets there for both trading and paying gas fees. WOOFi solves this by allowing users to trade major assets, such as ETH, BTC, MATIC, USDT, USDC, WOO, FTM, BNB, and AVAX across the different chains, eliminating the need to depend on separate platforms for each network. With almost 1 billion dollars in accumulated volume, WOOFi has proven to be one of the best cross chain liquidity sources with supreme capital efficiency. — WOO Network’s history with Polygon - Polygon was an early mover in the Ethereum-scaling space with its Matic network, allowing users to take advantage of trusted dApps, such as Aave and Opensea, at a fraction of the cost and speed of Layer-one Ethereum. Recognizing this, WOOFi’s early prototypes were launched as proactive marketing making (PMM) pools on Polygon, connecting to DeFi aggregators such as 1inch and DODO. The pools were a success, leading WOO Network to launch a number of other prototypes, including high-performance pricing oracles with Chainlink, on the Polygon network. While there are now many new promising scaling solutions such as rollups, Polygon still stands as the biggest Ethereum scaling platform in terms of number of users and trading volume. In addition, Polygon’s mature infrastructure including oracles, bridge support, and dex aggregators makes it an ideal platform for WOOFi to build on. — WOOFi Swap and Stake on Polygon - WOOFi gives users a powerful set of tools to level up their DeFi experience, starting with the Swap feature. WOOFi Swap has a few innovative distinctions that differentiate it from the endless sea of Uniswap forks: sPMM algorithm: Instead of depending on a simple AMM model for pricing, WOOFi pricing comes from aggregated market data on WOO Network, ensuring traders get the most accurate price available. sPMM also ensures slippage is less likely to impact the price of larger orders, with institutional hedging strategies that protect the pools from impermanent loss. In other words, WOOFi’s sPMM model is a smarter version of the basic AMM, aimed at traders and users who want to get major assets without all the guesswork and risk., Cross-chain powered by LayerZero: The June release of cross-chain swaps leverages Stargate’s composability and liquidity to bridge assets, connecting WOOFi swap pools on different chains. This is an important step in the evolution of DeFi: Now users with assets on BSC, Avalanche, and Fantom can quickly convert those into assets like MATIC or WOO on Polygon. Seeing higher WOO staking APYs on Polygon? Quickly swap over WOO from other networks to maximize your staking returns., Lowest fees: Unlike other AMMs that charge 0.3% or more for swaps, WOOFi does the same for 0.025%. This makes WOOFi ideal for users who want to swap frequently or in large volumes, without worrying about losing funds to compensate liquidity providers suffering from impermanent loss on other protocols., WOOFi Stake on Polygon uses the same formula that has made it such a success on other networks: the fees go to buy back WOO each day, which are then distributed to the WOO stakers on that network. Over 141 million WOO are currently staked on WOOFi, with each new network supporting additional yield for stakers, and adding on-chain demand for WOO tokens. As trading volumes on the network grow, so does the APY, playing an important role in the WOO token ecosystem. — What’s next for WOOFi? - With the Polygon deployment, WOOFi is positioned to gradually increase its market share in the DEX space across many of the most robust blockchain ecosystems. WOOFi will continue to expand to more platforms such as Ethereum layer 2 and support more assets with its own sPMM liquidity. In addition, the WOOFi team is working relentlessly on the new innovative WOOFi Earn vaults which can further support the liquidity of WOOFi and generate even more volume. — Stay tuned for all WOO Network’s exciting developments! - Socials: linktr.ee, Website: woo.org, Telegram Announcements: t.me, Medium: medium.com, The content above is neither a recommendation for investment and trading strategies nor does it constitute an offer, solicitation, or recommendation of any product or service. The content is for informational sharing purposes only. Anyone who makes or changes the investment decision based on the content shall undertake the result or loss by himself/herself. WOOFi’s cross-chain DeFi platform launches support for Polygon was originally published in WOO Network on Medium, where people are continuing the conversation by highlighting and responding to this story.




WOOFi launches cross-chain swaps between Avalanche, Fantom, and BSC

WOOFi will leverage LayerZero’s Stargate to let users swap native tokens from chain to chain in one click. — — Non-stop innovation - WOOFi has long been a trend-setter for active liquidity on chain — aiming for efficiency when others were showing off their bloated TVLs. WOOFi uses an sPMM algorithm and WOO Network’s market pricing data to give users the best price execution, alongside the lowest fees out of any DEX. On Jun 13, 2022,WOOFi hit a record 24hr volume of over $24 million, garnering even more traction despite the struggling market conditions, all with just a fraction of the TVL of competing AMM swaps. — Building a multi-chain app - Many dApps are deployed on multiple blockchain platforms, but only sophisticated users are comfortable with jumping from one chain to another and getting the assets they need. WOOFi aims to build the application layer with unified multi-chain experiences that allow users to easily access various blockchains. To do that, cross-chain, or the ability to trade assets from one blockchain network to another, has long been seen as a missing piece in the DeFi ecosystem. This problem is technical on many levels, as having the ability to swap doesn’t mean the liquidity exists on all chains to facilitate this. WOOFi is perfectly suited for cross-chain as: WOOFi targets major assets, such as BTC, USDC, and ETH, which are found nearly everywhere in the cryptocurrency ecosystem., WOOFi is network agnostic and facilitates users on all-chains, WOOFi specializes in capital efficiency, reducing the amount of capital required, — WOOFi cross-chain swap beta release - With WOOFi’s revolutionary cross-chain swap, you can easily swap assets across BSC, Avalanche, and Fantom with one single click in the same WOOFi swap user interface. All you have to do is select the destination chain and assets you want to swap for. WOOFi will show you the route of this transaction and fees at each step. A cross-chain swap will typically take 30 seconds to a few minutes depending on how fast the confirmation of the bridge and destination chain is. You can easily check the status of the transaction in the notification panel and click to check whether the assets have arrived on the destination chain. There will be a $5,000 swap limit in the beta release to avoid any unexpected errors during the beta. Here are just a few examples of how a cross-chain swap can revolutionize your DeFi experience: Want to get some L1 native coins to pay gas fee but have no assets on that chain? No more bridges or CEX withdrawals needed — simply swap some of your assets onto another chain and the gas token will arrive in the same address on the chain you pick, Want to buy some WOO but the staking APR is higher on another chain? Just choose the chain you want your WOO on and swap it with just one click, This beta release leverages Stargate’s composability and liquidity to bridge assets and connect WOOFi swap pools on different chains. We want to collect more user feedback and analyze user behavior on cross-chain swap transactions. We hope to continue iterating the features and make the cross-chain capability an integral part of WOOFi in the future. We plan to explore various ways to augment cross-chain capability in WOOFi such as aggregating more bridges, leveraging WOOFi’s own liquidity for bridging, and embedding cross-chain capability in other WOOFi features such as Earn and Stake. — Stay tuned for all WOO Network’s exciting developments! - Socials: linktr.ee, Website: woo.org, Telegram Announcements: t.me, Medium: medium.com, The content above is neither a recommendation for investment and trading strategies nor does it constitute an offer, solicitation, or recommendation of any product or service. The content is for informational sharing purposes only. Anyone who makes or changes the investment decision based on the content shall undertake the result or loss by himself/herself. WOOFi launches cross-chain swaps between Avalanche, Fantom, and BSC was originally published in WOO Network on Medium, where people are continuing the conversation by highlighting and responding to this story.




Introducing WOO DEX — a superior centralized trading experience, now decentralized

Introducing WOO DEX — a superior centralized trading experience, now decentralized - — WOO Network is cloning WOO X on chain, forever changing the DeFi trading experience, powered by Orderly Network. — — A game-changing DeFi trading experience - WOO Network is committed to solving the fragmented and expensive liquidity crisis in the crypto space, democratizing access to affordable and deep liquidity with both its centralized and decentralized products. WOO Network is now very excited to announce the testnet launch of WOO DEX — a game-changing DEX built on NEAR that looks and feels like a centralized exchange, but operates on chain, forever changing the decentralized trading experience in crypto. Simply put, WOO DEX sees WOO Network taking its flagship CEX, WOO X, which offers best-in-class liquidity, advanced trading tools, and a customizable interface, and bringing it on-chain. This is all made possible by building on Orderly Network, an exciting new infrastructure layer incubated by WOO Network and NEAR Protocol here. WOO DEX will complement WOO Network’s expansive product offerings, existing alongside its zero or even negative fee CeFi platform (WOO X), WOO X Mobile, as well as alongside WOOFi, the most capital efficient and lowest fee swap in DeFi. Orderly is both a decentralized exchange protocol as well as a modular ecosystem built on top of NEAR. It uses an on-chain order book to provide a platform complete with a risk engine, matching engine, and shared asset pools for dApps to build on top of. This will allow for features such as: Spot Trading, Margin Trading, Perpetual Swaps, Lending and Borrowing, — What makes WOO DEX unique? - Speed and throughput are not traits users expect from a decentralized exchange, but WOO DEX is about to change that by merging the CeFi trading experience with the convenience of DeFi. By moving order book calculations off-chain, WOO DEX can maintain a fast transaction execution time and high rate limits, for both manual and API trading. Utilizing central limit order books in DeFi is something that is still rather nascent. Protocols like Project Serum on Solana tackled this initiative making great strides both architecturally and from a fundamental perspective. Orderly Network is looking to recreate that model and extend on it, via NEAR. This means new decentralized applications can be built to utilize the traditional, centralized order book model. WOO DEX will be the first of these dApps deployed via Orderly’s toolkit. Using WOO DEX will be like using WOO X, a centralized exchange, however it will be on-chain.This means ultimately the user will have self custody, as well as faster user onboarding. Of course you’ll have access to all of your favorite features that you have come to love on WOO X: Professional-grade trading experience, Customizable UI, More types of order entries, Margin/Futures (Coming Q4), In the first phase, WOO DEX will launch with support for spot markets. The trading pairs initially will include BTC, ETH, NEAR, and ecosystem coins like AURORA. During this phase, Kronos Research will be the sole market maker on the platform. For phase two we will be adding other market makers like Alameda and Jump, and adding new trading pairs as well. — Building on NEAR - So, why NEAR? There are a number of thought processes one has to consider when deploying on a particular blockchain. In this instance, NEAR is a desirable chain for a typical order book based model because of its low latency, fast settlement, and low fees. This sort of product can only be built out because of Orderly, and all the characteristics mentioned above. Orderly Network is also attractive to build on since it shares the platform fees with any dApp or trading platform built on top. These frontends act as brokers, bringing trading volume to Orderly, and in return they earn revenue on the flow they bring in. This means that WOO DEX will bring in more revenue for WOO Network, contributing to the monthly buybacks and burns. In addition, NEAR is growing considerably in regards to recent developer adoption, a large part of this being the popularity of Rust among developers even outside of the Web3 landscape. NEAR has already established itself as being one of the most exciting Layer 1s emerging in the space, and WOO Network is keen to position itself at the forefront of innovation — making NEAR a perfect fit for our blooming ecosystem. — Stay tuned for all WOO Network’s exciting developments! - Socials: linktr.ee, Website: woo.org, Telegram Announcements: t.me, Medium: medium.com, The content above is neither a recommendation for investment and trading strategies nor does it constitute an offer, solicitation, or recommendation of any product or service. The content is for informational sharing purposes only. Anyone who makes or changes the investment decision based on the content shall undertake the result or loss by himself/herself. Introducing WOO DEX — a superior centralized trading experience, now decentralized was originally published in WOO Network on Medium, where people are continuing the conversation by highlighting and responding to this story.




  WOO NEWS


DeFi protocol TrueFi launches first non-stablecoin portfolio, with loans...

    TrustToken, the stablecoin platform and creator of unsecured lending protocol TrueFi, today announced a new collaboration with WOO X, a zero-fee digital asset trading platform incubated by Kronos Research, a crypto asset quant company, and market maker. WOO X will use TrueFi to support its institutional services by issuing loans to its clients through the protocol. TrueFi will be WOO X's lending protocol of choice for uncollateralized loans to its institutional clients in its native WOO token. Moreover, this creates TrueFi's first non-stablecoin portfolio. WOO DAO, a decentralized autonomous organization working to foster the growth of the WOO Network, will provide the tokens for the loans, with all yields returning to the WOO DAO. Financial institutions trading on the WOO X platform have been verified through KYC measures, and the loan principal will only be released into their WOO X wallets. Due to TrueFi's protocol technology, this type of transparency will show WOO token holders where DAO funds are moving. 'Uncollateralized on-chain lending is the most capital-efficient credit a financial institution can get. Our first non-stablecoin portfolios are further testimony for how versatile TrueFi lending can be, supporting any digital assets at all-Bitcoin, Ether, and other top coins are also very much a possibility.' - Rafael Cosman, CEO of TrustToken This uncollateralized lending program follows an update of WOO X's staking program, which now allows clients to stake 600,000 W... read More



WOO X crypto exchange launches 20 perpetual swaps with zero-fees

    WOO Network, a crypto exchange liquidity ecosystem, announced today that its exchange WOO X has rolled out the initial launch of WOO futures, including 20 popular crypto-assets, with more being added. The futures are in the form of perpetual swaps (perps) which are contracts that never expire, making them ideal for the 24/7 world of cryptocurrency. Benefits of futures on WOO X Effortless - Traders can access charts and order-entry modules for spot and perps all from WOO X’s customizable interface. Cross-margin collateral means that any eligible asset can be used as collateral, giving traders fewer restrictions when trading with leverage. For risk management, traders can use Vaults and Subaccount features to isolate assets from being used as collateral. Trades can customize their workspaces to easily track all their positions, both spot, and futures Free - A zero-fee trading experience, WOO X futures will use the same staking tiers and fee structure as spot trading, meaning that users who stake 1800 WOO will be entitled to zero maker and taker fees when manually trading perps. Staking for zero fees is the same, regardless of whether you trade spot or futures Size - Unlike spot markets, perps can’t be aggregated easily, as each source will have unique parameters, such as funding rates. WOO Network tackled this by integrating various sources into a liquidity pool that can be accessed directly from WOO X or as a liquidity source for institutional client... read More



Binance Backs WOO Network With A $12 Million Strategic Investment

    Binance is the largest exchange platform in trading volume within the crypto industry. Through its user-friendly interface, the exchange has over 20 million users. In addition, the platform supports several cryptocurrencies that would boost an investor’s portfolio. In its move to enhanced performance and services to customers, Binance has a strategic investment of $12 million through its venture capital arm. The investment is in a liquidity platform, WOO Network. This liquidity platform connects users to exchanges, DeFi networks, and other institutions. Binance Labs, which kicked off in 2017, has committed relationships through early-stage investments in several companies. Also, Binance took part in bigger fundraising rounds like the $10 million Series C fundraising round for Figment, a crypto staking company. Thoma Bravo was in the lead of this fundraising project. Through a press release, Binance Labs Investment Director Peter Huo put forth his reactions to the company's investment. First, he acknowledged WOO Network’s remarkable impact on the entire crypto ecosystem using its features and functionality. Also, he mentioned the Network provision of zero-fee trading through on-chain and off-chain and deep liquidity. Furthermore, Huo expressed his company’s excitement through its long-lasting relationship expansion. The Binance Director commented that the company uses the investment to explore its collaborations further. Binance Invests in WOO Due To Impressive Growth WO... read More



More Wootrade Network (#WOO) News

WOO vs QNT | A-Z | Topics | ISO 20022


Privacy | Terms | Contact | Powered By LiveCoinWatch


bidya