What is WOOFI (WOO)? WOOFI Cryptocurrency Overview

What is WOOFI? WOOFI is a decentralized exchange (DEX) developed by WOO Network. WOOFI uses the sPMM model for transactional swaps and combines with LayerZero for cross-chain swaps. So what makes WOOFI stand out? Let’s find out with Weakhand.

To understand more about WOOFI, please read the articles below:

• What is LogX? LogX Cryptocurrency Overview
• What is UniswapX? Uniswap Is Ready To Be The Best AMM On The Market
• Orderly Omnichain – Liquidity Revolution for DeFi Perp DEX
• What is cross-chain? When Blockchains Are “Traded”
• TOP 3 Potential Perp DEX For Trading And Airdrop Hunting

WOOFI Overview

What is WOOFI?

WOOFI is a decentralized exchange (DEX) built on Binance Smart Chain (BSC), allowing token swaps through the sPMM (Synthetic Proactive Market Making) model with low costs and no price slippage (0.1 %).

In addition, WOOFI also combines with LayerZero and Stargate creates a DEX for cross-chain transactions. The user simply initiates and signs a transaction on the source chain (the chain with the input token) and the output token is automatically sent to the address specified by the user.

WOOFI currently supports the following Blockchains: EthereumAvalanche, Optimism, Polygon, Fantom, BSC, Arbitrum, Linea, Base.

Features of WOOFI

Some outstanding features include:

• sPMM liquidity: Is an AMM DEX that uses algorithms create a completely new on-chain market (sPMM) providing high-quality trade execution for major assets on any blockchain with low fees (0.025%) and fixed slippage (0.1%).
• Cross-chain swaps: is an intuitive, easy-to-use cross-chain swap DEX that integrates LayerZero’s cross-chain messaging and Stargate’s bridge liquidity. Users can swap multi-chain tokens supported by WOOFI with low fees.
• Perp trading: WOOFi Pro is a decentralized exchange Perpetual based on a limit order book (LOB) with deep liquidity and CeFi-level trading experience, built on Orderly Network’s decentralized, omnichain, permissionless, and high-performance exchange protocol.
• Earn: Users can provide liquidity in WOOFi by depositing assets supercharger vaults to make profit.
• Stake: Users Stake WOO tokens and receive rewards (version WOOFi Stake 1.0); Users can stake WOO tokens on supported chains to earn profits (APR) in USDC or Rewards calculated in MP points (multiplier points) and paid in USDC (WOOFi Stake version 2.0).

Highlights of WOOFI

• WOOFi uses the model sPMM (Synthetic Proactive Market Making) helps minimize slippage rates and swap fees (0.025%), while ensuring liquidity and improving capital efficiency for users.
• WOOFI integrates LayerZero’s cross-chain messaging and Stargate’s bridge liquidity for cross-chain swaps.
• Low swap fees (0.025%) and fixed slippage (0.1%).
• Intuitive interface, easy to use.

Development Roadmap

Updating

Core Team

Jack Tan – Co Founder

• Jack graduated with a degree in Business from the school Carnegie Mellon University – Tepper School of Business.
• Jack was a permanent analyst at BNP Paribas; Jack then worked at Deutsche Bank in the following roles: associate, Strategic Valuer; From June 2018 to present, Jack has worked at Kronos Research as a Co-Founder;
• From August 2019 until now, Jack is Co-Founder at WOO Network

Mark Pimantel – Co Founder

• Mark Pimantel completed his Bachelor’s degree with two majors and a Master’s degree in 3.5 years by taking twice the length of a typical Bachelor’s course Bachelor of Electrical & Computer Engineering – Second major: Business Administration Master of Electrical & Computer Engineering.
• Mark used to work for Sun Trading LLC as a Quantitative Trader; Head of trading department at EverMarkets; at Orderly Network as a supporter.
• From June 2018 until now, Mark has worked at Kronos Research as a Co-Founder.
• From September 2019 until now, Mark has worked at WOO Network as a Co-Founder.

Ran Yi – COO

Terence Wu – CTO

• Terence Wu graduated with a Bachelor of Computer Engineering from Hong Kong University of Science and Technology.
• Co-Founder at The Daily Tot; Co-Founder at ZZura; CEO at HaiChuanTech.
• Co-Founder at Kronos Research- is a leading venture capital, market making and cryptocurrency trading firm.
• CTO at WOO Network.

Investor

WOOFi is a DEX developed by WOO Network. The project has successfully raised $30 million in Series A capital from VCs: Crypto.com Capital, Three Arrows Capital, Fenbushi, Gate.io Lab, QCP Capital, 3Commas, TokenInsight, …

Tokenomics

Basic information about WOO token

• Project name: WOO Network.
• Code: WOO
• Blockchain: BNB Chain, Ethereum, Solana, Huobi, Arbitrum, Polygon, Avalanche, Fantom, OKX.
• Contract:

1. BNB Chain: 0x4691937a7508860f876c9c0a2a617e7d9e945d4b
2. Ethereum: 0x4691937a7508860f876c9c0a2a617e7d9e945d4b
3. Solana: E5rk3nmgLUuKUiS94gg4bpWwWwyjCMtddsAXkTFLtHEy
4. Huobi: 0x3befb2308bce92da97264077faf37dcd6c8a75e6
5. Arbitrum: 0xcafcd85d8ca7ad1e1c6f82f651fa15e33aefd07b
6. Polygon: 0x1b815d120b3ef02039ee11dc2d33de7aa4a8c603
7. Avalanche: 0xabc9547b534519ff73921b1fba6e672b5f58d083
8. Fantom: 0x6626c47c00f1d87902fc13eecfac3ed06d5e8d8a
9. OKX: 0x5427a224e50a9af4d030aeecd2a686d41f348dfe

• Total supply: 3,000,000,000

WOO Token Allocation

WOO Token Release

WOO Token Use Case

• Trade and provide liquidity.
• Do fees and rewards for features
• Profit when trading
• Rewards for participating in project activities
• Join Launchpad
• Staking to receive rewards
• Administrative rights

WOO Token Exchange

WOO tokens are traded on exchanges: Binance, Kucoin, OKX, Kraken, Bybit, HTX, Gate, Crypto.com, Bitget, MEXC, BingX, UniSwap, PancakeSwap, …

Project Information Channel

• Website: https://fi.woo.org/
• Twitter: https://twitter.com/_WOOFi
• Medium: https://woonetwork.medium.com/
• Discord: https://discord.com/invite/woonetwork
• Telegram:

Summary

WOOFI is a decentralized exchange (DEX) providing trading features: AMM, cross-chain, perpetual with a friendly, easy-to-use UX/UI developed by WOO Network.

Hopefully this article provides useful information about the WOOFI exchange and WOO token.