2022-10-09 14:50:11
Long time since I wasn't here! So what about Wombat?
The hype has been topped to $1.24. After the liquidity mining started and retroactive airdrop distributed(for early LP), it was successfully done -90% (as was expected actually with such sell pressure).
Price action is very similar to Curve in it's early stages. After the dip took a place, >10m WOM have been locked after just 1 month of a launch - now we can expect a trend reversal. People buying WOM and locking it. Even the biggest whales who received an airdrop(1/4 only, about 30000$ worth of WOM per batch) have been locked WOMs for 3 months. Very good sign.
Also, Binance has a 2 allocation in Wombat, Seed, and Partnership (20% from a Total Wombat Supply). Don't forget that WOMWars will be started soon, and we will have much more fun in this ecosystem.
I have been also mining $WOM tokens with boosted APY. Receiving now around 10-12% APR(can be boosted even to 20% in you will have locked your WOMs). Pretty good on such market (and this is in stablecoins, no risk)
The main game here is to find a balance between sell pressure and locked WOMs in the pool. Next stage is to pump a token and boost APY, create demand for WOM. More WOMs will be locked in the pool, less pressure you will have on the market. PA is your friend.
2.0K viewsedited 11:50