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WOO DAO
WOO Token Utility
Learn about what you can do with WOO token
The WOO token is central to WOO Network
WOO Token is a utility token deeply embedded within WOO Network's CeFi and DeFi products and services with various staking, discount, yield, and governance utilities.
Currently, 50% of revenue generated across WOO Network’s services contribute to the monthly buyback and burn through the purchasing of WOO tokens off the secondary market to remove them permanently from the circulating supply. Furthermore, this buyback is then matched with a monthly burn from the Ecosystem Reward pool for the WOO token, which lowers the maximum supply and decreases its Fully Diluted Value (FDV).
Read the litepaper here: https://woo.org/Litepaper.pdf
Current WOO Token Utility:
Governance Power
- WOO DAO has been formed to govern the initiatives related to Growth, Treasury Management, and DAO to DAO relations. WOO token holders, WOO X stakers, and WOOFi stakers can participate in the decentralized governance by voting on proposals
Staking
- WOO tokens can be staked on WOO X to reduce trading fees, unlock zero-fee trading, unlock rebates on taker orders (trade-to-earn), unlock daily free withdrawals, and increase referral rebates.
- Trading institutions generating large volumes on WOO X can stake WOO tokens based on their volume and trading requirements to receive increased API trading rate limits and fee reductions.
Yield
- A portion of tokens received from WOO Ventures early-stage project investments will be distributed to WOO token stakers on WOO X.
DeFi Liquidity Provision and Yield farming with WOO
- WOO tokens are embedded within prominent DEXes on various chains: Bancor, Sushiswap, Uniswap, PancakeSwap, QuickSwap and SpookySwap. See WOO Token Utility for detailed links.
Borrowing and Lending with WOO
- WOO tokens can be used as collateral for borrowing and lending on: Sushi Kashi, Rari Capital. See WOO Token Utility for detailed links.
Planned WOO Token Utility:
WOO token utility will be expanded as WOO Network’s liquidity, exchange, and DeFi services grow.
[Yield] Access to social trading
- WOO stakers can gain access to social trading features on WOO X to emulate highly professional trading strategies from top-performing traders.
[Yield] Access and discounts for institutional yield strategies
- Users staking WOO tokens benefit from reduced capital requirements, management and performance fees for institutional-grade asset management services — such as Kronos Research's asset management services that generate stellar yields regardless of market conditions.
WOO Token Burn
Month
Burn Amount
Burn Transaction
WOO Token Bridges
The WOO token was initially a utility token on Ethereum, which now exists on multiple blockchains through bridges. Always check the official token contract addresses and the bridges available as below.
Chain
Contract Address
Bridges
Buy WOO
CEX
DEX
Provide liquidity and yield farm with WOO in DeFi
Ethereum
Binance Smart Chain
Polygon
Fantom
Solana
Protocol
Pair
Raydium / Serum
HECO
Protocol
Pair
MDEX
Lend and borrow with WOO
This is not an exhaustive list, and the liquidity and yields could change depending on the protocol. DeFi protocols are subject to smart contract risks, and providing liquidity in AMMs makes your assets expose to impermanent loss. Please DYOR before interacting with the protocol.
Last modified 28d ago