DeFi products powered by WOO Network to provide the best trade execution and yields
DeFi is short for “Decentralized Finance”, an umbrella term for a variety of financial applications geared toward disrupting traditional financial intermediaries. As the DeFi sector matures, we expect it to gradually catch up to centralized exchanges, or CeFi, in terms of trading volume and value locked.
WOO Network aims to continue to expand its liquidity network to DeFi and helps DeFi users get the best pricing, tightest bid-ask spreads, and yielding opportunities when trading. Hence, we provide DeFi related products and offerings under the brand "WOOFi".
WOO Network helps decentralized exchanges by bringing liquidity on-chain, using a combination of liquidity pools, on-chain price quoting and hedging strategies. In turn, this approach allows WOO Network to internalize DeFi order flow.
The first WOOFi product is the onchain liquidity pools where we can provide the best trade execution for DeFi users. In addition, we are actively testing our on-chain trading strategies on Uniswap V3, dYdX and 0x, and will turn them into future product offerings once finalized.