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. Read the litepaper here: https://woo.org/Litepaper.pdf

Current WOO Token Utility:

Staking
  • WOO tokens can be staked to reduce trading fees, unlock zero-fee trading on WOO X, 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 MDEX. 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, KINE Finance, and Unit Protocol. 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.
[Governance] Voting power for proposals
  • WOO Network will be progressively decentralized. WOO tokens are planned to be used as governance tokens to earn voting points based on amount and duration staked. Governance tokens will be able to be used to vote on various proposals affecting governance structure, listing, revenue sharing mechanisms, and staking mechanisms.

WOO Token Burn

Month
Burn Amount
Burn Transaction
September 2021
312,936
August 2021
217,523
July 2021
48,930
June 2021
121,907
May 2021
764,762
April 2021
327,120
March 2021
537,166
February 2021
817,564
January 2021
5,247,767

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.

Buy WOO

CEX

DEX

Find out more at Coingecko.

Provide liquidity and yield farm with WOO in DeFi

Ethereum

Protocol
Pair
Yield Farming
Uniswap V2
WOO/ETH
WOO
Uniswap V2
WOO/USDC
N/A
Uniswap V3
WOO/ETH
N/A
Sushi
WOO/USDC
SUSHI, WOO
Bancor
WOO/BNT
BNT

Binance Smart Chain

Protocol
Pair
Yield Farming
Pancakeswap
WOO/BNB
CAKE
SIL Finance
WOO/BNB
SIL

Polygon

Protocol
Pair
Yield Farming
Sushi
WOO/ETH
N/A
Quickswap
WOO/ETH
QUICK
Quickswap
WOO/QUICK
QUICK

Fantom

SpookySwap
WOO/USDC
BOO

Solana

Protocol
Pair
Yield Farming
Raydium / Serum
WOO/USDC
N/A

HECO

Protocol
Pair
Yield Farming
MDEX
WOO/USDT
MDX

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 4d ago