Why should I hold WOO
1. Value accrual with real yields from sustainable protocol revenue
80% of WOOFi's net fees are paid to WOO stakers in USDC
WOO tokens can be staked on WOOFi to earn yields from the fees of protocol revenue. 80% of WOOFi's net revenue from swap and perps trading is streamed to stakers every second, paid in cold, hard USDC.
The longer you stake and more active you use WOOFi, the more rewards you earn.
2. Airdrops, incentives for WOO stakers & holders
WOOFi staker airdrops
WOO stakers have benefited from a series of airdrops and ecosystem incentives by simply staking WOO or using the WOOFi products. e.g. LayerZero (ZRO), Orderly Network (ORDER), Arbitrum (ARB), Flooring protocols (FLC), Merlin Chain (MERL).
WOO yield farming on WOO X
WOO X continuously offers yield farming vaults where users can earn a wide range of tokens by depositing WOO tokens.
3. Deflationary via token buyback and burn
Starting June 2024, an equal amount of WOO bought back through staking rewards will be burned monthly. Currently, over $5M USDC is paid out to stakers. To see more tokens being burned, consider staking on WOOFi and compounding your rewards.
The burned tokens will come from the eco rewards allocation, with plans to optimize this mechanism to tie it to the growth of the entire WOO ecosystem.
👉🏻 WOO buyback and burn dashboard
4. Robust token utilities in the WOO ecosystem and broader DeFi
Reduced fee rate of perps trading on WOOFi Pro
By staking WOO and earning XP, users can climb up to tier 5 fee rate which is equivalent of $100M 30-day trading volume.
Enjoy privileges in WOO X built for traders with full transparency
Trading benefits
WOO can be staked to unlock the Zero Fee Zone, fee discounts on perps and API trading, referral bonuses, free withdrawals, and other benefits on WOO X.
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.
Stakers on WOO X currently receive base yields as well as benefits in future product releases, such as:
increased allocation to exciting new launchpad projects - more details to come
access to social trading features on WOO X to emulate highly professional trading strategies from top-performing traders
access to institutional-grade earn products
Other protocols
WOO is integrated into many DeFi protocols where the token holders benefit by supplying their precious WOO tokens to earn yields, borrow and lend or provide liquidity. Be a DeFi chad by holding the productive asset.
A few highlights from partner protocols:
Please explore the applications with caution, since the integration with WOO token is permissionless users assume their own risk when using third-party applications.
We are not responsible for your access to these platforms and shall have no liability whatsoever in connection with your use of such third-party protocols.
5. Ample liquidity across CeFi and DeFi
WOO is listed across almost all major CeFi platforms, see the full list.
On DeFi, you can buy or sell WOO on Uniswap or Pancakeswap on Ethereum, and Traderjoe on Arbitrum.
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