Multi-chain DeFi platform WOOFi moves beyond beta to offer investors cross-chain trading

WOOFi’s integration with Stargate’s liquidity pools provides better access to fragmented DeFi liquidity and makes trading between different chains easier than ever.‍

Exchange assets across chains

WOOFi has integrated Stargate’s WOO and ETH liquidity pools and has come out of beta to support Ethereum cross-chains. The new solution allows anyone to exchange WOO and ETH between seven chains with one click.

With a single transaction in 3 minutes or less, you can trade assets from Arbitrum, Optimism, Avalanche, Polygon, BNB Chain or Fantom to WOO, ETH or USDC on Ethereum with no USD limit.

According to the protocol, the new development would speed up and improve price execution for WOO-to-WOO and ETH-to-ETH cross-chain swaps. For each swap, WOOFi finds the fastest and most cost-effective cross-chain swap path for your exchange.

You can also specify a different recipient address in the target chain. For example, it is possible to exchange BNB on BNB Chain and receive USDC on Ethereum using different wallets.

“Today’s upgrades place WOOFi at the forefront of cross-chain innovation and mark a significant milestone in our journey to delivering the most seamless cross-chain swap experience in DeFi,” stated WOO Network.

WOOFi believes this is a major win for the Decentralized Autonomous Organization (DAO) as assets can now be easily swapped between chains, which was previously impossible due to the locations of safes at different addresses in chains.

Additionally, the recent upgrade allows you to purchase a small amount of your target chain’s native token, so you already have gas money on target chain.

In another recent development, WOOFi integrated the Fireblocks platform, which would allow institutional entities on the Fireblocks network to access CeFi pricing, inflated returns and high liquidity on WOOFi.

WOO Network($WOO) is currently trading at $0.2951, up 15.54% in 24 hours.

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What is WOOFI:

WOOFi is a Decentralized Application (DApp) developed by the WOO Network. WOOFi’s main goal is to improve users’ experiences with decentralized finance (DeFi) by offering reduced slippage, competitive swap fees and other useful features.

WOOFi users can exchange popular digital assets and make money by leveraging the network and providing liquidity. Deep liquidity is one of the platform’s key value propositions for DeFi users.

WOO Network introduced WOOFi in October 2021, followed by WOOFi DEX in June 2022.

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Learn more about WOOFI:

Website | Twitter | discord | telegram

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