Our backers include Binance Labs, Shima Capital, Animoca Brands, Jump Crypto, and more; read below medium for more details on our private funding:
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Wombat Exchange has put together a solid and experienced team to develop a stableswap that has the potential to significantly advance the growth of DeFi. We’re looking forward to seeing Wombat’s meaningful contribution to the BNB Chain and its adoption in the multichain world. Yat Siu, Co-Founder & Executive Chairman of Animoca Brands
We were impressed by Wombat’s innovation, and we strongly believe in their contribution to the ecosystem. Their algorithm and solution are pioneering and will support the protocols that will shape the future of DeFi for the better. Seng Huang Lee, Group Executive Chairman of Sun Hung Kai & Co
Stablecoins are the fundamental backbone of DeFi yet they bring a set of challenges, like building efficient stableswaps, that first-generation protocols still have trouble overcoming. With a world-class team, Wombat Exchange has pioneered an incredibly ingenious and mathematically sound product to solve many of those challenges, and is well positioned to build additional DeFi primitives that push the boundary of crypto innovation as we know it today. We are inspired by what Wombat can achieve and are excited to be on this journey with them. Yida Gao, General Partner at Shima Capital
Wombat is a next generation stable swap exchange that introduces elegant design principles such as invariant curve and asset liability management for computational efficiency and improving liquidity. Furthermore, leveraging Wormhole’s generic message passing protocol, Wombat offers seamless native swaps across multiple chains. Saurabh Sharma, Partner & Head of Ventures at Jump Crypto
