WOM is Wombat’s governance token and has the following use cases:
- Governance: WOM token holders can participate and vote on governance decisions.
- Liquidity Incentives: Users can earn WOM tokens as rewards by providing liquidity with stablecoins to the liquidity pool.
- Boosting: Users can earn additional WOM from the Boosting Pool by locking WOM tokens. The Boosting Pool incorporates voting escrow WOM (veWOM) for rewards accrual. Locking any amount of WOM applies a boost to all stablecoin pools.