WOO Bi-weekly roundup
The WOO Ecosystem is making significant strides with a series of impactful updates, including substantial token management improvements, groundbreaking partnerships, and exciting new community initiatives.
WOO locks final $45 million, initiating decentralized treasury management
WOO Ecosystem announces the locking of its final $45 million worth of WOO tokens in the treasury, marking the conclusion of its token supply phase and the beginning of a new era under decentralized treasury management.
With the final tokens locked, WOO will now focus on engaging the community and involving the ecosystem in key strategic decisions. To access these tokens, milestones require implementing token-based governance and achieving ambitious targets for the fully diluted market cap. If both milestones are not met, the tokens remain locked, effectively removing them from the supply.
“Traditional time-based vesting models often lead to inflation and misalignment with ecosystem performance. Especially in light of recent high-profile overspending by the Ethereum Foundation and Polkadot, we realized that proactively reducing uncertainty and pushing for decentralized oversight was the best practice. Our revamped milestones-based tokenomics addresses these issues by linking token release to specific milestones and incorporating decentralized governance to ensure community oversight and alignment with our strategic goals,” said Ben Yorke, VP of Ecosystem at WOO.
WOO taps web2 mini-games lead to capture $100B blockchain gaming market
WOO has partnered with Cocos Studio notable for its Cocos Engine, the leading mini-game engine worldwide, which supports over 1.6 million developers in 203 territories. Through the WOO Innovation Hub partnership, WOO Ecosystem offers Cocos Studio access to a broad user base via WOO X and WOOFi, collaborative development, ecosystem expansion, blockchain financial solutions, and joint marketing opportunities.
“We are thrilled to have Cocos Studio, a leader in the mini-game sector, join the WOO Innovation Hub. With the blockchain gaming market currently valued at $100 billion, this partnership is set to advance innovative games and capture significant market share,” said Abby Huang, WOO Innovation Hub Lead.
Orderly Network becomes WOO Ecosystem's flagship dApp
With over $80 billion in total trading volume, operations on six major blockchains, and a user base exceeding 290,000 unique wallets, Orderly has become the flagship dApp of the WOO ecosystem. Incubated through the WOO Innovation Hub, Orderly Network enhances on-chain trading with institutional-grade liquidity and a CEX-like experience, using an innovative order-based infrastructure and Celestia’s cross-chain messaging for scalability and interoperability.
“Our partnership with WOO through the Innovation Hub has been instrumental in propelling Orderly to its leading position in the crypto trading ecosystem, reflecting our commitment to advancing on-chain liquidity and trading infrastructure. The launch of $ORDER marks a new chapter in our mission to empower the crypto community, reward our users, and advance decentralized trading,” Orderly Network Co-founder Ran Yi said.
August was WOOFi’s biggest buyback and burn to-date
WOO has accelerated its deflationary mechanism through WOOFi's protocol revenue, which is being used to buy back and burn WOO tokens. This initiative began in June 2024, with an equal amount of WOO bought back through staking rewards and burned monthly.
August marks the highest burn to date, reflecting WOO's ongoing commitment to optimizing tokenomics and supporting the growth of the WOO ecosystem.
WOOFi launches new booster quest with record mystery box giveaway
WOOFi has launched its new Stake quest, offering the biggest mystery box giveaway yet! Complete a cross-chain swap into 0.025 $mETH or more on Mantle for a chance to win one of 87 Boosters.
By offering substantial rewards for completing cross-chain swaps, WOOFi is incentivizing user activity and driving liquidity on the platform. This initiative not only boosts user engagement but also amplifies the overall visibility and attractiveness of WOOFi’s offerings in the competitive crypto space.
WOOFi to return 100% of ZRO from Orderly's ZRORDER campaign to traders
WOOFi has pledged to return 100% of the $ZRO received from Orderly's ZRORDER Trade Masters campaign to WOOFi Pro users based on their fees paid from trading $ORDER and $ZRO. With this pledge, WOOFi is not only incentivizing trading activity but also aligning rewards with user contributions. This approach enhances transparency and trust within the platform, fosters greater engagement, and strengthens WOOFi’s position as a user-centric ecosystem.
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