WOO Bi-weekly roundup
The WOO Ecosystem continues to push the boundaries of crypto trading and decentralized finance with key advancements. From empowering retail traders with Caladan’s Lead Trader strategy to expanding cross-chain capabilities with Solana, these initiatives reinforce our commitment to innovation and offer enhanced opportunities in both DeFi and CeFi.
Empowering retail traders with Caladan’s LT strategy on WOO X
WOO X has recently partnered with Caladan, a leading digital asset trading fund, to launch their exclusive Lead Trader (LT) Strategy on our Social Trading platform.
This feature allows users to automatically replicate top-tier trading strategies, giving them access to institutional-grade tools, including:
📊 Data-driven signals🛠️ Rigorous backtesting🛡️ Strong risk management
As our COO, Willy Chuang, shared, "By integrating strategies like Caladan’s, we’re expanding the options available to retail traders while addressing the risks they face with discretionary LT strategies."
WOO X Research was featured in Decrypt
WOO X Research, the department responsible for token listing analysis at WOO X, was recently quoted by Decrypt, a leading crypto media outlet, showcasing the growing credibility of our internal research team. In the report, WOO X Research highlights a market shift toward undervalued, fully circulated projects, such as TRON DAO's TRX token, which recently hit a new all-time high.
"Most older projects are fully circulated and have dropped over 90% from their peaks, meaning small amounts of capital can have a significant impact on prices and attract market liquidity," said Pat Zhang, Head of WOO X Research.
For more details, check out Vince Dioquino's in-depth report on Decrypt. 🚀
600K WOO tokens burned
WOOFi completed its November burn, forever removing 603,878 WOO tokens from the total supply. Check here for the burn tx:
https://etherscan.io/tx/0xf1558f136d41142327cc16edb2ee98e0cd68a432daa97c42d6ab7a47cd47af82
🔵 $WOO Expands to Solana with LayerZero’s OFT Standard
WOO has successfully integrated with Solana, utilizing LayerZero’s Omnichain Fungible Token (OFT) standard. This breakthrough allows seamless token deployment across multiple chains without asset wrapping, middle chains, or liquidity pools.
The OFT standard achieves this by burning tokens on the source chain during transfers, sending a message via LayerZero, and minting the equivalent amount on the destination chain, ensuring a unified supply across networks. This milestone reinforces WOOFi’s position as a leading omnichain DeFi solution. Build anything, build omnichain—with WOOFi paving the way.
Meanwhile, WOOFi Pro is now on Solana, offering Solana traders a lightning-fast, gasless trading experience through a permissionless, high-performance infrastructure. This is the first time in DeFi that Solana and EVM users have been able to deposit onto the same perps DEX and trade with the same orderbook.
https://x.com/_WOOFi/status/1863570756543922257
WOOFi Partners with Pear Protocol for 1M PEAR Rewards
WOOFi has launched its Stake Surge campaign to reward its loyal community and strengthen partnerships within the DeFi ecosystem. The campaign offered WOO stakers the opportunity to earn 1,000,000 PEAR tokens—0.1% of PEAR’s total supply. In partnership with Pear Protocol, the 10-day event allows participants to boost rewards by staking more WOO for XP or completing challenges like staking $25 of PEAR or trading $1,000 on Pear’s intent-based engine.
PEAR claims will open on December 21, 2024, with a deadline of January 4, 2025. Pear Protocol, built on Arbitrum, enables on-chain pair trading with leverage, empowering traders with versatile strategies for any market condition.
WOOFi qualifies for $67m ZKsync incentive program
WOOFi is proud to be 1 of just 15 teams that have qualified for ZKsync Ignite -- an incentive program that will see 300m $ZK ($67 million) distributed to ZKsync users over 9, epic months. Token distribution will commence on January 6, 2025, and will unfold in three distinct phases of three months each. 100% of the tokens that WOOFi receives will be passed onto users.
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