WOOFi is a user-friendly dApp (decentralized application) that works on multiple blockchain networks. It offers three main services: swapping tokens, earning products, and an on-chain order book.
WOOFi
DeFi
Description
Here's how it works:
- Low Fees: WOOFi is designed to have very low fees, which means users spend less money when they trade or swap cryptocurrencies.
- Professional Market Makers: It uses expert strategies to make sure there is always enough of each currency available for trading.
- Best Prices and Yields: WOOFi aims to give users the best possible prices when they swap tokens and the best returns on their investments.
- Deep Liquidity: WOOFi brings together a large amount of money and assets, similar to what is found in centralized exchanges, but it does this in a decentralized way.
- Ideal for Big Trades: It's especially good for people who want to trade large amounts of cryptocurrency because it offers low fees and minimal price changes (slippage).
In summary, WOOFi makes trading and investing in cryptocurrencies more efficient and cost-effective, combining the benefits of centralized exchanges with a decentralized platform.
Funding
$52,000,000
$52,000,000
Total Funds Raised
This investment has been raised for the development of all products in the Woo Network ecosystem. Woo Network has raised four rounds of investment: Seed Round for $10 million led by Dragonfly Capital; Strategic Round (amount undisclosed) led by Fenbushi Capital; Series A Round for $30 million led by Three Arrows Capital and the most recent funding round for $12 million led by Binance Labs.