2) At the same time, since users can only earn APR and $veWOM by locking $WOM, a positive feedback loop is created and mitigates $WOM's selling pressure & upholding its price!
This is the genius of $veWOM by @WombatExchange. #LFG team!!!
The introduction of @WombatExchange voting gauges highlights the strengths of the voting escrow token model
1) As users can only vote in the voting gauges to determine emissions with $veWOM, it becomes a tool for periodic & democratic control of $WOM issuance
#BNB#BNBChain
Team @WombatExchange mentioned voting gauges will become available by Jan 18 (in 3 days!!).
This is a bullish catalyst so I expect some upward price movement for all four tokens (because market is doing well too)
8/n
Even though Magpie has the best APR and peg. Wombex has far more $WOM and $veWOM. Their low APR can also be a strategic move to prevent voting power dilution of their tokens.
7/n
Get ready. The Wombat world will be shaken with the arrival of the Voting Gauge and bribes!
Be on the lookout for the best yield opportunities by monitoring what's going on with #WOMWars 🔥
@BNBCHAIN#DeFi
With this, $veWOM is only getting starting on its utility. Soon, it'll be used for
• Governance
• Fee sharing
• Other innovative features
Keep an eye on how @WombatExchange will revolutionize the #BNBChain!
Voila! Now you're ready for #WOMWars in just 5 tweets!
5/
Understanding voting gauges is ESSENTIAL
With the #WOMWars on @WombatExchange heating up, here's what you need to know to get prepared.
In 5 tweets, here's:
• What are voting gauges
• What are bribes
• How does EVERYONE benefit
Let's go🧵👇
1/
#DeFi#BNB#BNBChain#Web3
How Does Everyone Benefit?💵🤑🙌
Voters:
• Your vote directly affects your #APR. Vote for the pools you stake in to get more $WOM emissions
Bribe Hunters:
• DYNAMIC EMISSIONS! By allowing you to freely change your vote, users can always get the highest bribes!
4/