SEYCHELLES, Victoria, Nov. 19, 2024 (GLOBE NEWSWIRE) — WOOFi, the decentralized exchange (DEX) protocol under the WOO ecosystem, is pleased to announce the integration of WOOFi Pro with Avalanche. This strategic expansion introduces native deposits and withdrawals via Avalanche, enabling users to enjoy faster and more cost-effective DeFi trading experiences.
Avalanche is celebrated for its sub-second transaction finality and ultra-low fees, making it an ideal blockchain for expanding WOOFi’s ecosystem. With this integration, WOOFi Pro users can seamlessly transact across one of the most advanced and developer-friendly blockchain networks, enhancing crosschain trading efficiency.
“Avalanche’s speed, security, and scalability align perfectly with WOOFi’s mission to empower traders through innovative DeFi solutions. Avalanche is one of the few networks that prioritizes onboarding of mainstream users via verticals like institutional DeFi, gaming, and more – as such it’s imperative we give Avalanche users a native experience,” said Ben Yorke, VP of the WOO Ecosystem.
WOOFi Pro on Avalanche introduces native deposits and withdrawals, allowing users to interact directly with the Avalanche network without relying on bridging solutions, thereby minimizing associated costs. With Avalanche’s industry-leading transaction finality, traders experience near-instantaneous execution with minimal latency, ensuring seamless trading operations. Additionally, Avalanche’s ultra-low gas fees provide a cost-efficient environment, maximizing value for traders. This integration empowers both individual and institutional users with advanced DeFi trading tools, combining enhanced scalability, speed, and affordability to deliver an unparalleled trading experience.
This launch represents another milestone in WOOFi’s continuous efforts to build a crosschain future for decentralized trading. With over $48 billion in cumulative trading volume and support for 12 blockchains, WOOFi remains a leading player in the decentralized trading space.
The addition of Avalanche to WOOFi Pro not only broadens accessibility but also underscores WOOFi’s commitment to providing unparalleled trading experiences. Whether users are trading simple swaps, crosschain assets, or perpetual futures, the integration ensures Avalanche’s seamless performance boosts the efficiency of every transaction.
Contact Us: ecosystem@woo.network
About WOOFi
WOOFi is a leading decentralized exchange (DEX) with over $48B in cumulative trading volume and more than 250k monthly active users. It supports 12 blockchains and offers a diverse range of products, including earn vaults, simple swaps, crosschain swaps, and perpetual futures. The native token of WOOFi, WOO, can be staked to share 80% of all protocol fees.
Disclaimer
The content above is neither a recommendation for investment and trading strategies nor does it constitute an investment offer, solicitation, or recommendation of any product or service. The information provided in this article is for general informational purposes only and does not constitute financial, investment, legal, or professional advice of any kind.
Cryptocurrencies involve significant risk and are NOT suitable for the majority of investors. The value of digital currencies can be extremely volatile, and you should carefully consider your investment objectives, level of experience, and risk appetite before participating in any staking or investment activities. We strongly recommend that you seek independent advice from a qualified professional before making any investment or financial decisions related to cryptocurrencies. We shall in NO case be liable for any loss or damage arising directly or indirectly from the use of or reliance on the information contained in this article.
The collaboration between WOOFi and Avalanche highlighted in the content above does not indicate in any way that WOO provides, or will provide financial service. WOO does NOT endorse, guarantee or provide advice for any products or services of its business partners. This cooperation shall in no event be interpreted as an assurance or guarantee for the listing of any tokens, whether presently existing or to be generated in the future, on WOO X or any associated exchange platforms, nor does it imply any commitment from WOO X to list any tokens on its platforms or others. The decision to list any tokens is governed by and subject to a series of separate criteria and procedures, independent of this cooperation or business partnership.
Nothing in this article or any related content shall be construed to create or suggest the existence of a partnership, joint venture, agency relationship, or any form of legal association between WOO and Avalanche. Each party is an independent entity, acting solely in its own capacity, and is responsible for its own actions, decisions, and associated risks. The collaboration mentioned does not imply any form of shared liability or financial obligation, and each party will bear its own risks and responsibilities. Furthermore, this article should not be interpreted as providing any guarantees regarding the outcome of any business ventures or collaborations mentioned, nor shall be an indication of guaranteed success or profitability for either WOOFi, WOO X or Avalanche, or any of their business partners.
A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/8710c21e-19e2-4814-ace5-0b599a190036
