Wombat Exchange is a Hong Kong-based, BNB-native multichain stableswap backed by Binance that aims to re-engineer the stableswap experience with an innovative algorithm design. The protocol emphasizes greater capital efficiency, accessibility, and scalability across multiple chains. Its core product is a hyper-efficient multichain stableswap designed to accelerate DeFi growth by improving liquidity and capital utilization. The company plans to use new capital to accelerate product development and geographic and protocol expansion. Wombat reported a valuation increase to $70M following this raise and a prior seed round led by Binance Labs in November 2021. The team frames its vision around pushing DeFi boundaries in a multichain world.

Total raised

$5M

Funding rounds

1

Latest round

Series A

Latest activity

Mar 2022