Wombex.finance
  • 🤖Welcome
  • 🙌Wombex.finance
    • Introduction to Wombex
      • For $WOM holders
      • For Liquidity providers
      • For WMX holders
      • Protocol fees
  • WMX token
    • Distribution
    • WOM Wars Bootstrap event
    • Airdrop
  • User guides
    • Basics
    • Staking WOM into wmxWOM
    • WMX Vote Locking
    • Liquidity provision
    • Rewards claiming
    • Bribes
    • Using Gnosis Safe and Wombex
    • How to bridge WMX to Arbitrum
  • Governance
    • Multi-sig compositon
  • Risks
  • Audits
  • Wombex architecture
  • Deployed addresses (BNB Chain)
  • Deployed addresses (Arbitrum One)
  • 🔗Links
    • Twitter
    • Business inquiries
    • Discord
    • Github
    • Wombex.finance
    • Terms & Conditions
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WMX token

The main utility function of WMX token is participation in Wombex governance/Wombat meta-governance and associated rewards distribution. For enabling WMX utility is should be vote-locked for 16 weeks (vlWMX).

vlWMX token utility:

  • Participation in Wombat governance (rewards allocation to various pools) using veWOM accumulated and owned by Wombex. It could include additional payments for Gauge voting (commonly defined as 'bribes').

  • Receiving a share of protocol fees (10% of overall mined WOM goes to vlWMX stakers)

  • Participation in Wombex governance, what includes adding new pools, WMX liquidity mining updates, and many more

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Last updated 2 years ago