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Decentralized Crypto Exchange WOOFi Uses Gaming-Style NFTs to Boost DeFi

2024-07-10 02:00
Odaily News WOOFi, a decentralized cryptocurrency exchange and sister organization of cryptocurrency exchange WOOX, is applying new elements of the role-playing game (RPG) world to decentralized finance (DeFi), using non-fungible tokens (NFTs) to increase the returns generated by customers staking tokens on the platform. It is reported that WOOFi has launched "Boosters", which are similar to magic potions or weapons in role-playing games. They can be obtained by performing cross-chain swaps, depositing in vaults, or trading on WOOFi Pro. Challenges such as obtaining, and then using them to increase the returns of WOO tokens, which can be used to earn a portion of DEX fees. (Coindesk)