End User Experience & Adoption
OP Stack
WOOFi icon

WOOFi

Project

0x7c...bB0d

One DEX to rule all chains. Trade and earn with best pricing, cross-chain swaps.

Appears in
28 ballots

Contribution

WOOFi has driven a consistent stream of new users into Optimism, now responsible for $64M of assets crosschain swapped into the ecosystem. In doing so, we have flooded Optimism with more unique active wallets and allowed native protocols to reach new audiences. WOOFi has provided leading single-sided yield for the OP token. We enabled users to lend their OP tokens to a professional market maker and earn hassle-free yield without impermanent loss making it a more enticing asset to own. WOOFi has generated $400M+ trading volume with as little as 6 supported assets and $1M in TVL. This unmatched capital efficiency has made WOOFi a revered liquidity source in Optimism’s DEX landscape, empowering traders with best pricing and accounting for 10% of the entire network's daily DEX volume.

Impact

Optimism Specific $400M+ trading volume (~10% of daily Optimism DEX volume) Responsible for $64M of assets cross-chain swapped (442,551 tx) Leading single-sided yield on OP Supported withdrawals and deposits on our centralized exchange WOO X Ranked #7 of all Optimism dapps by MAU Rebated $12,500 to aggregators Led a quest which brought 30k+ onchain Ran a campaign with Cyberconnect rewarding 10,000 Optimism users WOOFi Pro built on OP Stack Ranked #7 by MAU on Optimism Base Specific Achieved $14M+ trading volume Ranked #9 Base dapps by MAU Facilitated $1M of assets cross-chain swapped in and out of Base Became the first project to use an embedded Layer3 quest to bring users into Base One of the earliest adopters of Base testnet (March 16th) and Mainnet (August 15th)

Funding sources

No funding sources provided