Glossary

Glossary

WOM

Wombat Exchange's governance and reward token for liquidity providers. Wompie allows WOM holders to earn boosted rewards by converting their WOM tokens into mWOM. Users can stake mWOM on Wompie to earn high APR %. Wompie then locks all the converted WOM as veWOM permanently on Wombat Exchange while users earn rewards with their mWOM.

veWOM

veWOM is accrued as users lock WOM on Wombat's platform. It is not transferable and is lost when unlocking WOM. The higher a user's balance of veWOM, the more they can boost their stablecoins yields on Wombat Exchange and more voting power they control.

mWOM

mWOM (Magpie WOM) is minted by converting WOM on Wompie. It can be staked on the platform to earn active engagement rewards Wompie.

MGP

Wompie's governance token. Users can lock MGP to participate in governance and earn rewards.

Note: MGP is also the governance token of Magpie

vlMGP

Vote-Locked MGP. Locked version of MGP. vlMGP holders control the voting power that Wompie owns on Wombat. Users can lock their MGP to receive vlMGP at 1:1 ratio. vlMGP holders can earn rewards on the platform and also have governance rights. Vote-Locked MGP holders can participate in the governance of Wombat and Wompie.