The multi-platform integration expands Wombat’s reach in the DeFi space, displaying the readiness of the platform, as well as the EOS ecosystem, to provide unparalleled DeFi functionality
Berlin, January 2021– Spielworks, a leading blockchain gaming and wallet startup, strengthens its positions in the EOS dApps sphere through a series of DeFi integrations. The company has secured partnerships with leading EOS DeFi networks Defis.Network, Defibox and Pizza Finance. Wombat also integrates with the likes of Vigor, Organix and DolphinSwap, adding on top of the existing integration of Newdex and Equilibrium. By enabling further DeFi solutions only a month after the company’s integration with eosfinex, Spielworks is demonstrating its commitment to bringing Wombat users enhanced user experience, financial independence, and an ever-expanding set of lucrative opportunities.
Despite hitting the occasional rocky road, the DeFi honeypot continues to grow. Since May 2020, the total value locked (TVL) in decentralized finance projects rose a whopping 2,500 percent, according to DeFi Pulse. But there still remains ground to make up. Not enough consumers are comfortable with DeFi on EOS quite yet, partly because platform accessibility remains a problem. The basic act of creating an EOS account remains a barrier. Despite recent improvement on this front, the hurdle requires dynamic account options for chain enthusiasts brought up on negative EOS narratives. Yet slowly but surely, the tide is turning, and greater numbers of blockchain aficionados are recognizing a superior user-experience in EOS. It’s only a matter of time before the platform becomes a natural home for everyday users, and Spielworks spearheads the charge to EOS mass adoption.
Through this partnership, the DeFi platforms involved will act as a segue between the EOS and dApps ecosystems, allowing EOS to demonstrate its faster, more cost-efficient user experience within the DeFi landscape, with no waiting times. Through these integrations, Wombat is allowing direct access of its users to these platforms, while Wombat users can enjoy a rich set of DeFi functionality immediately after joining the EOS ecosystem.” Additional functionality directly enhances the access and usability of DeFi protocols on EOS, exposing its benefits to a much wider user base. It also enables users to combine the advantages of DeFi; permissionless trading, lending and stablecoins, with a premium Wombat UX. Wombat has further cultivated this development by introducing features such as the Buy Bitcoin with EOS, allowing users to frictionlessly swap their EOS into pBTC, a Bitcoin-backed token on the EOS network.
“The goal is to offer Wombat’s users a seamless and simple, yet powerful, experience in using tools for financial freedom and independence, like stablecoins, exchanges, and lending protocols on EOS,” says Adrian Krion, Founder and CEO of Spielworks. “The user experience of DeFi products on EOS is unparalleled in the blockchain space and thus fulfills our requirements in terms of being suited for everyday users.”
Wombat provides users with free EOS and Telos accounts. The wallet serves as a gateway to blockchain-based gaming, allowing users to find, play, and interact with blockchain applications (dApps) and games available on EOS and Telos. Wombat offers free and fast account creation, automatic key backup, and free blockchain resources. All blockchain games available on Womplay are EOS-based.
Recently, the company introduced a new interface enabling users to swap EOS for pBTC natively within the Wombat wallet. Joining up with Defibox and pTokens, the new interface allows users to hold BTC without leaving the Wombat ecosystem. In essence, it will serve as a gateway for users to acquire, hold, and earn BTC while curtailing long procession times alongside costly transaction fees. Bitcoin exists on Defibox, pTokens, and Wombat as pBTC, an EOS-based token transparently backed up by its actual ‘root’ coin. Effectively, the pBTC swap feature will allow users to interact with the most valuable crypto asset with improved speed and rewards.
“We’re excited to share Wombat’s capabilities with our users,” says Alex Melikhov, CEO of Equilibrium. “It will also be interesting to see how developing integrations like this will help further catalyze development of the DeFi ecosystem on EOS.”