banner
DeFi: Wombat integrates pEOS and Equilibrium
DeFi: Wombat integrates pEOS and Equilibrium
Defi

DeFi: Wombat integrates pEOS and Equilibrium

By Amelia Tomasicchio - 20 Jan 2021

Chevron down

Wombat announced that it has integrated several DeFi platforms including Defis.Network, Defibox, Equilibrium and Pizza Finance

Alex Melikhov, the CEO of Equilibrium, said:

“We’re excited to share Wombat’s capabilities with our users. It will also be interesting to see how developing integrations like this will help further catalyze development of the DeFi ecosystem on EOS.”

In addition, Wombat has started using pEOS, the token created by Provable Things to bring Bitcoin to other blockchains, in this case to the EOS blockchain, giving the ability to easily change EOS to pBTC.

The Wombat wallet currently has 550,000 registered users in 160 different countries, making it the largest creator of EOS accounts.

A month ago Wombat also partnered with EOSFinex, Bitfinex’s platform for EOS-based tokens, to further facilitate transactions and the use of DeFi applications.

DeFi on EOS

Since last May, the total value locked in decentralised finance platforms have risen by 2500%, but especially on Ethereum which is currently still the blockchain on which DeFi’s dApps are most concentrated.

Many users, in fact, are still not very familiar with EOS, whose account creation alone can be complicated for those approaching the sector for the first time.

That’s why Wombat has decided to form many partnerships and integrate different platforms to make the process faster, easier and cheaper.

Adrian Krion, founder and CEO of Spielworks, the company behind Wombat, said:

“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. The user experience of DeFi products on EOS is unparalleled in the blockchain space and thus fulfils our requirements in terms of being suited for everyday users.”

Amelia Tomasicchio
Amelia Tomasicchio

As expert in digital marketing, Amelia began working in the fintech sector in 2014 after writing her thesis on Bitcoin technology. Previously author for Cointelegraph and CMO at Eido. She is now the co-founder and editor-in-chief of The Cryptonomist.

We use cookies to make sure you can have the best experience on our site. If you continue to use this site we will assume that you are happy with it.