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.”