# Wombat Exchange > Hyper Efficient Multichain Stableswap Wombat Exchange is a decentralized stableswap protocol. It lets users swap stablecoins with low slippage and earn yield through single-token liquidity pools. Wombat Exchange is a decentralized stableswap protocol deployed on multiple blockchains. Users swap stablecoins with low slippage, and liquidity providers deposit a single token into a pool instead of pairing assets. It serves traders and liquidity providers who want efficient swaps between stable assets. Pools use an asset-liability model governed by coverage ratios, which keeps capital utilization high and limits slippage. Crosschain pools relay swaps between blockchains through a messaging layer, so users can move value across chains in one swap. A WOM bridge, a fiat on-ramp, and a dust eliminator tool sit alongside the swap and pool interface. WOM holders lock the token to receive veWOM, which boosts pool rewards, shares protocol fees, and gives voting power over reward gauges. WomPets adds a points and mini-game layer for liquidity providers and traders. Wombat Exchange is used by stablecoin traders, liquidity providers, and DeFi protocols building on single-token pool positions. - Type: Project - Sector: Finance - Status: Active - Founded: 2021-10-01 - Profile: https://thegrid.id/profiles/wombat_exchange ## Products - [Wombat Exchange](https://thegrid.id/profiles/wombat_exchange): Wombat Exchange is a decentralized exchange for stablecoin swaps built on single-sided liquidity pools. Pools use an asset-liability model with coverage ratios, so liquidity providers deposit one token and swaps incur minimal slippage. Crosschain pools relay swaps between blockchains through a messaging layer, letting users trade across chains in one transaction. WOM holders lock tokens for veWOM to boost pool yield, share protocol fees, and vote on reward gauges. A WOM bridge, a fiat on-ramp, and a dust eliminator tool sit alongside the swap and pool interface. (Decentralised Exchange, Live, Main Product) - [WomPets](https://thegrid.id/profiles/wombat_exchange): WomPets is a gamified incentive system using NFTs and cross-chain point accumulation for liquidity providers and traders. Users earn WomPets Points through swapping, staking, and liquidity provision, which grant access to mini-games with treasury-backed rewards. (NFT Marketplace, Live) ## Assets - [Wombat Token (WOM)](https://thegrid.id/profiles/wombat_exchange): WOM is the governance token of Wombat Exchange, deployed on multiple blockchains. It is used to vote on protocol decisions, earn boosted rewards, and receive a share of protocol fees. Holders lock their tokens to receive veWOM, where the longer the lock, the higher the veWOM and the bigger the rewards. (Governance) ## Links - [Main](https://wombat.exchange) - [Terms of Service](https://app.wombat.exchange/terms) - [Documentation](https://docs.wombat.exchange) - [Media Kit/branding](https://docs.wombat.exchange/resources/brand-assets) - [Whitepaper](https://docs.wombat.exchange/resources/whitepapers) - [GitHub](https://github.com/wombat-exchange) - [Twitter / X](http://x.com/WombatExchange) - [Discord](https://discord.com/invite/wombat) - [Telegram](https://t.me/WombatExchange) - [YouTube](https://www.youtube.com/channel/UCsF_UBxVLzw6GRMc3gV5Jzw) - [Telegram](https://t.me/WombatExchangeNews) - [Twitter / X](https://x.com/wompets_) ## Legal This data is provided under two licensing models. Model 1 - open data. The open data core is licensed under the Open Database License (ODbL) — a copyleft/share-alike license allowing free use, modification, and sharing for any purpose. Attribution is required: include "Powered by The Grid" linking to https://thegrid.id wherever the data is used. Derivative databases must be shared under ODbL terms. Trademarks, logos, and brand names (marked "Special TPIP") are not covered by the ODbL. For ML/AI use: training datasets that substantially extract ODbL data are Derivative Databases and must be shared under ODbL if publicly used; models must be attributed in documentation. Model 2 - commercial licenses. The Grid Data Service (TGDS) is also available as a commercial license. See [Web Services Terms](https://about.thegrid.id/legal/web-services-terms) for commercial use that is not covered by the open data service. The following applies to both licensing models. - All data is provided AS IS with no guarantees of accuracy. - The Grid does not provide investment, legal, or tax advice, and - a project's presence in The Grid's data does not imply endorsement. - [Data Licensing & Disclaimers](https://about.thegrid.id/legal/data-licensing-and-disclaimers): Licensing models and disclaimers - [Open Data (ODbL)](https://about.thegrid.id/legal/open-data): Open Database License terms and scope for The Grid's open data service. - [Attribution Guidelines](https://about.thegrid.id/legal/open-data-attribution-guidelines): How to attribute The Grid's data when using the open data service. - [Web Services Terms](https://about.thegrid.id/legal/web-services-terms): commercial Terms for using data services. - [All Legal Documents](https://about.thegrid.id/legal): Full index of terms, policies, and disclosures ## Optional - [TGS Field Descriptions](https://github.com/The-Grid-Data/workspace-public/blob/main/references/tgs-field-descriptions.md): Schema field definitions for The Grid's data model - [TGS JSON Structure](https://github.com/The-Grid-Data/workspace-public/blob/main/references/tgs-json-structure.md): Data model structure and relationships - [Product Type Definitions](https://github.com/The-Grid-Data/workspace-public/blob/main/references/product-type-definitions.md): Definitions for each product type - [Product Type Classification](https://github.com/The-Grid-Data/workspace-public/blob/main/references/product-type-classification.md): Guide for classifying products into types - [Grid MCP Guide](https://github.com/The-Grid-Data/workspace-public/blob/main/grid-search/skills/grid-query/references/grid-mcp-guide.md): How to query The Grid programmatically via MCP