Domination Finance integrates with Boba Network, Joins WAGMI Incentives Program
The incentives program challenges the zero-sum status quo of traditional liquidity mining, promoting long-term network performance and success
Chicago — February 1, 2022 — Domination Finance is pleased to announce a new integration with Boba Network, a leading L2 scaling solution. With Boba, the user experience of executing transactions and providing liquidity on Domination Finance will become faster and more cost effective. In tandem with this integration, Domination Finance will also be joining Boba Network’s WAGMI incentives program, developed in partnership with UMA Protocol.
To incentivize network adoption, this program enables projects like Domination Finance to provide rewards to users via WAGMI Options, which are KPI Options with $BOBA payouts based on the performance metrics of Boba Network.
“Incentivizing positive-sum collective actions will be key to the continued growth and adoption of the DeFi ecosystem,” said Alan Chiu, Founder of Boba Network. “We are thrilled to have Domination Finance join us at the forefront of this endeavor.”
“Integrating with Boba Network was a natural next step for expanding Domination Finance’s cross chain capabilities,” said DomFi co-founder Michal Cymbalisty. “WAGMI Options provide a unique way to align individual user interests with the collective interests of the network, and we are excited to be part of Boba’s efforts to pioneer new incentivization structures.”
To learn more about WAGMI Options, visit boba.network/wagmi/.
Domination Finance will be retroactively airdropping WAGMIv0 Options to liquidity providers on the Boba Network on March 1st. To qualify, add liquidity on https://domination.finance/ anytime in the month of February. The earlier you add, the more you’ll earn.
Please note this airdrop will only be available for LPs on the Boba Network. LPs on Ethereum or Polygon do not qualify for WAGMI incentives as this is a Boba Network specific program.
About Domination Finance
Domination Finance is the premier decentralized exchange for dominance trading. Built on the Universal Market Access (UMA) protocol and available on Ethereum, Polygon, and Boba, Domination Finance’s user-friendly desktop and mobile interfaces allow users to trade on the overall market dominance of Bitcoin, Ethereum, and Tether.
About Boba Network
Boba is an Ethereum Virtual Machine (EVM) equivalent Layer 2 Optimistic Rollup that helps Ethereum smart contracts scale while delivering a delightful user experience. Boba enables Ethereum developers to build dApps that trigger code running on web-scale infrastructure such as AWS Lambda, making it possible to leverage sophisticated algorithms that are either far too expensive, far too slow, or practically impossible to execute on-chain.