Over 313 million WOO have been staked in WOOFi, and the staking frenzy continues

WOO X connects traders, exchanges, institutions, and DeFi platforms to democratise access to first-class liquidity and trade execution at zero or low cost. Originally incubated by Kronos Research, a large cryptocurrency quantitative trading company, WOO X aims to reduce market inefficiency and disrupt the cryptocurrency market by addressing major cryptocurrency issues (i.e. liquidity diversification).

 

On October 20th, it was reported that as of now, more than 313 million WOO have been pledged on the WOOFi platform, demonstrating the strong growth of WOO token staking. WOOFi's staking mechanism has attracted a large number of customer engagements. By staking $WOO, users can receive generous rewards and participate in network governance. The official stated that since June 2023, the total amount of staking has continued to rise, indicating that the market's confidence in the WOOFi platform is constantly increasing.