Autonomous Pool Deployment - WOO

Issue Statement WOO Network has always been holding the chain agnostic approach and actively engaging in various blockchain ecosystems. WOOFi (fi.woo.org) as the flagship decentralized exchange is deployed across 6 different blockchains including Arbitrum, Avalanche, BSC, Fantom, Optimism and Polygon. Ranked in top 15 dex volume according to DeFiLlama, WOOFi is the first dex that built the cross chain swap feature on top of Stargate back in June 2022. At the same time, WOO token exists on almost all the major chains and WOOFi has the WOO staking module on each chain.

With all that, it’s natural to take advantage of the APD and add WOO pools on Stargate on all the chains WOOFi supports and enable WOO cross chain bridging natively in WOOFi’s cross chain swap feature.

Solution Add WOO to Stargate on all 7 chains (i.e. Ethereum, BSC, Avalanche, Arbitrum, Optimism, Fantom, Polygon) that Stargate supports and allow bridging between any two networks. WOO Network will deposit 1M WOO on each chain to facilitate cross-chain bridging.

Success WOOFi is already offering cross chain swaps on top of Stargate with one of the best users experiences with true one click swap and high execution quality. With this proposal, WOOFi can integrate WOO pools on Stargate and allows users to cross-chain bridge and swap WOO at lower cost. WOOFi also plans to have deeper integration with Stargate and Layerzero in its other modules such as Earn and Stake.

Execution Stargate will handle the smart contract deployment and front end development. WOO Network will seed the liquidity and add WOO bridging in WOOFi.

Summary

1. WOOFi is the first dex that built cross chain swap feature on top of Stargate.

2. WOOFi’s multichain vision aligns with Stargate and is keen to build WOO token utilities in various blockchain ecosystems.

3. WOO Network proposes to add WOO pools in Stargate on all 7 supported blockchains and seed 1M WOO on each chain to start with.

4. WOOFi will enable WOO cross chain bridging / swapping on top of Stargate natively in the WOOFi UI.

5. There is great synergy between the products offered by WOOFi, Stargate and Layerzero, with WOO supported on Stargate it makes a lot easier for WOOFi to have deeper integration with Stargate and Layerzero in other products such as earn and stake.