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WOOFi, a DEX project, is exploring the use of game-style Non-fungible Tokens to promote the development of Decentralized Finance.
BlockBeats news, on July 10th, according to CoinDesk, WOOFi, the sister organization of the cryptocurrency trading platform WOOX, is applying new elements from the role-playing game (RPG) world to Decentralized Finance, using Non-fungible Tokens to enhance customers’ earnings from staking Tokens on the platform, aiming to promote the development of Decentralized Finance. Drawing from the experience of role-playing games, earnings boosters can be obtained by completing challenges such as Cross-Chain Interaction exchanges, depositing earnings into the treasury, or trading on WOOFi Pro. These boosters can improve the earnings from staking WOO Tokens, which are staked to receive DEX fee splits. The GameFi field typically generates earnings through the inflationary issuance of native Tokens, while WOOFi distributes income based on platform fee splits. The WOO ecosystem is known for launching memecoin Perptual Futures linked to indices on the centralized platform WOOX, and is currently attracting users familiar with blockchain games while exploring the concept of functional Non-fungible Tokens, which have practical functionality in addition to their collectible value.