WOO launches with 60% APY on Loopring’s WOO/USDT pool

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DeFi users and WOO token holders will be able to earn additional rewards when the WOO/USDT pool goes live on Wednesday. Loopring is a layer-two Ethereum AMM and orderbook exchange. Users wishing to trade or swap assets in a scalable and cheap environment can deposit to Loopring’s smart contracts, which then transfers the tokens to a second layer or ‘side-chain’ on top of Ethereum. On this second layer, transactions are not constrained by the high gas fees and slow confirmations of the main Ethereum chain. Read on Medium

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