TechFlow news, March 26 — WOO X today announced the launch of My WOO and a major revamp of WOO Staking, replacing inflationary staking rewards with revenue sharing from trading fees, delivering real yield to users.
According to Ben Yorke, Vice President of the WOO Ecosystem, key changes in the new system include:
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Replacing inflationary staking rewards with earnings derived from actual trading fees on WOO X and WOOFi
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User entitlements determined by average daily holdings of WOO across Spot, Vault, yield farming, and Staking
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Elimination of the 7-day lock-up period; standard unstaking is fee-free with funds available within 24 hours
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Platform-managed on-chain staking and automatic USDC yield compounding, with daily WOO buybacks
Data shows that in the first quarter of this year, WOO Staking has already generated over $1.03 million in USDC rewards, automatically compounded 6.4 million WOO, and burned 5.3 million WOO. Currently, 86% of the total token supply has been issued, and all fundraising vesting periods have concluded. Yorke stated that staked WOO tokens are expected to reach 17% of the total supply this year.
In addition, WOO plans to release a roadmap report in early April highlighting its AI-powered trading platform and will launch incentive programs for loyal users.
