Wombat Exchange · interactive mechanism simulation

LPs deposit a single token; each token's coverage ratio (assets ÷ liabilities) sets swap pricing. Traders/arbitrageurs are paid to push imbalanced tokens back toward equilibrium. A risky side pool is walled off from the main stablecoin pool — edit the parameters, or trigger the 2022 aBNBc depeg to see the firewall.
LPs single-sided deposits 60% → USDC Main Pool coverage-ratio priced swaps USDC 1.00× USDT 1.00× Traders swap & arbitrage 1.6 swaps/s MasterWombat WOM emissions → veWOM lock 0 WOM emitted 0 veWOM locked Side Pool — aBNBc risk-isolated, walled off reserve: 100%
Swaps simulated
0
Main pool TVL
1,000 tokens
Coverage ratios
1.00× / 1.00×
WOM emitted / veWOM locked
0 / 0
Side pool reserve
100%
Parameters — edit me
1.6/s
60%
40
65%
Controls

Illustrative simulation. Reflects the researched Wombat Exchange mechanism (single-sided deposits, coverage-ratio-priced swaps, WOM/veWOM emissions, side-pool risk isolation), but trade sizes, timing, and exact pricing curves are simplified and randomized for visualization — not live onchain data. The December 2022 Ankr aBNBc mint bug drained the side pool while leaving the main stablecoin pool untouched, as reproduced here. Part of The Onchain Experiment Atlas.