GMCI joins WOO Innovation Hub to back Web3 high-growth sectors in Q2
24 Mayo 2024 - 8:30AM
WOO, an ecosystem of aligned products, including the WOOFi protocol
and WOO X, a top global crypto centralized exchange, is pleased to
announce that GMCI is joining its growing list of partners under
the WOO Innovation Hub.
VP of Ecosystem Ben
Yorke announced that the partnership with GMCI will support traders
and projects spanning Real World Assets (RWA), Decentralized
Finance (DeFi), Artificial Intelligence (AI), BTC Layer-2
solutions, and Decentralized Physical Infrastructure Networks
(DePIN) throughout Q2.
“Our strategy to back
high-growth sectors will be facilitated through our WOO Innovation
Hub, allowing for expanded coverage and assertive support of
promising protocols in the identified growth areas. Our
collaboration with GMCI through the WOO Innovation Hub will offer
our users expedited access to GMCI's indices and research.
Simultaneously, GMCI will benefit from growth-enabling resources
like access to listings, market makers, media, and partners. This
synergy will catalyze a potent flywheel effect as more high-quality
builders align with WOO.
GMCI to boost WOO Innovation Hub’s research
capabilities
“We're thrilled to partner with WOO, especially
given their receptiveness in our recent collaboration on listing
GMCI indexes on WOO X. This new collaboration not only amplifies
our reach, providing GMCI with invaluable resources and
connections, but also offers WOO Innovation Hub protocols expedited
access to our indices and research. Together, WOO and GMCI aim to
enhance market insights for traders while driving industry
innovation,” said Maarten Botman CEO of GMCI.
GMCI is a top-notch venture that provides
comprehensive financial services and index products to the crypto
asset management community. Led by industry veteran Maarten Botman
as CEO, GMCI has garnered support from notable figures such as
Evgeny Gaevoy, CEO of Wintermute, and Larry Cermak, CEO of The
Block, who will sit on its board of directors.
The flagship product of GMCI is the GMCI 30
index, which tracks the price performance of the top 30 crypto
assets. This index is a benchmark for evaluating returns and
managing risk for crypto and traditional finance investors. On
April 10th, WOO X listed three GMCI Index Perpetual Contracts -
GMCI 30, GMCI L2, and GMCI MEME - marking a significant milestone
as WOO X becomes the first centralized crypto exchange to launch
GMCI L2 and GMCI Meme indices, offering innovative trading
solutions for traders.
WOO is an ecosystem of
aligned products, including the WOOFi protocol, a leading DEX
protocol with over $13B cumulative trading volume and 250k+ monthly
active users, and WOO X a top global crypto centralized exchange -
all centered around providing innovations and tools to users while
creating more utility for the WOO token.
Before this
partnership with GMCI, the WOO Ecosystem had already secured a
strategic alliance with Merlin Chain, a leading Bitcoin Layer 2
protocol with over $3.6 billion in locked value, both entities
share a joint goal of dominating the fast-emerging Bitcoin DeFi
market by driving BTC L2 adoption. GMCI joins Merlin Chain to
support projects under the WOO Innovation Hub.
Contact
us: ecosystem@woo.network
About WOOFi
WOOFi is a leading DEX with over $14B cumulative
trading volume and 250k+ monthly active users. It supports 11
blockchains and boasts a diverse range of products that include
earn vaults, simple swaps, cross-chain swaps, and perpetual
futures. The native token of WOOFi is WOO and it can be staked to
share 80% of all protocol fees.
About GMCIGMCI is an index
provider incorporated in the Netherlands, as a Joint Venture
between Wintermute and The Block (theblock.co), and is building
unique indices with a tested methodology. GMCI indices will be
designed and managed by experts from both industry-leading
crypto-native and TradFi institutions. GMCI’s flagship index is the
GMCI 30.
DisclaimerThe content above is neither a
recommendation for investment and trading strategies nor does it
constitute an investment offer, solicitation, or recommendation of
any product or service. The content is for informational sharing
purposes only. Anyone who makes or changes the investment decision
based on the content shall undertake the result or loss by
himself/herself.