DEX project WOOFi is exploring the use of game-style NFTs to promote DeFi development

BlockBeats news, July 10, according to CoinDesk, WOOFi, a sister agency of the cryptocurrency trading platform WOOX, is applying new elements of the role-playing game (RPG) world to DeFi, using NFTs to increase the income generated by customers staking tokens on the platform, aiming to promote the development of DeFi.

Drawing on the experience of role-playing games, income generation boosters (Boosters) can be obtained by completing challenges such as cross-chain swaps, depositing income vaults, or trading on WOOFi Pro. It can increase the income of staking WOO tokens, which are staked to obtain a share of DEX fees.

The GameFi field usually uses inflationary issuance of native tokens to generate income, while WOOFi distributes income based on platform fee sharing.

The WOO ecosystem is known for launching index-pegged memecoin perpetual contracts on the centralized platform WOOX, and is currently attracting users familiar with blockchain games and exploring the concept of functional NFTs, which have actual functions in addition to their collection value.