Yield Aggregator · Review
ActiveWOOFi Earn Review 2026: Supercharger Vaults and Risks
WOOFi Earn offers single-sided Supercharger vaults that lend liquidity to the WOOFi swap pool and let a pool manager handle it. It suits users comfortable with DeFi risk, but the 2024 exploit is a factor to weigh.
By the DappsAtlas editorial team · Updated
DappsAtlas score
6.5/10
Good
Our verdict on WOOFi Earn
6.5/10WOOFi Earn suits DeFi users who want single-sided yield from a DEX liquidity pool without managing positions. Its main strength is the simple vault model on nine chains, backed by listed audits and docs. The main caveat is the March 2024 reported $8.75 million loss, plus unpublished current fees and variable yield. Start small and read the docs.
Score breakdown
How WOOFi Earn scores
- Security
- 5.5/10
- Ease of use
- 7.0/10
- Fees
- 5.0/10
- Features
- n/a
Scores run from 0 to 10 and are based only on facts we could verify. Where information was missing we mark the score n/a rather than guess.
What is WOOFi Earn?
WOOFi Earn is the yield product of WOOFi, a cross-chain DEX that also offers swaps, staking and perpetual futures. Its Supercharger vaults let users provide liquidity to WOOFi swap with a single asset, while the sPMM pool manager handles the position.
DefiLlama lists it under Yield on nine chains: Arbitrum, Optimism, Base, BNB Chain, Avalanche, Polygon, Mantle, zkSync Era and Fantom. TVL is about $3.9 million, up 0.5% over seven days, and the project has been listed since November 2022. It is tied to the WOO token.
The main risk marker is the March 2024 incident, when WOOFi reported an $8.75 million loss and offered a 10% bounty. Anyone considering WOOFi Earn should weigh that alongside the two audits listed.
How WOOFi Earn works
WOOFi is a DEX built around a synthetic proactive market making algorithm, called sPMM. Swaps are priced from this algorithm, and the pool needs liquidity from depositors.
In WOOFi Earn, users deposit a single asset into a Supercharger vault. The vault supplies that liquidity to WOOFi swap, and the pool manager handles it on the user's behalf. According to the developer docs, SuperChargerVault is the contract users deposit into, and a LendingManager contract handles the lending side.
Yield comes from the activity of the swap pool. Because users hand over management, returns vary with trading volume and market conditions, and there is no guarantee of a fixed rate.
6 features
Key features
01
Single-sided Supercharger vaults
Vaults take one asset, so users do not need to pair tokens or manage impermanent loss themselves.
02
Delegated liquidity management
Deposited liquidity is managed by the sPMM pool manager, so users do not rebalance positions themselves.
03
Multi-chain availability
Earn is offered on nine chains in the DefiLlama listing, including Arbitrum, Base, BNB Chain and Optimism.
04
Part of a wider DEX suite
WOOFi Earn sits beside swaps, staking and perpetual futures in the same app, so users can use other products from one interface.
05
Published audits and docs
DefiLlama lists two audits, and the project has an audits page and developer docs describing the vault and lending-manager contracts.
06
WOO token integration
The project's WOO token is used across its ecosystem, including staking on WOOFi, according to the project's posts.
Pros and cons
What we like
- Single-sided deposits avoid pairing tokens in a liquidity pool.
- Liquidity management is delegated to the sPMM pool manager.
- Available on nine chains, including Arbitrum, Base and BNB Chain.
- Two audits are listed and developer docs describe the contract structure.
- Operating since November 2022 as part of a larger DEX with swaps, staking and perps.
Watch out for
- Smart-contract risk: WOOFi Swap suffered a reported $8.75 million loss in March 2024, which is a relevant part of the track record.
- Yields depend on the sPMM market-making pool, so returns can fall when trading volume drops or markets move sharply.
- Vault mechanics, current APYs and withdrawal terms are not public, so users must read the docs before depositing.
- Spread across many chains, so users face bridging, gas and wallet management on each network.
- TVL of about $3.9 million is modest, which can mean thinner liquidity than larger yield platforms.
- The site shows a blocked-address notice, so access can be restricted for some users.
WOOFi Earn fees
The project does not give a current fee schedule for WOOFi Earn. A June 2022 third-party article said WOOFi took a 3% fee, of which 2.5% funded WOO buybacks and 0.5% covered auto-compounding gas. Treat that as historical, since the terms may have changed.
Users should check the vault details on the Earn page and the docs for current performance fees and network gas costs before depositing. Gas on each chain is paid separately.
Is WOOFi Earn safe?
DefiLlama lists two audits, and the project publishes an audits page and developer docs. The docs describe a SuperChargerVault contract that holds user deposits and a LendingManager contract. Funds sit in smart contracts, so users carry contract risk rather than counterparty custody risk.
In March 2024, WOOFi reported an $8.75 million loss and offered a 10% bounty for the return of funds, with WOOFi Swap expected to be restored within about two weeks. This is part of the track record. The site also shows a blocked-address notice, so check the terms of use and local rules before using it.
6 steps
How to get started with WOOFi Earn
- 1
Confirm that using the platform is allowed where you live, and note that the site shows a blocked-address message for restricted wallets.
- 2
Install a compatible wallet and fund it with the asset you want to deposit plus gas on the chosen chain.
- 3
Open the WOOFi site, connect your wallet, and go to the Earn section.
- 4
Choose a chain and a Supercharger vault, and read its details, including fees and withdrawal terms.
- 5
Deposit a small amount first and confirm the transaction.
- 6
Monitor the position and read the docs and audit page for updates.
Who WOOFi Earn is for
WOOFi Earn is for DeFi users comfortable with smart-contract risk who want yield on a single asset, and who already use or want to try the WOOFi ecosystem. It is less suited to users who need fixed returns, insured deposits, or fully documented current fee terms.
WOOFi Earn FAQs
What is WOOFi Earn?
WOOFi Earn is the yield product of the WOOFi DEX. Its Supercharger vaults let users deposit a single asset, which is used to provide liquidity in WOOFi swap through the sPMM pool manager, to earn yield.
Which chains does WOOFi Earn support?
WOOFi Earn is listed on Arbitrum, Optimism, Base, BNB Chain, Avalanche, Polygon, Mantle, zkSync Era and Fantom. Available vaults may vary by chain, so check the Earn page for the current list.
Is WOOFi Earn safe?
WOOFi Swap reported an $8.75 million loss in March 2024 and offered a 10% bounty for return of the funds. Public sources show two audits are listed, but audits do not remove smart-contract risk, so only deposit what you can afford to lose.
What fees does WOOFi Earn charge?
A 2022 third-party write-up says WOOFi charged a 3% fee on Earn, with 2.5% going to WOO buybacks and 0.5% to auto-compounding gas. That figure is dated, so confirm current fees in the official docs.
Does WOOFi Earn have a token?
WOO is the token tied to the WOOFi ecosystem, and DefiLlama lists it as the project's token. WOO can be staked on WOOFi, according to the project's posts.
How do I deposit into WOOFi Earn?
Connect a compatible wallet on the WOOFi site, open the Earn section, pick a chain and vault, and deposit. A blocked-address notice appears on the site for restricted wallets.
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How we checked
Sources
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