WIP-74 Passes: P2P Pool Reserve Factor Adjusted
WIP-74 Passes: P2P Pool Reserve Factor Adjusted
🚀 P2P Pool Shakeup
The Wing community has unanimously approved WIP-74, a proposal to adjust the Reserve Factor for assets in the P2P Pool from 0% to 20%. This change aims to:
- Promote long-term growth
- Balance between pools
- Add safeguards for future developments
The proposal received 20,197 votes in favor. This follows a recent vote to close BUSD pools and reduce interest rates to 0%, which also passed with 100% approval (21,330.99 WING votes).
These decisions reflect the community's commitment to safeguarding the Wing ecosystem and adapting to market conditions.
Next steps: Stay tuned for implementation updates and potential impacts on lending and borrowing activities.
🚀 WIP-74 PASSED! 🚀 The proposal to adjust the Reserve Factor for assets in the P2P Pool from 0% to 20% was unanimously approved with 20,197 votes! ✅ This change will promote long-term growth, balance between pools, and add safeguards for future developments. 💪
Wing Finance Flash Pool Update: WIP-77 Passes, ETH Supply Reopens
Wing Finance's proposal WIP-77 has passed, implementing key changes to the Flash Pool: - sUSD supply and borrow functions have been disabled - ETH supply function is now active - Borrowing will resume in 48 hours This follows the successful WIP-74 implementation, which adjusted the Reserve Factor for P2P Pool assets from 0% to 20%. These updates aim to enhance platform security and promote sustainable growth. **Key Changes:** - Flash Pool modifications - ETH supply enabled - Controlled borrowing restart - Enhanced security measures Visit [Wing Finance](https://wing.finance) to learn more about these updates.
Wing Finance Expands Options on Binance Chain
Wing Finance has expanded its offerings on Binance Chain, enhancing its cross-chain DeFi lending platform capabilities. The platform now provides: - Additional lending and borrowing options - Improved stablecoin yield opportunities - Enhanced cross-chain functionality Users can explore new yield opportunities that aim to provide better returns than traditional banking. Access these features at [Wing Finance](https://yield.wing.finance). The expansion builds on Wing's credit-based lending infrastructure, facilitating seamless asset management across multiple blockchains.
Wing Finance Governance Vote: sUSD Collateral Factor Adjustment
Wing Finance has initiated a critical governance vote (WIP-77) to address security concerns regarding sUSD. The proposal aims to: - Set sUSD collateral factor to 0% - Disable sUSD supply and borrow functions This protective measure comes in response to irregular price fluctuations that could pose risks to user assets. The vote follows a similar previous action on BUSD pools, demonstrating Wing's ongoing commitment to risk management. **Voting Details:** - Deadline: August 11, 08:00 UTC - Vote at: [Wing Finance Governance](https://wing.finance/votedetails/77) Users are encouraged to participate in this important governance decision.
Wing Community Auction March 2025
The March 2025 Wing Community Auction launches March 24th with exclusive access through ONTO Wallet. Half of all auction proceeds will contribute to $WING token buybacks. Key Details: - Auction Start: March 24th, 2025 - Platform: ONTO Wallet (exclusive) - Revenue Split: 50% for $WING buybacks This continues Wing's monthly auction tradition, maintaining the same structure as previous months.
Wing Community Auction February 2025
Wing's monthly Community Auction launches February 24th, exclusively through ONTO Wallet. The initiative maintains its commitment to token economics, with 50% of auction proceeds allocated to $WING buybacks. Key Details: - Date: February 24th, 2025 - Platform: ONTO Wallet exclusive - Revenue split: 50% for $WING buybacks This continues Wing's established monthly auction pattern, following the same format as January's event.