Background

Wing Finance

Wing is a credit-based, cross-chain decentralized lending platform. By building a DeFi platform dedicated to the digital asset lending market, Wing supports cross-chain collaboration between different DeFi products. Combined with the Wing DAO, the platform's decentralized governance model and risk control mechanism aim to foster a mutually beneficial relationship between borrowers, creditors, and guarantors. In addition, Wing innovatively showcases a credit evaluation module as a strong example of credit-based DeFi.

Wing is designed to promote a mutually beneficial relationship between borrowers, creditors, and guarantors through a decentralized governance model and risk control mechanism. Through this integration with Ethereum, Wing opens a new window of opportunity for lending and borrowing from the hundreds of unique assets on Ethereum. Through bridges and UI/UX integrations between the Ethereum and the Ontology versions of Wing, users will have access to lower costs and faster speeds, thanks to the Ontology blockchain.

Integrationstwitter

Wing Finance Community Auction Announcement

Thu 28th Nov 2024
Wing Finance has launched its monthly Community Auction, exclusively available through ONTO Wallet. A significant portion (50%) of auction revenues will be allocated to $WING token buybacks, continuing the platform's commitment to token value management. Key Points: - Auction accessible only via ONTO Wallet - 50% of revenue dedicated to $WING buybacks - Monthly auction cycle maintains consistent community engagement This initiative follows previous successful auctions, demonstrating Wing's ongoing commitment to community-driven value creation.
Community article

Wing Finance Community Auction Announcement

Thu 31st Oct 2024
Wing Finance announces its monthly Community Auction starting October 29th, exclusively through ONTO Wallet. Key features: - 50% of auction revenue allocated to $WING token buyback - Access restricted to ONTO Wallet users - Continues previous month's successful auction format This initiative follows Wing's ongoing commitment to community-driven value creation and token utility enhancement.
Community article

WIP-74 Passes: P2P Pool Reserve Factor Adjusted

Tue 15th Oct 2024
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.
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