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Wing is described to be a credit-based, cross-chain DeFi lending platform dedicated to the crypto asset lending and cross-chain interactions between DeFi products. The project's decentralized governance model and risk control mechanism are described to promote a mutually beneficial relationship between borrowers, creditors, and guarantors. Wing has also developed a credit evaluation module as a showcase example of credit-based decentralized lending. There are several project highlights:
Flash Pool: As the first product on Wing, the Flash Pool claims to support assets lending and it has introduced Insurance Pool to lower assets risks. It is claimed that users can earn rewards in Wing from the Flash Pool by lending, loaning and depositing. It currently supports assets like to ONT, ETH, wBTC, USDT & DAI.
Credit Lending: It is also claimed that Wing will launch the IF Pool, a credit-based lending product where users with an OScore can deposit assets which the value is 80% or higher than that of the assets borrowed.
Community Proposals: It is further claimed that Wing DAO is where community members are encouraged to submit proposals for DeFi services. The community would be able to make decisions independently on product launches. The model also allows autonomy in product application rules like interest rate adjustment, the termination and cancellation of products.
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Sep 16, 2020 (4 months ago)
Oct 30, 2020 (3 months ago)