A Credit-based, Cross-chain DeFi Platform.
What is Wing?
Wing has built a decentralized finance (DeFi) platform to support cross-chain collaborative interactions between various DeFi products. Combining the platform's decentralized governance model, the risk control mechanism introduced by Wing promotes a healthy, benign relationship between borrowers, creditors and guarantors, allowing the implementation of a wider range of DeFi plans on the platform and thus providing users with more DeFi products of premium quality.
Wing has showcased an innovative credit valuation module as a strong support for DeFi credit products on the Wing platform.
Wing Pools
There are currently two types of pools: Flash Pool and Inclusive Pool.
Wing Project
Wing has designed a DeFi platform dedicated to the digital asset lending market, supporting cross-chain collaboration between various DeFi products. This platform is currently being built out. Wing's decentralized governance model and risk control mechanism intends to promote an equally beneficial relationship between borrowers, creditors, and guarantors. In addition, Wing displays a truly innovative credit evaluation module as an example of credit-based DeFi.
WING Token
Governance
WING token holders may participate in the governance of the Wing DAO community. This includes voting for the launch of new products, product application rules of the WING token, allocation of the Wing DAO community fund, and possibly other new governance proposals for community.
Incentive
The daily constant release of WING tokens is assigned to each product based on the transaction volume of DeFi products on the Wing platform. Each product will allocate WING tokens to the debtor, creditor, and guarantors who in turn provide deposits according to the existing allocation rules.
Release
80% of the total supply of WING tokens will be released regularly as liquid incentives and deposit based incentives. The remaining 20% will be kept in an escrow account for the Wing DAO community fund in order to ensure long-term community governance, risk control and emergency response actions.
Wing DAO
Wing encourages more new product proposals from the community to create better decentralized financial products, and jointly build a decentralized credit financial ecosystem with the Wing DAO community.