With the recent launch of Ethereum virtual machines on the Ontology blockchain, Wing Finance has launched the first Flash Pool Ontology Ethereum Virtual Machines (EVMs) to provide an exciting cross-chain ecosystem and access to a large number of new credit users. Provided.
Following the announcement of the Ontology on March 1, 2022, it reported that EVM was successfully integrated with its blockchain.
This is the fifth flash pool to be launched following the successful launch of the Ontology, Ethereum, OEC, and BNB chains, further strengthening Wing’s reputation as a cross-chain Web3 decentralized finance (DeFi) project. To do.
The original flash pool is still the largest locked total, launched in the ontology chain, and has performed well since the first launch. The launch of the Flash Pool Ontology EVM promises to offer many new opportunities for Web3 spaces and access to a variety of new partners and users.
Wing is excited about the range of possibilities the new flash pool offers to its users. These benefits include expansion into a new ecology space with access to new collaborations such as the possibility to build with an ontology EVM-based decentralized exchange. All transactions are paid on Ontology Gas (ONG) and benefit from the fast and cheap nature of the Ontology blockchain, which has obvious economic benefits for pool users.
Meanwhile, the new Flash Pool Ontology EVM includes support for MetaMask and ONTO web and mobile wallets, making it easy to onboard new users. Finally, with the courtesy of the Ontology Team, there is an Ontology EVM Fund that can provide financial and technical support to the Wing.
At startup, the flash pool supports seven digital tokens, including Wing Finance (WING), WONT, ONG, Ether (ETH), Wrapped Bitcoin (WBTC), Tether (USDT) and USD Coin (USDC).
Users can supply and borrow these assets and use WING to join the insurance pool. The following rules apply.
Regarding the distribution of incentives, WING incentives are currently shared among Ontology, Ethereum, BNB, and OEC Flash Pools. The sum of their distribution ratios is equal to 0.03 WING. On the day the Flash Pool Ontology EVM is up and running, 10% of the current effective supply and borrowing of the flash pool will be used as the initial estimated effective supply and borrowing of the initial allocation.
With the launch of the Flash Pool Ontology EVM, Wing has announced a two-week launch celebration. Take part in social media and flash pool campaigns and get the opportunity to win a share of 14,000 ONG, 1,060 WING, and non-fungible token rewards.
The launch of the new flash pool continues to show Wing’s support for cross-chain interaction and cooperation. As a platform that bridges DeFi and traditional finance through top-tier decentralized credit systems, we will continue to innovate DeFi and Web3, facilitating mutually beneficial relationships between borrowers, creditors and guarantors.
About Wing Finance
Wing Finance is a credit-based cross-chain decentralized lending platform. Wing is a DeFi platform dedicated to the digital asset lending market, supporting cross-chain interaction between various DeFi products. Combined with Wing’s Decentralized Autonomous Organization, the platform’s decentralized governance model and risk management mechanism aims to promote mutually beneficial relationships between borrowers, creditors and guarantors. In addition, Wing offers an innovative credit rating module that rewards users for developing great credit on the blockchain. For more information, please visit wing.finance.
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