Wing Finance

What is Wing Finance?

Wing is a decentralized finance (DeFi) platform designed to foster cross-chain collaborative interactions between various DeFi products. The platform leverages a decentralized governance model and an innovative risk control mechanism to create a symbiotic relationship between borrowers, creditors, and guarantors. This structure facilitates the implementation of diverse DeFi plans on the platform, thereby offering users a variety of premium-quality DeFi products. A standout feature of Wing is its credit valuation module, which provides robust support for DeFi credit products on the Wing platform.

Wing Token (WING)

Wing Token (WING) serves as the governance token for Wing Finance. It plays a crucial role in the platform's operations by allowing holders to vote on Wing Improvement Proposals (WIPs). Additionally, WING can be staked in Wing’s Insurance pool to provide security for the protocol and its suppliers. Stakers earn rewards from the protocol for their participation, ensuring a strong incentive structure for maintaining the platform's security and functionality.

• Incentive: Daily releases of WING tokens are based on transaction volumes, allocated to debtors, creditors, and guarantors according to existing rules.
• Release: 80% of WING tokens are released regularly as liquid and deposit-based incentives, with the remaining 20% reserved for the Wing DAO community fund to support long-term governance and risk control.

Wing Pools

Wing has expanded its DeFi platform across four major blockchain networks, offering a total of six pools designed for various financial needs:

• Ontology Network: Features both the Flash Pool (Ontology) for collateral-based lending and borrowing, and the Inclusive Pool for credit-based transactions.
• Ethereum Network: Hosts the Flash Pool (Ethereum), leveraging Ethereum's smart contract capabilities for secure DeFi transactions, including NFT-collateral mechanisms.
• OKXChain: Includes the Flash Pool (OKC), providing innovative collateral-based solutions within the OKXChain ecosystem.
• BNB Chain: Offers the Flash Pool (BNB Chain), benefiting from BNB Chain's high transaction speeds and low fees.
• Ontology EVM: Features the Flash Pool (Ontology EVM), using the Ethereum Virtual Machine for versatile DeFi services.

These deployments enhance Wing's interoperability and flexibility, allowing users to access a diverse range of financial products tailored to each blockchain's strengths.

Peer-to-Peer Pool

The Peer-to-Peer Pool addresses the mismatch of assets between borrowers and suppliers in the current lending pools. This innovative solution ensures that when no direct pairings are formed, funds are deposited into the ordinary lending pool. Once pairings are established, both suppliers and borrowers benefit from optimized interest rates, increasing supply APR for suppliers and decreasing borrow APR for borrowers.

Inclusive Pool

The Inclusive Pool integrates credit elements based on the Wing DAO framework. This asset pool supports a wide range of credit-based transactions, providing users with enhanced trading options and comprehensive trading guides to facilitate their activities.

WING DAO Governance Model

To participate in Wing DAO governance, users must hold WING tokens. Proposals can be submitted by any user with at least 1,000 WING tokens. The proposal process includes:

• Submission and community discussion over three days.
• A requirement of 100 views and engagement from at least 10 users.
• A vote initiated by the Wing Team after a 72-hour review period.

If a proposal is rejected, reasons are provided, and a revised proposal is put forward within three days. Proposals are fine-tuned to ensure clarity and effectiveness.

Wing DAO

Wing DAO encourages community members to discuss and submit proposals to enhance Wing's suite of decentralized financial services. Joining the Wing DAO allows members to contribute to building a decentralized, credit-based financial ecosystem accessible to all.

Partners and Similar Assets

Wing Finance's partners: Poly Network, SushiSwap, BabySwap, Celer cBridge, O3Swap, Flamingo, OpenOcean, ApeSwap, Mirror...

Similar assets to WING: Venus, Kava, Stella, BENQ, Beta Finance, Unifi Protocol DAO, Band Protocol, Celer Network...

Project Development

In April 2024, Wing Finance made significant strides in both product development and community engagement:

• Product Features: Wing Finance 2.0 is in development, promising new enhancements. Additionally, Binance is reviewing the temporary delisting of the $WING/BTC trading pair due to trading volume concerns.
• Ecosystem Expansion: Wing was highlighted as a top project on the BNB Chain, showcasing the highest TVL growth within 24 hours.
• Wing DAO Marketing Fund: Community votes resulted in the allocation of WING tokens for marketing: 35K from the Genesis Mining Multiplication Event, 50K from the community fund, and an additional 80K for marketing initiatives.
• Forecast: The team is focused on the upcoming release of Wing Finance 2.0, which promises significant improvements and new features.

Wing Finance Price Analysis

As of November 24 2024 Wing Finance has a marketcap of $28M. This is {{percentagefromath}} from its all time high of $249.54. In terms of its tokenomics, there's a total supply of 7.6M with 62% currently outstanding. Keep in mind Wing Finance has a fully diluted value of $45M which many investors might interpret as overvalued.

Of course, don’t trust price predictions alone, always check the Coinrotator token screener to follow the trending market.