Wing is a DeFi lending platform that is dedicated to building out the next generation of asset lending instruments. The main goal of the platform is to build out a credit-lending system within DeFi. There are two main types of lending activity that WING supports. The first is over-collateralized lending where users deposit 125% or higher than what is borrowed.
The second type, true to the main mission of WING, is credit-based lending. Through this latter form of lending, users receive an OScore and can deposit 80 or higher of what is being borrowed. The platform also supports interoperability interaction across blockchains within the larger DeFi ecosystem. Drew this lending platform, Wing hopes to provide an environment that is mutually beneficial for borrowers creditors and guarantors. With the WING token, holders can do things like participate in governing activities, receive cool incentives by participating in the platform and make decisions for the DAO community fund. Wing was actually developed by the ontology team.
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