Wing Finance is now live on Binance Smart Chain

By integrating onto BSC, a blockchain known for its high speeds and low fees, Wing will open up its unique lending, borrowing, and insuring options to millions of new DeFi users. The initial supported assets include WING, ONT, BTCB, ETH, BNB, USDT, BUSD, USDC, DOT, ADA, BCH, XRP, DAI, LINK, LTC, DOGE, CAKE, and FIL.

This launch will enable BSC users to access Wing’s credit-based DeFi ecosystem featuring a blockchain-based reputation system. This system rewards users for building a positive reputation on the blockchain by offering them preferential lending rates.

WING rewards will be shared between the Ontology, Ethereum, BSC and OKExChain Flash Pools. The total sum of the distribution ratio for the four Flash Pools will be equal to the current rate of 0.03 WING/s. On the launch day of BSC Wing, 10% of the total aggregate valid borrowed amount of the Ontology Flash Pool, the Ethereum Flash Pool and the OKExChain Flash Pool will be used as an initial estimated valid borrow amount.

 

Wing

Wing is a credit-based, cross-chain decentralized lending platform. By building a DeFi platform dedicated to the digital asset lending market, Wing supports cross-chain collaboration between different DeFi products.

Source

https://medium.com/wingfinance/wing-ontologys-cross-chain-defi-lending-platform-is-now-live-on-binance-smart-chain-opening-up-e66ee35681c

Source: https://thebittimes.com/wing-finance-is-now-live-on-binance-smart-chain-tbt6329.html?utm_source=blogger_source&utm_medium=blogger_medium&utm_campaign=blogger_cam

Category: Chain news

Post by: TheBitTimes.com