Bottle of the Week: Wing
Hi babies, how y‘all doing this week? On this lovely Saturday, BabySwap brings babies Bottle of the week — Wing.
Numerous outstanding projects have performed well in the Bottle competition this week and are ready to fight for the final round. Bottle is a great place for gem projects to show their liquidity, trading volume, market fame, and increase their marketing awareness. If you wanna know more about the projects, you could always use your BABY and vote for them to make the Bottle of the Week and check for more details.
For Bottle of the Week, we will introduce a glowing project from BabySwap Bottle every week. Guess who’s baby’s favorite?
Let us welcome the selected project this week — Wing.
Introduce by Baby
Wing is a credit-based, cross-chain decentralized lending platform. As a DeFi platform dedicated to the digital asset lending market, Wing supports cross-chain interactions between a variety of DeFi products. Combined with the Wing DAO (decentralized autonomous organization), the platform’s decentralized governance model and risk control mechanism aim to foster mutually beneficial relationships between borrowers, creditors, and guarantors. In addition, Wing offers an innovative credit evaluation module that rewards users for developing good credit on the blockchain. For more, visit wing.finance.
Our mission is to introduce credit into the world of decentralized lending and borrowing, enabling everyone to be part of the DeFi ecosystem.
Our vision is to promote mutually beneficial relationships between borrowers, creditors and guarantors, and promote an innovative credit evaluation module to support DeFi adoption and ease-of-use.
Learn more about Wing.
Chat with Baby
Our baby invited Wing to the house and chatted a little bit, here’s the record!
1. What are the main advantages of Wing for the user, compared to the similar projects?
Compared to other DeFi Projects, there are several highlights of Wing as follows:
- Supports cross-chain collaboration and decentralized governance throughout a range of DeFi projects.
- Includes a risk control mechanism that promotes mutually beneficial relationships between borrowers, creditors and guarantors.
- Bridges DeFi and traditional finance via its decentralized credit system.
2. What is your security strategy? How do you protect your users, their funds and data?
While continuing to innovate, Wing always puts the security of the project and its users’ assets first. Wing offers the unique Insurance Pool to ensure assets safety. Insurance pool guarantees the security of the assets of each pool by incentivizing the locking of WING. Once the assets mortgaged by the asset user is not enough to repay the loan, the WING in the insurance pool will pay.
Furthermore, Wing has established Wing’s Assets Risk Model, which focuses on the risk assessment for assets supported by Wing. The risk assessment considers market, counterparty, and smart contract risks, for the assets supported by Wing. The Wing Risk Management Team believes the assessment contributes to a safer, more secure DeFi ecosystem.
Wing launched and has been running for nearly 1 and a half years without being hacked. For a DeFi project, it’s rare to have such a proven security record. The longer a particular version of Wing is out on the market, the closer the risk of Wing being hacked approaches zero.
Meanwhile, all versions of Wing have passed audits by Beosin, CertiK and PeckShield. For details, please refer to: https://docs.wing.finance/#audits
Besides, InsurAce.io who leads Multi-Chain Decentralized Insurance has listed Wing on their dApp, allowing users to protect their assets against any smart contract violations.
3. What’s your roadmap for the next couple of months?
Innovation and optimization are key to the way we think about the development of the Wing platform. We will explore more chains and add more tokens in the pool. At the same time, we will continue to improve our risk control and various mechanisms and distribution models.
Check more details at Wing Finance 2022 Roadmap: https://medium.com/wingfinance/wing-finance-2022-roadmap-3b3a7214ba33
4. Tell me a little more about your latest feature.
We are currently launching the new version of Wing Flash Pool, on the Ontology EVM. Also, we now support Coinbase Wallet and Huobi Wallet. Wing users can participate in the Ethereum version of Wing Flash Pool using Coinbase Wallet. Meanwhile, we improved our Assets Risk Model to provide a more secure environment for users.
5. Why did you decide to cooperate with BabySwap?
- We appreciate the atmosphere of the BabySwap community, which is alway active and passionate to participate in our social campaign, as well as sharing interesting ideas.
- Also, BabySwap has advanced technology and strategies. CurrentlyBabySwap is ranked in the top 5 of the Dexes on BNB Chain.
- We hope that Wing and BabySwap continue cooperating to bring more TVL to Wing.
6. Did you hold or are you going to hold any event for Bottle?
Yes, “Swap and Save with Wing and BabySwap’’ event is ongoing now and it is very popular, which will help to promote the awareness of BabySwap & Wing Finance. We will also continue to hold various events in the future to jointly promote the development of Wing Finance and BabySwap.
7. Are you going to have any other cooperation with BabySwap? What are they?
Sure! We plan to continue the cooperation of the farming pool of WING-USDT LP for two months, since we are very satisfied with the outcome for both sides. In the future, we’ll discuss whether to add BABY for supplying and borrowing on Wing Flash Pool (BNB Chain).
8. Say something nice to the baby!
BabySwap is very supportive in past events and provides lots of rewards to attract people to participate. The liquidity of WING in BabySwap on the BNB chain will be enhanced to maintain a good ecology.
Moreover, by participating in the BabyBottle Campaign, a few excellent opportunities have been found by the public. With increasing market awareness, the events will reach a bigger audience which is great!!
Hope BabySwap and Wing Finance will grow together. Baby is the best!
BabySwap Bottle welcomes more projects to join, and is committed to bringing more events and benefits to babies.
Guess what’s the glowing project next week?
Let’s warm the bottle up for the baby!
Disclaimer — All projects are subject to both high market risk and volatility. Please, do your own research and full due diligence before even considering investing your funds in any project and please, make your investments very cautiously. BabySwap will not be held responsible for any investment losses.