Wing Finance
ValidatedDeFi
Lending
WING$4.46+2.2% ↑
A cross-chain DeFi platform
- 669 Followers669 Followers
- 170 Likes170 Likes
About Wing Finance
Wing is a 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.
Wing Finance is a decentralized finance (DeFi) platform designed to support cross-chain collaborative lending. The platform aims to create a credit-based DeFi environment that provides innovative decentralized financial products for users. By leveraging decentralized governance and risk control mechanisms, Wing Finance enhances financial inclusivity and offers a variety of DeFi products, including lending, borrowing, and insurance.
The mission of Wing Finance is to advance the DeFi ecosystem by offering secure, transparent, and efficient financial services to a broader audience. This approach ensures that even those who have been traditionally excluded from financial systems can participate and benefit from decentralized finance. By integrating cross-chain capabilities, Wing Finance aims to operate seamlessly across multiple blockchain networks, thus enhancing its utility and reach.
Wing Finance Magic Store Validation Score
See Results ››Validation Score
4.5Validation Date: -
- hereYes
- LSDcryptoYes
- rajkishorsaYes
- vexYes
- MerlenYes
- thanh3636363Yes
- ShakibaaliYes
- psingh38041Yes
- gulammohdYes
- DjwalaYes
- heimohuimaYes
- Dmitriy159No
- GmAdviceYes
- zolko2017Yes
- madanasolanYes
- mohammaYes
- AnatoliiYes
- sgtishkuYes
- victor nepolianYes
- AcEYes
Wing Finance Review Score by Real Users
- 41
- 12
- 2
- 0
- 0
WING Token Price Chart (Real Time)
Token Statistics
- Market Cap$20,627,994.00
- Volume$4,116,026.00
- Circulating Supply4,611,787.39
- Max Supply10,000,000
- FDMC$34,164,453
About Wing Finance Token
The WING token is the governance token of Wing Finance. It plays a crucial role in the platform’s decentralized governance model, allowing holders to vote on and determine the outcomes of WING Improvement Proposals (WIPs). These proposals can range from operational changes to strategic initiatives that guide the future direction of the platform.
In addition to its governance utility, WING can be staked in Wing’s Insurance pool. This staking mechanism provides security and insurance to the protocol’s suppliers, ensuring a stable and secure platform. Stakers are rewarded with staking rewards from the protocol, offering an incentive for participation and support of the network.
The WING token is also integral to the platform’s risk control mechanisms. For instance, Wing DAO has implemented a token burn mechanism where a portion of the DAO’s revenue is used to buy back and burn WING tokens from the open market. This process reduces the total supply of WING, potentially increasing its value over time. The smart contract for the token includes a commitment to burn 50% of the total amount of tokens issued, which positively impacts the token’s price appreciation both in the short and long term.
WING tokens can be purchased on several exchanges, including Binance, OKX, MXC, and Gate.io. Additionally, users can acquire pWING (ERC-20) on SushiSwap, WING (BEP-20) on BabySwap, and WING (OEP-4) on OpenOcean.
Wing Finance Magic Store Trust Score
- Audit Score
- 1No. Of. Audits
- HighScore
- Security Validators Score
- 19.02.2024Validation Date
Wing Finance User Trust Reviews
Wing Finance FAQ
Wing Finance employs advanced cryptographic techniques and decentralized mechanisms to ensure the security of cross-chain transactions. These include the use of smart contracts, multi-signature wallets, and rigorous security audits. The platform's security protocols are designed to protect assets during transfer between different blockchain networks, ensuring that users' funds are safe and secure at all times.
The Wing Credit Evaluation Module offers a unique approach to DeFi lending by assessing users' creditworthiness based on their on-chain activities. This module considers factors such as transaction history, asset holdings, and repayment behavior to provide personalized lending terms. This innovative feature enables more accurate risk assessment and better lending conditions for users, making Wing Finance a leader in credit-based DeFi solutions.
The WING token burn mechanism reduces the total supply of WING tokens in circulation, potentially increasing their value over time. By using a portion of the DAO's revenue to buy back and burn WING tokens, the platform creates a deflationary effect. This mechanism benefits token holders by enhancing the scarcity and value of their tokens, providing long-term value appreciation.
Wing Finance operates under a decentralized autonomous organization (DAO) model, which empowers token holders to participate in governance decisions. The DAO allows users to propose and vote on WING Improvement Proposals (WIPs), influencing the platform's development and strategic direction. This model ensures transparency, community involvement, and decentralized control, fostering a collaborative environment for all stakeholders.
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