WePiggy is an open source, non-custodial crypto asset lending market protocol.
In WePiggy's market, users can deposit specific encrypted assets to earn interest, and can also pay a certain amount of interest to borrow certain encrypted assets.
Compared with pioneers such as Compound and Aave, WePiggy will actively create a richer lending market, optimize the execution efficiency of smart contracts, and even expand more dimensional business logic on the premise of prioritizing financial security.

About the "WePiggy" brand

WePiggy comes from Slogan: "In Piggy, We Get Rich!"
"We" in WePiggy means us, and "Piggy" comes from "Piggy Bank". The survey found that whether in the East or the West, the image of the piggy bank is deeply rooted in the hearts of the people, and it can help users understand and strengthen the protocol positioning of the "asset lending market" very intuitively.
At the same time, the image of the piglet is cute, docile, and full of affinity, which is different from the stereotyped image of the traditional Banking System. The WePiggy protocol aims to spread the freedom and transparency of encrypted assets to as wide a user group as possible in a more friendly and concise way, and become a good partner for them to manage wealth.

Review of WePiggy's first year

In this year, the WePiggy protocol has landed on 8 public chains and second-tier networks. Ethereum, OKExChain, Binance Smart Chain, HECO Chain, Polygon, Arbitrum, Optimism, and most recently Moonriver.

Since the release of the WePiggy protocol on November 2, 2020, the locked volume has reached a maximum of 300 million US dollars, providing on-chain lending services for more than 45,171 users around the world.
The WePiggy protocol iterates one version per week on average. So far, a total of 52 versions of large and small have been updated, just to make more and more useful blockchain products.
For each iteration, as long as the smart contract of the business is modified, a third-party security audit will be conducted, and a total of 4 audits have been passed.
The WePiggy protocol has launched a total of 85 encrypted assets, and provides lending services for almost all mainstream assets in various public chains and second-tier networks. These assets have passed strict risk assessments and set prudent risk control parameters. They have also been extensively discussed and publicly voted by the WePiggy community.
Since the establishment of the WePiggy community on October 27, 2020, community members have written a total of 1,066 risk framework and product use-related documents totaling more than 500,000 words, completed 368 community daily reports, and initiated 31 governance proposals. 667 user addresses holding more than 12.94% of the total WPC have participated in on-chain governance.
Under the premise of ensuring the safety of user assets, more than 100 influential blockchain projects have established in-depth cooperation with WePiggy or achieved product-level integration, including: mainstream media, software or hardware in the industry Wallets, data analysis platforms, DeFi applications, and multiple public chain development teams or foundations.
The above data are all achieved under the premise that WPC is not open for collection.