Wing (WING) aims to establish a decentralized lending market based on credit scores and supporting cross-chain asset and protocol interaction.
The project will support two types of lending behaviors:
Over-collateralized lending: Users can make loans by mortgaging assets whose value exceeds 125% of the loaned assets.
Credit score lending: Users with OScore can make loans by mortgaging assets whose value exceeds 80% of the loaned assets. According to the initial platform settings, users who carry out credit score lending can usually lend assets with a total amount of 20-500 US dollars. Credit score loans are capped at $1,000.

WING token planning has the following use cases:
Voting on new project development, network setting changes, community fund planning, etc.
Enjoy discounts when paying interest to the platform.
When buying insurance contracts for mortgaged assets.

According to the initial network settings, 68.50% of WING will be used for community incentives and distributed according to the following ratio:
50% will enter the Lending Pool, which is allocated to mortgage assets for others to borrow and receive interest user.
40% enters the Borrowing Pool, which is allocated to users who lend assets and pay interest.
10% goes to the Margin Pool, which is the fund pool that stores the interest of the platform. This fund will be used to pay for the financial loopholes of credit loan defaults. Users can transfer assets into the Margin Pool and receive WING token rewards.

Project Introduction

Wing is building a credit-based decentralized finance (DeFi) platform dedicated to the digital asset lending market to support cross-chain assets and protocol interactions. In addition to the over-collateralized loan services often offered by DeFi projects today, Wing also plans to introduce a credit-based lending mechanism using Distributed Identity (DID). Users with OScore can make loans by mortgaging assets whose value exceeds 80% of the loaned assets.
Wing also plans to introduce new collateral types, which will be carried out in two phases: the first phase is to implement cross-chain asset collateral, while the second phase is to explore the possibility of collateralizing NFT and off-chain assets . The project launched Wing DAO, a governance platform autonomous organization (DAO).
WING token holders can vote for new product development, platform parameter changes, community fund distribution, etc. In addition to voting, WING tokens are planned to be used to enjoy discounts when paying interest to the platform and to purchase insurance contracts for mortgaged assets.