Wing is building a credit-based DeFi platform dedicated to the digital asset lending market to support cross-chain asset and protocol interactions . In addition to the over-collateralized loan service that DeFi projects often provide today, Wing plans to introduce a credit-based lending mechanism using Distributed Identity (DID), as well as introduce new collateral types, and it will be done in two phases: The first phase is the implementation Cross-chain asset mortgage, and the second stage is to explore the possibility of mortgage of NFT and off-chain assets.
WING token holders can vote for new product development, platform parameter changes, community fund allocation, etc. . In addition to voting, WING tokens are planned to be used to receive discounts on interest payments to the platform and to purchase insurance contracts for collateralized assets.
