Wing (WING) aims to establish a decentralized lending market based on credit scoring that supports cross-chain asset and protocol interaction.
The project will support two types of lending:
Over-collateralized lending: Users can borrow assets by staking collateral valued at more than 125% of the borrowed amount.
Credit-score-based lending: Users with an OScore can borrow by staking collateral valued at more than 80% of the borrowed amount. According to initial platform settings, users engaging in credit-score-based lending can typically borrow between $20 and $500. The upper limit for credit-score-based lending is $1,000.

The WING token has the following use cases:
Voting on new project development, network parameter changes, community fund allocations, etc.
Discounts on interest paid to the platform.
Purchasing insurance contracts for staked assets.

According to initial network settings, 68.50% of WING tokens will be allocated for community incentives as follows:
50% goes to the Lending Pool, distributed among users who stake assets for others to borrow and earn interest.
40% goes to the Borrowing Pool, distributed among users who borrow assets and pay interest.
10% goes to the Margin Pool, which holds a portion of the platforms interest earnings used to cover potential defaults on credit loans. Users can deposit assets into the Margin Pool and receive WING token rewards.

Project Introduction

Wing is building a decentralized finance (DeFi) platform focused on digital asset lending markets that supports cross-chain assets and protocol interactions, using a credit-based approach. In addition to over-collateralized loans commonly offered by DeFi projects, Wing plans to introduce a credit-based lending mechanism using Distributed Identity (DID). Users with an OScore can borrow by staking collateral valued at more than 80% of the borrowed amount.
Wing also plans to introduce new types of collateral in two phases: the first phase involves implementing cross-chain asset staking, while the second phase explores the possibility of staking NFTs and off-chain assets. The project launched the Wing DAO, a governance body managing the platform.
WING token holders can vote on new product development, platform parameter changes, and community fund distributions. In addition to voting rights, WING tokens are planned for discounts on interest payments to the platform and purchasing insurance contracts for staked assets.