Wing, a cross-chain lending platform developed by Ontology, now runs on the Ethereum blockchain. Launched on the Ontology blockchain in September 2020, Wing has seen super progress in each the overall worth locked, which now stands at over $200 mln, and the degrees of lending and borrowing exercise between customers.
As soon as built-in with Ethereum, tens of millions of DeFi customers world wide may have entry to Wing’s distinctive lending, borrowing and insuring capabilities, together with the flexibility to swap property into pegged property on the Ontology blockchain. By bridging and integrating UI/UX between the Ethereum and Ontology variations of Wing, customers may have entry to decrease prices and quicker speeds.
Extra asset lessons will probably be added to the Wing platform over time, giving customers extra selections. Ontology’s ONTO pockets additionally helps Wing on cell. Wing will quickly be built-in into ONTO Net, a multi-chain identification extension pockets for Google Chrome that additionally helps diversified property and decentralized functions from public networks resembling Ethereum, Ontology, and Binance Sensible Chain.
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