Tag: ontology

Dec 10 2020

Wing Finance and Ontology Launch Credit Score-Based DeFi Pools

New decentralized finance products are being launched at an unprecedented rate this year, and the latest offering is a credit score-based lending platform from Wing Finance. DeFi is all about transparency, so knowing who is borrowing crypto collateral is of paramount importance to lenders. In collaboration with Ontology, cross-chain DeFi credit protocol...

Ontology starts crypto liquidity pool on Wing to offer credit-based loans

Dec 10 2020 Published at CryptoNinjas under tags  networks & protocols ontology

Ontology, the high performance, public blockchain specializing in decentralized identity and data, has today announced the launch of a new DeFi product, the Inclusive Pool — a new cryptocurrency liquidity pool that will increase trust and transparency. The Inclusive Pool is accessible through wing.finance, a credit-based cross-chain DeFi lending platform built on Ontology. It is coupled with OScore, Ontology's decentralized credit-rating system, which...

Dec 01 2020

[Updated] Wing Finance: A DeFi Innovation On Ontology

The new credit-based lending product offering by Wing aims to integrate credit elements into the decentralized finance ecosystem. Ontology's OScore credit evaluation system will evaluate the credit score of a user and thereby increase the potential and scope of the decentralized financial services which can be offered. What Is OScore? Built on...

[Updated] Everything You Need To Know About Wing Flash Pool – Part I

Wing Finance aims to revolutionize the way decentralized finance lending platforms are working. Users can supply tokens and earn WING tokens as incentives. They can also borrow assets by supplying collateral. Borrowers can also earn WING by locking the WING equivalent to 3% of their borrow. The platform’s Insurance Pool helps in minimizing the risk of liquidation. Supported tokens: ONTd, pWBTC, pETH, pUSDC,...

Nov 30 2020

Wing Finance: A DeFi Innovation in Ontology

A credit-based platform aims to integrate the concept of credit elements into a decentralized finance ecosystem. These products and features will evaluate the credit score of a user and thereby increase the potential and scope of decentralized financial services. Wing Finance is a credit-based platform that allows various decentralized finance (DeFi) cross-chain products to work together. The platform is built on the Ontology...

Everything You Need To Know About Wing Flash Pool – Part II

In the previous part of our Wing Finance Flash Pool article series, we have explained the following things: how you can install and set up the MetaMask and Cyano wallets, get ONG (Ontology Gas token) from Binance, swap ERC-20 tokens into...

Everything You Need To Know About Wing Flash Pool – Part I

Wing Finance is a credit-based, cross-chain platform that aims to revolutionize the way decentralized finance lending platforms are working. It is based on the Ontology blockchain. The platform users can mine WING tokens in the Flash Pool through supplying, borrowing, or insuring assets. Users can supply tokens and earn WING tokens as incentives. They can also borrow...

Nov 29 2020

Spurring Smart Contract Ecosystem Development – Ontology and Polkadot

Ontology recently announced its new partnership with the Polkadot Ecosystem Project, a sharded blockchain that easily links multiple chains together into one network. Polkadot Ecosystem is partnering with Ontology, an open-source blockchain that focuses on digital data and identity. With this partnership, Ontology will contribute to the underlying infrastructure of Patract Labs, which develops solutions for the Polkadot Parachain Contract...

Oct 27 2020

Ontology Integrates Chainalysis to Improve Security

Ontology, the digital identity open-source blockchain, announced their integration with Chainalysis, a blockchain analysis company. The integration between Ontology and Chainalysis is expected to increase security. It will also increase compliance in the Ontology ecosystem due to security features of Chainalysis. Ensuring a safer experience for Ontology...

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