What is $WING ❓
Wing is building a credit-based Decentralized Finance (DeFi) platform dedicated to the digital asset lending market, supporting cross-chain asset and protocol interactions.
The project aims to support two types of lending activity:
Over-collateralized lending where users can deposit assets whose value is 125% or higher than that of the assets borrowed.
Credit-based lending where users with an OScore can deposit assets whose value is 80% or higher than that of the assets borrowed. According to the initial platform setting, users with an OScore will generally be able to borrow assets totaling a value equivalent to 20 - 500 USD, with the upper limit being 1,000 USD.