Prezzo Wing Finance (WING)

Wing is a lending, decentralized network created for cross-chain communication between decentralized finance (DeFi) projects and crypto-asset lending. The project's goal is to increase accessibility to crypto lending services by doing away with the necessity for substantial collateral with a credit evaluation module. Users can participate in decision-making, product design, and business operations with Wing, a decentralized autonomous organization (DAO).

More information about WING will be discussed in this article.

What is WING?

WING is a platform that promotes a decentralized and autonomous governing community and enables the development of new blockchain projects. Wing DAO has developed a credit based DeFi protocol that operates on the Ontology (ONT) blockchain in response to the problems encountered by other DeFi projects. Users have complete control over the system, and no outside parties are needed to confirm transactions.

One of Wing DAO's objectives is to address the over-collateralization problem that affects the DeFi business. It also provides an opportunity for project developers to receive crowdfunding when they submit proposals. Through smart contracts, investors have the chance to participate in making decisions and receive a portion of any future gains.