Wing, the cross-chain lending platform developed by Ontology, is now powered by the Ethereum blockchain. Launched on the Ontology blockchain in September 2020, Wing has seen tremendous growth in both the total locked value, which is now over $ 200 million, and the levels of lending and borrowing between users.
Once integrated with Ethereum, millions of DeFi users around the world will have access to Wing’s unique lending, borrowing and insurance capabilities, including the ability to exchange assets for pegged assets on the Ontology blockchain. By combining and integrating UI / UX between the Ethereum and Ontology versions of Wing, users will gain access to lower costs and faster speeds.
More asset classes will be added to the Wing platform over time, giving users more choices. Ontology’s ONTO wallet also supports Wing on mobile devices. Wing will soon be integrated into ONTO Web, a multi-chain identity extension wallet for Google Chrome that also supports diversified assets and decentralized applications from public networks such as Ethereum, Ontology, and Binance Smart Chain.
Image: ChipIn
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