Wing 2022 June Monthly Report
June saw the passing of WIP-60 — Launch NFT Lending Pool. This marks an important development for Wing Finance, as we welcome top tier NFT assets to be used as collateral against borrowing. Stay tuned for further information, and prepare to be at the cutting edge of DeFi lending and borrowing.
1. TVL
Peak value: $77 Million on 7th June 2022
2. Pools & Features
6/2/2022, According to the result of WIP-59, the implementation is as follows:
- Adjusted the collateral factor of UST to 0%
6/2/2022, According to the result of WIP-50, the implementation is as follows:
- Adjusted the collateral factor of oneWING (Legacy) to 0%
6/30/2022, According to the result of WIP-60, the implementation is as follows:
- Launch NFT Lending Pool
3. Community Activities
Wing x Flamingo Liquidity Mining Campaign is in full swing with an APR of 49%. Total reward $240,000 WING + FLM is waiting for you.
Wing x BabySwap Liquidity Mining Event is underway, with the APR currently up to 14%. Great rewards, easy to operate, and anyone is welcome to participate.
Wing Loyal Member NFTs have launched. As long as you actively participate in Wing DAO governance, you will have the opportunity to collect these NFTs. After collecting 5 NFTs, the top 10 can redeem for 3 WING.
Wing PolkaPets NFT holders airdrop campaign is also underway. Hold the NFT and participate in the “Supply, Borrow, Insure” of any version of the Wing Flash Pool on Ethereum, BSC or OEC, and reach a stated level to receive WING airdrop rewards. According to previous events, the comprehensive APR is 83%.
Wing Governance Voting Campaign A total of three Rounds have been successfully completed and all awards and Wing Loyal NFT have been distributed. Thank you for your active participation and support!!
4. Voting
5. Monthly Community Calls
On June 11th 9:00 am (UTC), 2022, the June Community Call was hosted by community member Atherton Hoge, and invited the Head of Operations at ONTO Wallet for AMA interaction. Wing DAO community members participated enthusiastically and provided suggestions for project development.
6. Monthly Buyback
Wing’s monthly buyback for June 2022 is ongoing and most assets are sold out.
This month, 50% of Wing DAO’s revenue was used for the buyback, according to the Wing DAO community’s joint decision. The total amount of WING bought back will be updated at the end of the auction and will be transferred to the burn address: AFmseVrdL9f9oyCzZefL9tG6UbvhPbdYzM. We will publish the relevant data in the community when the buyback is over.
7. Ecosystem Collaboration
CBridge partnered with Wing Finance to support Wing’s cross-chain between OKC, BNB Chain, Ethereum, and Ontology EVM.
NFT MarketPlace X2Y2 talks with Wing Finance about NFT and the upcoming Wing NFT Lending Pool. Details.
At 00:40(UTC) on June 23, Wing community representative @Atherton Hoge was invited to Synopsis, the industry’s top summit focused on the digital economy blockchain NFT metaverse. With the theme of where Wing started, current status and future development, he introduced the Wing credit lending model which attracts much attention, and revealed the details of the NFT lending pool recently launched in advance.
8. Wing DAO Marketing Fund
According to the results of the 12th Wing DAO community vote, 35K out of 70K WING generated during the Wing Genesis Mining Multiplication Event, due to the rate adjustment, can be used for Wing’s marketing. In addition, according to the results of the 39th Wing DAO community vote, 50K WING from the community fund will be used for Wing’s marketing. According to the results of the 51st Wing DAO community vote, 80K of the WING from the community fund will be used for marketing initiatives and events.
Wing DAO spending summary:
Community Activities: 31 WING
Total: 31 WING
9. Forecast
Wing Finance will participate in the fourth anniversary of Ontology joint series of activities, welcome to participate, rich rewards, waiting for you to get!
O3Swap will soon support WING across OKC, BNB Chain, and Ethereum, and there will be a big joint AMA!
