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 assets by supplying collateral but borrowing doesn’t involve a WING incentive until the user locks a 3% equivalent of WING assets into the pool. The platform’s Insurance Pool helps in minimizing the risk of liquidation.
The homepage contains links to different products supported by the Wing Finance platform.
It also displays the total amount of assets deposited in the Wing Finance Flash Pool.
Please note that Wing Finance operates on the Ontology Blockchain, so to access the different features and to work with it, we need tokens supported by the Ontology blockchain.
We have ERC-20 tokens in our MetaMask wallet (Ethereum blockchain) which we need to convert into p-tokens (Ontology blockchain). Hence, during token swap activity, users are required to connect to two different wallets supported by the two chains.
Set Up and Connect Wallet
Wing Finance currently supports the below wallets through which users can connect and use the platform.
Click on Add to Chrome button. A warning pop-up message will appear, and after confirming the message, the extension will be added to the browser. You can now see the below icon appearing on your browser extension bar.
Create an account if you are a new user.
Open the Cyano extension and click on the New Account.
Fill in the necessary details for wallet setup.
Once it is done, you can see the landing page.
The prerequisite of token swapping is done, i.e., you have your Cyano and MetaMask wallets installed and connected.
Swap ERC-20 Tokens Into P- Tokens
To swap the token, click on Asset Swap on the Wing Finance homepage, and it will redirect you to this page .
Connect both the wallets.
Now enter the token details you want to swap.
Confirm the swap activity.
Once the transaction is confirmed, you can check your Cyano wallet for the output token.
Add Token in the Cyano Wallet
If the token is not appearing, then add the token by giving the contract address.