Ontology’s Wing Cross-Chain Lending Platform Now Out there on Ethereum Blockchain

Wing, a cross-chain lending platform developed by Ontology, now runs on the Ethereum blockchain. Launched on the Ontology blockchain in September 2020, Wing has seen great development in each the whole worth locked, which now stands at over $200 mln, and the degrees of lending and borrowing exercise between customers.

As soon as built-in with Ethereum, thousands and thousands of DeFi customers world wide can have entry to Wing’s distinctive lending, borrowing and insuring capabilities, together with the flexibility to swap property into pegged property on the Ontology blockchain. By bridging and integrating UI/UX between the Ethereum and Ontology variations of Wing, customers can have entry to decrease prices and quicker speeds.

Extra asset lessons shall be added to the Wing platform over time, giving customers extra selections. Ontology’s ONTO pockets additionally helps Wing on cell. Wing will quickly be built-in into ONTO Net, a multi-chain id extension pockets for Google Chrome that additionally helps diversified property and decentralized functions from public networks equivalent to Ethereum, Ontology, and Binance Good Chain.

Picture: ChipIn

Learn the perfect crypto information evaluation right here! bitnewstoday.com Bitcoin,
investments, regulation and different cryptocurrencies

Discovered a mistake? Choose the textual content and press CTRL+ENTER

Learn one thing else necessary

Source link

Comments are closed, but trackbacks and pingbacks are open.