oneWING Angel Vault by Wing x ICHI

Wing announced that ICHI will set up a oneWING-pWING Angel Vault, from January 4th.

Simply provide oneWING single-asset liquidity to the pool and start earning pWING. The monthly rewards are around $30,000 pWING (2,000 pWING).

The Angel Vault goes live on January 4th (Around 16:00 UTC), and rewards will go live on January 5th (Around 16:00 UTC).

ICHI Angel Vaults combine the rewarding and simple experience of Uniswap V2, with the concentrated liquidity of Uniswap V3. This means that liquidity providers earn more fees, without having to actively manage the price ranges of their positions. In addition to giving liquidity providers the opportunity to earn higher trading fees, Angel Vaults also provide a number of features that benefit the projects that establish them, including:

  • Buy Liquidity: providing single asset liquidity underneath the price of a participating project’s token increases the price of that token.
  • Deflationary Liquidity Rewards: By creating branded dollars through ICHI and then establishing an Angel Vault with that branded dollar, crypto projects can offset the cost of liquidity rewards. This is due to the upward price pressure created from locking the community’s scarce token when minting its branded dollar and then using it as the single asset deposited in the Angel Vault.
  • Protocol Owned Liquidity (POL): depositing a portion of the assets backing that project’s branded dollar into the Angel Vault creates sustainable, long-lasting liquidity.

Wing is a credit-based, cross-chain decentralized lending platform. As a DeFi platform dedicated to the digital asset lending market, Wing supports cross-chain interactions between a variety of DeFi products. Combined with the Wing DAO (decentralized autonomous organization), the platform’s decentralized governance model and risk control mechanism aim to foster mutually beneficial relationships between borrowers, creditors, and guarantors. In addition, Wing offers an innovative credit evaluation module that rewards users for developing good credit on the blockchain.

Angel Liquidity Vaults build on ICHI’s unique Decentralized Monetary Authority (DMA) protocol which enables any crypto project to create a branded dollar, worth exactly $1, backed by their native token. These stable assets keep more value within the project by creating a reliable, everyday currency that can easily be used to pay for business operations and investing in DeFi. ICHI has helped eight leading projects including ShapeShift, 1inch Network, DODO and others launch their own stable tokens. To date, more than $13.5 million branded dollars have been minted.

📰 INFO

https://medium.com/wingfinance/onewing-angel-vault-is-live-e929dc316bb3

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