Wing Finance is pleased to announce that users can now bridge WING tokens directly between the Ontology EVM, Ethereum, BNB, and OKC chains, via Celer Network’s cBridge. Users are able to bridge WING, USDT, ETH, WBTC, and USDC, via the Open Canonical Token Standard. This ensures that cross-chain transactions are completed securely, whilst keeping gas fees low.

In addition, the new bridging support reduces the steps required by users to move cross-chain, reducing transaction times and gas fees. This reduction in complexity also lowers the barrier to entry for new users to enjoy the multi-chain opportunities offered by Wing.

Furthermore, Wing Finance combines 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, as well as guarantors. In addition, Wing offers an innovative credit evaluation module that rewards users for developing good credit on the blockchain.

ABOUT Wing Finance

Wing Finance 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. Users are also able to unlock the stored value of NFTs via Wing’s innovative NFT Lending Pool.

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ABOUT Celer Network

Celer is a blockchain interoperability protocol. Enabling a one-click user experience accessing tokens, DeFi, GameFi, NFTs, governance, privacy solutions, and more across multiple chains. Additionally, developers can build inter-chain-native dApps using the Celer Inter-chain Message SDK. They can gain access to efficient liquidity utilization, coherent application logic, and shared states. Users of Celer-enabled dApps will enjoy the benefits of a diverse multi-blockchain ecosystem with the simplicity of a single-transaction UX, all from a single chain.

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RESOURCES

Medium

The post Celer cBridge Partners with Wing Finance appeared first on Smart Liquidity Research.

This partnership allows users to directly swap tokens across different chains, forming part of our commitment to make DeFi as accessible to as many people as possible.

In the first instance, Wing Finance has agreed to deposit $10,000 worth of WING tokens on O3 Interchange to accumulate O3 rewards for their treasury and help cross-chain transactions of their token take place.

O3 Interchange will support bridging WING across Ethereum and BNB Chain and agrees to support the other EVM chains O3 supports in the future in which WING exists.

O3 Labs will also open up these pools for Wing users to stake and earn O3 as well, so the earlier users deposit, the higher the APR will be.

ABOUT Wing Finance

Wing Finance 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. Users are also able to unlock the stored value of NFTs via Wing’s innovative NFT Lending Pool. Combined with the Wing DAO, the platform’s decentralized governance model and risk control mechanism. It also aims 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.

Website | Twitter

ABOUT O3 Labs

O3 Swap is a cross-chain aggregation protocol, allowing users to access multi-chain liquidity sources on one platform. The O3 Swap Token (O3) is issued by O3 Labs. It also represents all O3 products and is also a critical mediator to promote their development. Except for trading on exchanges and some airdrop events, there are two major ways to earn O3 tokens. It also includes providing liquidity in Liquidity Pools and participating in governance voting.

Website | Twitter

RESOURCES

Medium

The post Wing Finance and O3 Labs Join Forces appeared first on Smart Liquidity Research.