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Wing Finance

WING

Price
$8.92
9/28/2022, 11:58:59 AM
diamondHands

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Market

Market stats

Market cap

$25.5M

Volume (24h)

$13.5M

Circulating supply

2.9M WING

All time high

$140.81

Price change (1h)

-0.53%

Price change (24h)

-0.88%

Price change (7d)

-0.21%

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Wing Finance is on the decline this week.

The price of Wing Finance has fallen by 0.21% in the past 7 days. The price declined by 0.88% in the last 24 hours. In just the past hour, the price shrunk by 0.53%. The current price is $8.917696 per WING. Wing Finance is 93.67% below the all time high of $140.81.

The current circulating supply is 2,856,241.429 WING.

About

What Is Wing Finance (WING)?

Wing Finance is a decentralized cross-chain credit-based lending platform. Wing has built a platform for decentralized finance (DeFi) that enables cross-chain collaboration between various DeFi products.

The combination of the platform's decentralized governance model and Wing's risk control mechanism promotes healthy relations between borrowers, creditors, and guarantors. This relationship offers a broader variety of DeFi products on the platform. It thus provides users with better quality DeFi products. Wing's platform provides a robust credit valuation module as solid support for DeFi credit products.

According to its whitepaper, the Wing DAO supports proposals by the community to establish new asset market product pools. Each product pool consists of three components: a lending pool, a borrowed pool, and an optional risk control margin pool. The margin pool receives 5 percent of interest revenue from each loan. If there is no margin pool, the funds are deposited into the Wing DAO community fund pool.

Wing DAO's fundamental governance rights include:

  • Approval of a new product pool through voting.

  • The WING token is included in product pool rules (for example, as one of the default asset types in the margin pool).

  • Token allocation for Wing DAO community fund.

  • Voting on other new governance mechanisms. 

In the Wing Finance ecosystem, WING is the governance token. WING votes on and determines the outcomes of WING Improvement Proposals (WIPs). In addition, WING can be staked in Wing's Insurance pool to guarantee security and insurance to the protocol and suppliers. Staker rewards are offered for staking WING.

The token distribution in the Wing Finance ecosystem is as follows:

  • Liquidity and Margin Incentives - 80 percent

  • Wing DAO Community Fund - 20 percent 

The Wing DAO Flash Pool is a collateral-based fund pool built on the Wing DAO platform and inspired by Compound. The insurance pool mechanism lowers collateral rates. The compound protocol is an algorithmic, autonomous system built to create various open financial applications.

History of Wing Finance (WING)

Wing Finance has a total supply of ten million WING tokens in the project.

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FAQ

What is the current price of Wing Finance?

The price of 1 Wing Finance currently costs $8.92.

What is the market cap of Wing Finance?

The current market cap of Wing Finance is $25.48M. A high market cap implies that the asset is highly valued by the market.

What is the all time high of Wing Finance?

The all-time high of Wing Finance is $140.81. This all-time high is highest price paid for Wing Finance since it was launched.

What is the 24 hour trading volume of Wing Finance?

Over the last 24 hours, the trading volume of Wing Finance is $13.55M.

What other assets are similar to Wing Finance?

Assets that have a similar market cap to Wing Finance include Tokenlon Network Token, Kava Lend, Forta, and many others. To see a full list, see our comparable market cap assets.

How many Wing Finance are there?

The current circulating supply of Wing Finance is 2.9 million.

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