Binance Introduces and Launches A Second Project: The Wing Project

Binance Introduces and Launches A Second Project: The Wing Project

Binance, the largest online cryptocurrency exchange, is launching a new project known as The Wing Project, a cross-chain DeFi platform for Binance users.

Binance has recently launched their second large project, The Wing Project, which will continue to bring more DeFi applications to Binance users. The Wing Project is a “credit based, cross-chain DeFi platform” that allows Binance users to stake BNB, BUSD, or ONT on the Binance Launchpool in order to earn WING tokens. WING are the native tokens of the Wing DAO, a decentralized autonomous organization (DAO) to integrate decentralized financial services and credit elements into Binance.

Binance has launched an initial launchpool project prior to WING, but WING is the second successful project to be launched to date. As quoted from the official Binance launch announcement, “The first lending product on Wing supports mainstream assets lending and innovatively introduces Insurance Pool to lower asset risks. Users can earn WING rewards in Flash Pool by lending, loaning, and depositing to the Insurance Pool. It can be able to support assets including but not limited to ONT, ETH, BTC, USDT, DAI, etc. Next, Wing is going to launch the IF Pool, which is a credit-based lending product where users with an ‘OScore’ can deposit assets valuing 80% or higher than that of the assets borrowed.”

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