Add UP to WING platform

rDan · October 21, 2020, 1:44pm

I’d like to see UP added to WING marketplace. Currently you can supply WING on Unifi in it’s Liquidity pool to earn UP. I think same should be done on WING platform: Supply UP, earn WING; Borrow UP/WING from Wingfi, Supply to Unifi pool, earn UP… etc.

Being that both of these platforms are still so new, I think this could offer a simple yet effective use case. Also, I feel that this could open up more potential of new active users, which in turn, may also open room for more use cases and ideas for and from both platforms.

KenNinja · October 23, 2020, 6:14pm

I don’t disagree, but I personally would rather focus resources on supporting tokens with a much larger userbase.

rDan · November 25, 2020, 2:50pm

*BUMP
Lot’s going on now at Unifi. I’d like to see either UP or UNFI or both considered. Either one would be a strong add to WING platform, imho.

Read more about what’s happening at UNIFI here https://unifiprotocol.medium.com/

Here are some use case examples using WING and UNIFI platforms:

Supply WING + ONT on Unifi = Get UP
Supply UP on WING = Get WING
Borrow tokens from WING, supply it on Unifi
Trade tokens on Unifi, supply it on WING
Migrate UP to UNFI https://unifiprotocol.com/migrate-bsc/
Trade UNFI on Unifi or other exchange
Trade for other available tokens to expand on the above

erickpinos · November 25, 2020, 9:37pm

I agree. I think that supporting more Ontology native tokens is important for the growth of the Ontology DeFi ecosystem.

Unifi is also a cross-chain project which is gaining a lot of attention as Ryan mentioned.

Lastly, adding UP would incentivize liquidity providers to uTrade, including to the WING-ONTd pair, since you could earn then lend UP. This increases demand for WING since more fees would be paid out to WING-ONTd LPs rather than centralized exchanges.

deztino · November 26, 2020, 2:11pm

I think Wing could have their own pool for token swaps