Recently dozens of DeFi projects have been hacked. Projects and users took millions of dollars’ loss.
Wing is quite safe because of several mechanisms:
- Insurance pool
- Fully open liquidation system
- Relative reasonable parameters
Although these mechanisms protect Wing users from attacking, we still need to remain vigilant and eliminate potential risks. We’ve already released Flash Pool on 3 different chains and 31 tokens are supported. We should do a fully reassessment on parameters of all supported tokens and establish a model of risk control and future tokens’ parameter determination.
- Collateral factor
- Reserve factor
- 4 parameters of interest rate
- Liquidation Bonus
- Risk level (New)
Following Factors should be considered
- Token circulating supply, market value & volume
- Token max supply
- Token generating mechanism
- Token cross chain mechanism
If you have other ideas, please leave a comment.