Based on the results of the WIP-19, we added pYFI to Wing Flash Pool (Ontology) for supplying and borrowing. But so far, only a small amount of pYFI in the supplying and borrowing.
YFI needs to be swapped to pYFI from Ethereum to Ontology first, then pYFI can be used in supplying and borrowing in Wing Flash Pool (Ontology) . The operation gas fees are really high, which push away users to participate in pYFI’s supplying and borrowing.
Therefore, I suggest to delist pYFI in Wing Flash Pool (Ontology) and add YFI to Wing Flash Pool (Ethereum) for supplying and borrowing.
YFI’s circulating supply is relatively stable, with a market cap greater than $1.1 billion, it is an opportune time to list YFI since it is one of the fastest growing communities on the Ethereum chain. This will hopefully bring more users to the Wing Platform, and open doors for future collaboration.
Before delisting pYFI in Wing Flash Pool (Ontology), we need to do some preparatory work in advance.
The Reserve Factor of pYFI need to be set to 100%
The Collateral Factor of pYFI need to be set to 0
Feel free to have your say!