Why does Wing Coin exclude liquidity coins from Wing Mining?

[swjang]

We are investing in cryptocurrency.

However, most of APY and WING APY are concentrated in stable coins.

I check every day. At some point, UNI and NEO’s WING APY is nearing zero. Ontology, UNI, and NEO coins no longer need in the Wing Mining Pool. We are very burdened with this sudden change of APY. I can’t understand these things.

I would really appreciate it if you could explain why.

And what is the reason to induce Wings to be mined with fiat currency stablecoins? This is very risky for the price of Wing Coins.

Also, in the case of SUSD, you can only purchase it with KuCoin.
This makes arrears difficult. It basically takes a long time.

It is a good idea to aim to provide a pool of more liquidity coins and widen the base.
There are a lot of coins with many and many users.

many people want is for users to stake a lot of coins.

Again, most cryptocurrency investors do not consider stablecoins as an investment destination. Please respect liquidity coins.

[erickpinos]

We don’t exclude them, the WINF APY is dynamically set by supply and demand.

The demand to borrow WING is not as high as the demand to borrow other assets like stablecoins on Wing.

Check the docs to learn the mechanism https://docs.wing.finance/.

1.26% is the current normal rate according to current supply and demand, if you want to skew the rates you can upvote these proposals

Skew WING APY Rewards Towards WING

TVL of other assets is not as valuable as TVL from locked WING. WING should be the collateral of choice for the Wing platform as it is native to the platform. There is an abuse of the platform where people are lending/borrowing stablecoin with 10x leverage for low-risk WING farming. Even lending UNI or ONT is not as valuable as lending WING. On Synthetix for example, SNX and ETH can both be used as collateral, but only SNX can earn rewards. This is fair. The ratio is up for discussion. Once…

Make WING the Sole Insurance Asset

There is enough WING in circulation now that WING can act as the sole insurance asset on the Wing platform. Similar to Aave’s safety modules, WING can be used as the sole asset for insuring WING and other asset lending. This would mean that the WING APY for all insurance pools besides WING would go to 0, and that WING would be used to insure those other assets if needed. The team is currently gauging technical feasibilty, but I think we can go ahead and discuss as a community.

This is not suggesting a solution as a proposal, moving to General Chat.

[swjang]

I confirmed it. Thanks for the comments. We hope that the voting of your opinions will proceed quickly.