Ontology's Wing Cross-Chain Lending Platform Now Available on Ethereum Blockchain
CryptoBit News Today1 min read
Ontology's cross-chain lending platform Wing, which launched on the Ontology blockchain last September, is now live on the Ethereum blockchain. Since going live, Wing has seen impressive growth, with total value locked exceeding $200 million and lending and borrowing activity between users surging.
By integrating with Ethereum, millions of decentralized finance (DeFi) users worldwide will gain access to Wing's distinctive capabilities in lending, borrowing and asset insurance. One key feature is the ability to swap assets into pegged assets on the Ontology blockchain.
Wing has bridged and unified UI/UX between its Ethereum and Ontology versions. This grants users access to lower costs and faster speeds. Over time, the Wing platform will add more asset classes, increasing users' choices.
Ontology's ONTO wallet already supports Wing on mobile devices. Looking ahead, Wing is slated for integration with ONTO Web, a multi-chain identity-based extension wallet for Google Chrome. ONTO Web supports diversified assets and decentralized applications across multiple networks, including Ethereum, Ontology, and Binance Smart Chain.
As more asset classes are supported and integrations are added, Wing could quickly become a go-to platform for cross-chain lending and borrowing.
