FAQ
1. Where can I buy WING?
You can purchase WING from various exchanges including:
Centralized Exchanges (CEX): Binance, Gate.io, MEXC, Bitget, CoinW, CoinEx, CoinDCX
Decentralized Exchanges (DEX): OpenOcean (Ontology), SushiSwap (Ethereum), BabySwap (BSC)
2. How can I stake WING?
You can stake WING by insuring or supplying it in Flash Pools to earn WING incentives. For detailed tutorials, visit Wing Finance's website.
3. What is the maximum supply of WING?
The maximum supply of WING is 5 million tokens. This was clarified in accordance with the token supply changes mentioned in this article.
4. What is the circulating supply of WING?
The circulating supply of WING depends on the token buyback plan. For detailed information, please refer to Wing Finance's distribution page.
5. Does Wing Finance have a deflation mechanism?
Yes, in line with the WIP-08 voting results, WING's final total supply has been reduced to 5 million. Additionally, a buyback process of 1 million WING tokens has been initiated by the Wing team.
6. Why was the maximum supply reduced from 10 million to 5 million?
Following the WIP-08 vote results, WING's final total supply was lowered to 5 million. For more information, refer to WIP-08 details.
7. What are the contract addresses of WING?
WING has been deployed on various chains, and here are the contract addresses for each:
OEP-4 (WING | Ontology): 00c59fcd27a562d6397883eab1f2fff56e58ef80
ERC-20 (pWING | Ethereum): 0xDb0f18081b505A7DE20B18ac41856BCB4Ba86A1a
KIP-20 (WING | OKC): 0x7a47ab305b8a2a3f4020d13fa9ef73cddcc0e7d4
BEP-20 (WING | BNB Chain): 0x3cb7378565718c64ab86970802140cc48ef1f969
ORC-20 (WING | Ontology EVM): 0x6ea9f7B81bdEB047d63A023b1F28Bea481a5785a
8. What wallets can hold WING?
Supported wallets include: ONTO Wallet (mobile), Huobi Wallet (mobile), ONTO Web Wallet (Chrome), Metamask (Chrome), and Wallet Connect (Chrome).
9. How to participate in buyback?
Wing Buyback starts on the 23rd of each month. You can buy stablecoins and assets on the Ontology Chain at a discount, with the discount increasing by 1% every day. Join the auction by opening ONTO, going to the “Discover” page, and searching for "Wing Buyback Auction".
10. How many WING have been burned through buyback?
You can find details here.
11. How to get an Ontology address?
You can create one using the ONTO Wallet. Here's the guide: ONTO Wallet Guide.
12. How to calculate my comprehensive income from participating in Flash Pool?
Supplying Side: The overall income is calculated as WING's incentive income plus interest on loaned assets, and then adding up the value of (WING APY + APR), the dollar value of the loan for each instance of block generation. Wing's incentives are distributed in the form of WING tokens, and the interest-based income becomes a part of the supply asset amount.
Borrowing Side: The total income is calculated as WING's incentive income minus the interest that needs to be paid for the loan, which is calculated by adding up the (WING APY - APR) loaned dollar value at each instance of block generation. Wing's incentives are distributed in the form of WING tokens, and the interest-based expense is a part of the borrowed asset amount.
Insuring Party: The total income is the incentive income in the form of WING, which is calculated by adding up the dollar value of (WING APY*) the total insurance amount invested at each instance of block generation.
13. What are the differences between the loan pool and insurance pool?
Supply Pool: You can collateralize your supply assets and borrow other assets, but APR is generally lower than in the insurance pool.
Insurance Pool: You can get a higher APR, but you can withdraw your insured WING after a 3-day lock-up period. The insurance pool only supports WING or pWING.
14. Is there a Turkish community?
Yes, there is. Our global official community list is as follows:
Our Community-built group list is as follows
15. Where can I see the stake APR?
You can go to each Pool's page to see the APR. Wing Finance. Supply APR and Insure APR are listed there.
16. Where can I see the TVL?
You can see the TVL here. Also, you can see each pool's TVL here.
17. How to initiate voting?
Refer to this paper: Extending the Wing Governance Model
Voting Rules:
Only WING (OEP-4) on Ontology counts.
One WING token equals one vote.
All WING holders can vote.
Results calculated at the vote's end.
A quorum of 20,000 WING is required.
WING tokens remain unlocked during voting.
18. How to make Ontology Bridge Transfer?
Check the Ontology Bridge Transfer guide. You can bridge ONG, WING, ONT, pETH, pWBTC, pUSDT, and pUSDC tokens from Ontology to Ontology EVM.
19. When I repay the debt in the market, why does my WING get locked sometimes?
If the comptroller contract lacks sufficient WING, it temporarily won't return the locked WING. Solution: Borrow 5 USDC and then repay it to unlock all your WING (5 USDC is just an example).
20. Why is the total supply of Wing tokens more than the max supply?
Please refer to the explanation.
The discrepancy is due to dynamically changing release and burn rates based on governance decisions. The on-chain data reflects this.
The buyback process is slow, temporarily increasing the total supply beyond 5 million, but it will adjust back to 5 million. Refer to the votes for WIP-08 and WIP-04 for more details.
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