Flash Pool (Ontology EVM)
Flash Pool (Ontology EVM) Mining Tutorial
This guide is designed for ONTO Wallet users who want to mine WING tokens in Wing Flash Pool (Ontology EVM) by supplying, borrowing, or insuring assets.
ONG is by default shown on the Assets page; other Ontology EVM assets need to be added manually. Tap on the "+" button on the Assets page, enter the name of the asset to search and add.
Assets need to be transfered or bridged to Ontology EVM before participating in Wing’s Flash Pool (Ontology EVM).
- Click “Discover” at the bottom bar
- Input “Wing Flash Pool” in the search bar and select “Wing Flash Pool (Ontology EVM)”
- Click “Confirm”
- Click the “Supply” area in the WING line
- Click “Approve”-“Confirm” and enter the password in the “SUPPLY” tab in the pop-up window (only required for the first time)
- Enter the amount of assets to be supplied, Click “SUPPLY” -> “Confirm”, and enter the password in the pop-up window to complete supplying
One address cannot borrow and supply the same asset at the same time. For the purpose of this guide, we are supplying WING to borrow ONG.
- Toggle the switch under “Collateral” in the WING line under “All Markets”
- Click “Enable WING As Collateral” -“Confirm”, and enter the password in the pop-up window
If you want to turn off the “Collateral” switch, just toggle the switch back under “Collateral”.
If you want to obtain WING rewards through borrowing, you need to transfer enough WING to the address for locking WING in advance before borrowing.
- Click the “Borrow” area in the ONG line
- Click “Approve”-“Confirm” and enter the password in the “BORROW” tab in the pop-up window (only required for the first time)
- Enter the amount of assets to be borrowed. Click “BORROW” - “Confirm”, and enter the password in the pop-up window to complete borrowing
After the loan is successful, you can see the ratio under “Borrow Limit” under “My Dashboard”. After reaching 100%, it will be liquidated. Please repay the loaned assets or increase the collateral assets when the ratio is approaching 100%.
- Click “Insure WING” under “All Markets”
- Click “Approve”-“Confirm” and enter the password in the pop-up window (only required for the first time)
- Enter the amount of assets to be insured. Click “INSURE” - “I understand the rules and wish to proceed.”-“Confirm”, and enter the password in the pop-up window to complete insurance
1）The total amount of assets you supply, borrow or insure will be displayed on the “Supply”, “Borrow” and “Insurance” page respectively under “Current Position”.
2）To Withdraw or Repay, find the asset in “Current Position” and click the asset line, then click the “WITHDRAW” or “REPAY” tab, fill in the amount of assets to withdraw or repay, click “WITHDRAW” or “REPAY” button -> “Confirm”.
Last modified 1yr ago