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.

Download ONTO and Create an ONT ID

Download ONTO App and create an ONT ID Wallet

Add Chain Wallet in ONTO Wallet

If you use ONTO Web Wallet, click here and "Add to Chrome '' to install the extension.

If you use MetaMask, click here and "Add to Chrome" to install the extension. After installation, you must first set up the network environment: Details.

Add Ontology EVM 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.

Adding and Submitting New Token Type

Making Asset Swaps

Assets need to be transfered or bridged to Ontology EVM before participating in Wing’s Flash Pool (Ontology EVM).

Use Ontology Bridge to bridge OEP-4 tokens to ORC-20 tokens

Use Poly Bridge to cross chain tokens from other chain to OEP-4 tokens

Enter Wing 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”

Supply Assets in Wing Flash Pool (Ontology)

• 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

Borrow Assets in Wing Flash Pool (Ontology EVM)

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.

Turning on the Collateral Switch

• 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”.

Borrowing Assets

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%.

Insure WING in Wing Flash Pool (Ontology EVM)

• 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”.