Flash Pool (Ontology)
Changelog of Flash Pool (Ontology)
Date | Updates | Before | After | Description |
September 8, 2020 | Support ONT | / | Users could supply with ONT | Pre-supply ONT started |
September 12, 2020 | Start releasing WING incentives | / | WING was released at 0.06 WING/Sec Incentives: ONT 1x (1x stands for 1 time) | Released WING tokens as incentives |
September 15, 2020 | Support pWBTC、pRENBTC、pUSDC | Incentives: ONTd 1x | Incentives: ONTd 10x，pWBTC 1x，pRENBTC 1x, pUSDC 1x； | Started Phase One of the Mining Celebration |
September 15, 2020 | Change WING’s distribution rate | 0.06 WING/Sec | 0.6 WING/Sec | Started the Mining Celebration |
September 15, 2020 | Launch Binance Launchpool for Wing | / | 130,000 WING released within 30 days | See the Binance's event page for details here |
September 18, 2020 | Support WING | / | Incentives: WING 10x | Increased the use cases of WING |
September 20, 2020 | Change WING’s distribution rate and incentives weight | 0.6 WING/Sec Incentives: ONTd 10x, pWBTC 1x, pRENBTC 1x, pUSDC 1x | 0.3 WING/Sec Incentives: ONTd 5x, pWBTC 5x, pRENBTC 5x, pUSDC 5x | Started Phase Two of the Mining Celebration |
September 22, 2020 | Support pETH | / | Incentives: pETH 5x | |
September 23, 2020 | Launch borrowing, lending and insuring features, Support ONTd, WING, pWBTC, pRENBTC, pUSDC and pETH | / | Basic Interest Rate: 2.52% Distribution ratios (Borrowing : Lending : Insuring) : 45% : 45% : 10% Reserve Factor: 5% Collateral factor: ONTd 0%, WING 0%, pWBTC 50%, pRENBTC 50%, pUSDC 80%, pETH 80% | Launched borrowing, lending and insuring features |
September 25, 2020 | Change WING’s distribution rate | 0.3 WING/Sec | 0.18 WING/Sec | Started Phase Three of the Mining Celebration |
September 25, 2020 | Support pDAI and pUSDT | / | Collateral factor: pDAI 80%, pUSDT 60% Incentives; pDAI 5x, pUSDT 5x | |
September 30, 2020 | Change WING’s distribution rate and assets incentives | 0.18 WING/Sec Incentives: WING 10x, ONT 5x, WBTC 5x, RENBTC 5x, USDC 5x, ETH 5x | 0.06 WING/Sec Incentives: ONT 1x, WBTC 1x, RENBTC 1x, USDC 1x, ETH 1x | Mining Celebration ended |
September 30, 2020 | WING was eliminate from the group of assets available in the borrowing, lending and insuring features | WING Incentives: 10x The Insurance Pool stayed open where WING could be supplied. WING insurance lock: 72h | WING Incentives：0x The Insurance Pool was closed and WING could not longer be used as supply WING insurance lock: 0h | WING returned to its role as the governance token |
September 30, 2020 | Increase collateral factor of ONTd | 0% | 50% | |
September 30, 2020 | Support pNEO and pSUSD | / | Collateral factor: pNEO 50%, pSUSD 80% Incentives: pNEO 1x, pSUSD 1x | |
September 30, 2020 | Support pUNI | / | Collateral factor: 65% Incentives: 1x | WIP-02 |
October 14, 2020 | Increase the Reserve Factor | 5% | 15% | WIP-05 |
October 26, 2020 | Re-support WING for lending, borrowing and insuring | / | Collateral factor: 40% Incentives: 1x Enable the WING Insurance feature Insurance lock time: 72 hours | WIP-06 |
October 30, 2020 | Change WING's distribution rate | 0.06 WING/Sec | 0.036 WING/Sec | WIP-08 |
November 9, 2020 | Use WING as the sole insurance asset | All assets in the Insurance Pool 10% received the allocated 10% of the total WING incentives | Only WING in the Insurance Pool receives the allocated 10% of the total WING incentives | WIP-10 |
November 10, 2020 | Support ONG | / | Collateral factor: 40% Incentives: 1x | WIP-11 |
November 19, 2020 | Change WING's incentives model for borrowed assets | All borrowed assets could earn WING incentives | Borrowed assets can earn WING incentives only if with 3% of the value of the borrowed assets' WING locked | WIP-14 |
December 1, 2020 | Increase collateral factor of pUSDT | 60% | 80% | WIP-16 |
December 15, 2020 | Allow the same WING address to insure while supplying or borrowing | WING under a single address can only participate in one of Supplying, Borrowing, or Insuring at the same time | WING under a single address can insure while supplying or borrowing at the same time | WIP-18 |
December 17, 2020 | Increase the insured WING reimbursement rate | 70% | 100% | WIP-17 |
December 25, 2020 | Change interest rate model | / | Introduce a kink point into the interest rate model at utility of 80% | WIP-15 |
December 25, 2020 | Change WING's incentive distribution model | Based on interest per asset | Based on utility*borrowed amount per asset | WIP-20 |
December 31, 2020 | Increase collateral factor of pwBTC and prenBTC | 50% | 75% | WIP-21 |
January 8, 2021 | Increase collateral factor of ONTd | 50% | 60% | WIP-22 |
January 14, 2021 | Support pYFI | / | Collateral factor: 55% Incentives: 1x | WIP-19 |
Mar 25, 2021 | Lower the liquidation bonus of pUSDC, pDAI, pUSDT and pSUSD | 8% | 5% | WIP-23 |
Mar 25, 2021 | WING locked by borrowers | / | Be eligible for voting | WIP-25 |
Apr 6, 2021 | Change WING's incentive distribution model | 0.036 WING/Sec | Distribute WING incentives based on the median borrow amount from the previous day among pools | WIP-28 |
July 19, 2021 | Adjust Collateral Factors for ONG, pYFI | Collateral factor: ONG 40%, pYFI 55% | Collateral factor: ONG 45%, pYFI 50% | WIP-41 |
August 9, 2021 | Adjust Reserve Factors for | Reserve Factor: All 15% | Reserve Factor: pSUSD 20%, ONTd 20%, pNEO 20%, pUNI 20%, pYFI 25%, ONG 25%, WING 30%，pUSDT 10%, pUSDC 10% | WIP-42 & WIP-43 |
August 30, 2021 | Adjust Collateral Factors for pNEO, pETH, ONG | Collateral factor: ONG 45%, pETH 80%, pNEO 50% | Collateral factor: ONG 55%, pETH 85%, pNEO 55% | WIP-45 |
September 15, 2021 | Adjust Liquidation Bonuses for pSUSD, pETH, WING | Liquidation Bonus: pSUSD 5%, pETH 8%, WING 8% | Liquidation Bonus: pSUSD 8%, pETH 5%, WING 10% | WIP-46 |
April 15, 2022 | Add FLM to the Wing Flash Pool (Ontology) | / | Collateral Factors: FLM 45% Liquidation Bonus: FLM 10% Reserve Factor: FLM 25% Weight: FLM 2x | WIP-55 |
May 19, 2022 | Optimize the Competitive Distribution Model | Adjustment Cycle: Real-time | Adjustment Cycle: 7 days | WIP-58 |
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