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