Pool Mechanisms

WING Incentives Distribution Incentives for Each Pool

Currently the WING asset is generated at the rate of 0.05 WING/sec, and burnt at 0.02 WING/sec. WING incentive distribution rate is the difference between the two, i.e., 0.05−0.02=0.03 WING/sec. Hence, WING incentive amount is 0.03∗60∗60∗24=2592 WING/day.

This amount of WING incentives is shared by Flash Pool (Ontology), Flash Pool (Ethereum), Flash Pool (OKC), Flash Pool (BNB Chain), Flash Pool (Ontology EVM) and NFT Pool. The amount of WING incentives distributed to each pool has the same ratio as the 90th percentile of the previous day valid borrowed amount of respective pools. WING Distribution among each pool updates once a week.

More specifically, let's say the 90th percentile of the previous day valid borrowed amount of Flash Pool (Ontology), Flash Pool (Ethereum), Flash Pool (OKC), Flash Pool (BNB Chain), Flash Pool (Ontology EVM), NFT Pool are B1, B2, B3, B4, B5 and B6 respectively; and the corresponding WING incentives of each pool one day are W1, W2, W3, W4, W5 and W6. As mentioned above, B1:B2:B3:B4:B5:B6 =W1:W2:W3:W4:W5:W6.

Therefore, what's discussed above can be summed up into this table:

Pool WING Incentive Amount per day Flash Pool (Ontology) W1=2,592∗B1/(B1+B2+B3+B4+B5+B6) Flash Pool (Ethereum) W2=2,592B2/(B1+B2+B3+B4+B5+B6) Flash Pool (OKC) W3=2,592B3/(B1+B2+B3+B4+B5+B6) Flash Pool (BNB Chain) W4=2,592B4/(B1+B2+B3+B4+B5+B6) Flash Pool (Ontology EVM) W5=2,592B5/(B1+B2+B3+B4+B5+B6) NFT Pool W=2,592*B6/(B1+B2+B3+B4+B5+B6)

To protect new pool users and raise attention, WING incentive distribution is more favorable to new pools before their valid borrowed amount reaches 10% of the Total Valid Borrowed Amount.