Inclusive Pool

This guide is designed to illustrate the distribution rules and rates for Wing’s new Inclusive Pool.

At present, interest is calculated per block. The actual interest rate is related to the block generation speed. As a result, the actual interest rate and the interest displayed on the page may be different. The system calculation is subjected to the contract.

Current WING generation rate per second: 0.036 WING/s.

We first allocate WINGs according to the Pool distribution base rate of the Flash Pool and the Inclusive Pool.

Pool distribution base rate = Pool distribution coefficient * value of borrowed assets

Then, WINGs are distributed according to the asset distribution base of each asset type. The number of WINGs obtained by each asset type is based on the asset distribution base rate of each asset type.

Asset distribution base rate = asset distribution coefficient * value of borrowed assets of the asset type.

Subsequently, WINGs are distributed to the three pools of supplying, borrowing and insuring of the asset type according to the distribution ratios.

Finally, WINGs are distributed to individual accounts according to the proportion of each user’s contribution in supplying, borrowing and insuring.

For example, the Flash Pool has $19.8 million worth of borrowed assets, and the Inclusive Pool has $100,000 worth of borrowed assets, and the asset distribution is as follows:

First, calculate the WINGs distributed to the Inclusive Pool per second according to the Pool distribution base rate.

Pool distribution base rate of the Inclusive Pool=Pool distribution coefficient*value of borrowed assets=2*100,000=200,000

Pool distribution base rate of the Flash Pool=Pool distribution coefficient*value of borrowed assets=1*19,800,000=19,800,000

WINGs distributed to the Inclusive Pool per second:0.036*200,000/(200,000+19,800,000)=0.00036

Then calculate WINGs distributed to each asset per second according to the asset distribution base:

According to the proportion of supplying, borrowing and insuring:

Finally, WINGs are distributed to users according to the proportion of their contribution in supplying, borrowing and insuring of each asset type:

User A supplied $1,000 of pUSDT, borrowed $1,000 of pUSDC, pledged $800 of pDAI at a pledge factor of 1.25, and insured $200 of pDAI.

If the above data remains unchanged, the number of WINGs earned by user A per day is:

(1,000/100,000*0.000072+1,000/50,000*0.000054+200/10,000*0)*86400=0.15552 WINGs

If the value of each WING is $20 and the value of pUSDT/pUSDC/pDAI is $1, user A’s WING APY is

0.1552*365*20/(1000+800+200)=56.8%