Flash Pool (BNB Chain)
Overview
Flash Pools are collateral based fund pools on the Wing DAO platform with different versions based on several popular blockchain networks. They bring down collateral rates by introducing an insurance pool mechanism. You can read more about Flash Pool mechanisms here.
Supported Assets
Ontology and Ethereum based assets need to be converted into BEP-20 tokens before interacting with Flash Pool (BNB Chain). BNB Chain based assets are directly supported by the pool. Please find detailed trading guides here.
Below is a list of tokens supported by Flash Pool (BNB Chain). Transaction and smart contract details of each token are accessible via BSC Explorer with token addresses:
Name
Token Address
WING
ONT
ONG
BTCB
ETH
BNB
（Native)
USDT
BUSD
USDC
DOT
ADA
BCH
XRP
DAI
LINK
LTC
DOGE
CAKE
FIL
fToken
fTokens represent ownership of assets supplied to Wing Flash Pool which allow users to regain liquidity of the locked-up funds while earning interest at the same time.
Currently fTokens support 18 assets on BNB Chain: WING, ONT, BTCB, ETH, BNB, USDT, BUSD, USDC, DOT, ADA, BCH, XRP, DAI, LINK, LTC, DOGE, CAKE, FIL. Each asset has a corresponding fToken. Transaction details of each fToken are accessible via BSC Explorer with token addresses listed below:
Name
Token Address
fWING
fONT
fONG
fBTCB
fETH
fBNB
fUSDT
fBUSD
fUSDC
fDOT
fADA
fBCH
fXRP
fDAI
fLINK
fLTC
fDOGE
fCAKE
fFIL
fToken Functions
Mint: Equivalent amount of fTokens are issued directly to your wallets when your funds are successfully supplied to Wing lending pools. You can view fToken balance on BscScan by looking up your BNB Chain addresses.
Redeem: You are able to redeem all or partial of their fTokens at any time by withdrawing funds you supplied to Flash Pool (BNB Chain).
Transfer: Similar to the process of transfering other BNB Chain based assets, you can transfer fTokens using a crypto wallet supporting BNB Chain, for example Onto wallet. Transferring fTokens equals to changing the ownership of the underlying asset.
Earn interest: Assets supplied to Wing lending pools generate interest based on an Annual Percentage Rate (APR). The interest is reflected on fTokens exchange rate. I.e., fTokes balance remains unchanged, but fTokens appreciate over time. The longer you hold fTokens, the higher amount of underlying assets you can redeem from fTokens.
Gas Costs
Gas costs may fluctuate. The amount of gas costs shown below is for reference only.
Function
Gas Type
Gas Cost
Approve
BNB
＜50K
Supply, Insure
BNB
< 230K
Withdraw
BNB
< 420K
Borrow
BNB
< 600K
Repay
BNB
< 135K
Liquidate Assets
BNB
< 900K
Transfer on OKExChain
BNB
< 52K
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