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Flash Pool (BSC)

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 kTokens before interacting with Flash Pool (BSC). BSC based assets are directly supported by the pool. Please find detailed trading guides here.
Below is a list of tokens supported by Flash Pool (BSC). Transaction and smart contract details of each token are accessible via BSC Explorer with token addresses:

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 BSC: 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
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 BSC addresses.
Redeem: You are able to redeem all or partial of their fTokens at any time by withdrawing funds you supplied to Flash Pool (BSC).
Transfer: Similar to the process of transfering other BSC based assets, you can transfer fTokens using a crypto wallet supporting BSC, 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
Last modified 27d ago