Flash Pool (Ethereum)

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

All supported assets are Ethereum based assets. Ontology based assets need to be converted into ERC-20 tokens. Ethereum based assets are directly supported by the pool. ONT needs to be converted to ONTd and then to pONT. Please find detailed trading guides here.

Below is a list of tokens supported by Flash Pool (Ethereum). Transaction and smart contract details of each token are accessible via Etherscan with token addresses:

Name	Token Address
pWING	0xdb0f18081b505a7de20b18ac41856bcb4ba86a1a
oneWING (New)	0x5047fc5C9D7c49Ab22e390d13646a6A3a2476eff
pONT	0xcb46c550539ac3db72dc7af7c89b11c306c727c2
ETH	(Native)
USDT	0xdac17f958d2ee523a2206206994597c13d831ec7
USDC	0xa0b86991c6218b36c1d19d4a2e9eb0ce3606eb48
DAI	0x6b175474e89094c44da98b954eedeac495271d0f
UST	0xa47c8bf37f92aBed4A126BDA807A7b7498661acD
WBTC	0x2260fac5e5542a773aa44fbcfedf7c193bc2c599
LINK	0x514910771af9ca656af840dff83e8264ecf986ca
UNI	0x1f9840a85d5af5bf1d1762f925bdaddc4201f984
BAL	0xba100000625a3754423978a60c9317c58a424e3d
SNX	0xc011a73ee8576fb46f5e1c5751ca3b9fe0af2a6f
SUSD	0x57Ab1ec28D129707052df4dF418D58a2D46d5f51
PAXG	0x45804880de22913dafe09f4980848ece6ecbaf78
xSUSHI	0x8798249c2E607446EfB7Ad49eC89dD1865Ff4272
xICHI	0x70605a6457B0A8fBf1EEE896911895296eAB467E
oneWING (Legacy)	0x8f041a3940a5e6fb580075c3774e15fcfa0e1618
pWING-ETH SLP Token	0xBE1E98685fB293144325440C16f69954Ffcb790C
pWING-pONT SLP Token	0x91a48c69ec3f3ce855fe5054f82d2bef8fd66c43

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 15 assets on Ethereum: pWING, oneWING, pONT, ETH, USDT, USDC, DAI, SUSD, UST, WBTC, LINK, UNI, BAL, SNX, PAXG, xSUSHI and xICHI. Each asset has a corresponding fToken. Transaction details of each fToken are accessible via Etherscan with token addresses listed below:

Name	Token Address
fpWING	0x4FA2425edf435B52016447Ab897d300d78c0Afe4
foneWING (New)	0x85ed5c4488f9d17f81cc963ec17c2236209d7dd0
fpONT	0x65d999ddaaA6b0424BE37a53d5574E43e9433788
fETH	0xD93F4cf882D7d576a8Dc09e606B38CaF18Eda796
fUSDT	0x47dac542c5B9377E3A5d30992a6c32a3ad7f33db
fUSDC	0x12ee9b2e5f8746ca8a4a36260799301d03a066a4
fDAI	0x0a705821cd494dfab4c09603460126cc05eb894f
fUST	0xdb79f131acac4bd38b320e36c60ac542468a3b89
fWBTC	0x3c22f604CC8b422F43becA8D8CdEF9922B96F454
fPAXG	0x0b3497204bda07d8b1c07c6ae246a1b267a9cecf
foneWING (Legacy)	0x363838fa35711EA3F8c8f95151203723cC6eE535
fxICHI	0x2c4206a2bd18d581b62e793b97e89e0977619f95

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 Etherscan by looking up your ETH addresses.

Redeem: You are able to redeem all or partial of their fTokens at any time by withdrawing funds you supplied to Flash Pool (Ethereum).

Transfer: Similar to the process of transfering other Ethereum based assets, you can transfer fTokens using a crypto wallet supporting Ethereum, for example MetaMask or 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	ETH	＜60K
Supply, Insure	ETH	< 240K
Withdraw	ETH	< 280K
Borrow	ETH	< 800K
Repay	ETH	< 200K
Liquidate Assets	ETH	​< 700K
Transfer on Ethereum	ETH	< 50K