Wing Finance is a protocol developed by the Ontology team, a blockchain solutions protocol for businesses.
The developers aimed to address the problems found in the main financial products used in decentralized finance, and with the main focus on introducing credit elements into this field, this team introduced the Wing Finance protocol.
Wing Finance has also launched a Decentralized Organization (DAO) to support community governance and user sovereignty. What Wing is trying to offer is credit-based lending and asset classes that can be scaled and tokenized.
WING Finance (WING) is a credit-based lending platform in the decentralized finance space, and as mentioned earlier, its main goal is to make digital lending services more accessible to everyone through the OScore system that eliminates the huge collateral requirements.
OScore is one of the most important features of Wing, it is a mechanism built on the Ontology platform and is used as a credit rating unit.
OScore is a sovereign reputation and credit rating system for DeFi. It works by implementing supported identifiers and credentials in cross-chain transactions.
