Introducing our Inclusive Pool — The 1st DeFi product based on OScore Lending, Borrowing and Insuring just got a whole lot easier


Since the recently launched OScore, the decentralized credit system built on Ontology’s DeID, we have been working hard at adding a new product to the Wing platform in order to further develop use cases for our community.

Today, we want to introduce one of these products we’ve been diligently testing in-house and are ready to launch the first version of what we believe is a truly revolutionary product. Without much further ado, we are presenting…


The Inclusive Pool, a first in the DeFi space — coupled with Ontology’s OScore, which gives users a real-time, pinpoint accurate insight into another user’s credit liability. The OScore product was designed to increase transparency between users who which to transact between each other, while protecting people by granting control over how their data is accessed. With that in mind, we wanted to extend it to allow people to undercollateralize assets and maximize their borrowing capabilities, granted that they have an impeccable OScore of course. Unfortunately due to regulatory policies, the Insurance Pool won’t be accessible to users in China or in the United States.

Here’s how it works.

Loan Products

  • The Inclusive Pool will include a supply pool & a borrow pool as well as an insurance pool.
  • Accepted supply & borrow assets include USDT / USDC / DAI
  • Accepted collateral assets include USDT / USDC / DAI
  • Accepted Insurance pool assets include USDT / USDC / DAI

Rules on Loaning:

  • The supply pool has a total limit of 500,000 USDT, available for all users to borrow from.
  • A user can borrow between 20 USDT — 1,000 USDT, but can only borrow again after full repayment.
  • A user can borrow one time per natural day. By natural day we mean the hours between 00:00 (UTC) and 23:59 (UTC). The highest amount a user can loan out in one day is rounded down from the user’s borrow limit.
  • A user needs to collateralize a certain amount every time they loan out assets. The basic Loan-to-Value (LTV) ratio (Collateral Factor) ranges 1.1:1, all the way to 1.25:1. This actual LTV per user will vary based on the individual user’s OScore. For example, users with an OScore exceeding 700 in addition to other requirements, will enjoy an LTV of 1.25:1 whereas users with OScores less than 700 will only be able to obtain an LTV of 1.15:1. Collaterals are evaluated based on their real-time USDT value when the loan is made.
  • The interest rate per day is between 0.03% to 0.05%, with a term of 7 days. For example, users with an OScore exceeding 700 in addition to other requirements, will enjoy an interest rate of 0.03% per day whereas users with OScores less than 700 will only be able to obtain an interest rate of 0.04% per day. All loans can be repaid anytime in advance.
  • The insurance pool will be locked for 3 days. The default settlement ratio of the insurance pool is 60% of the default exposure.

Credit-based Risk Control Mechanism

Borrowers will be categorized based on the following types:

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The information below will be retrieved from off-chain data sets to determine which category the user belongs.

  • Whether the user has completed real-name authentication (KYC)
  • Whether the user appears on the OScore defaulters’ list
  • Certification of OScore

Breach of Contract:

  • A grace period of 1 day will be granted to the borrower. Repaying within the grace period will not be counted as defaulting. The interest rate during the grace period is 0.08% per day.
  • Borrowers who default will be listed on OScore defaulters’ list, but the defaulters’ private information will be hidden to protect their data.
  • If the borrower repays the defaulted amount plus penalty interest to the Wing DAO community fund pool after defaulting, the user will be removed from the defaulters’ list after 7 days. The penalty interest rate is 0.1% but will not be compounded.
  • The defaulters’ list will be automatically cleared after three years.

Liquidation and Compensation from the Insurance Pool

  • If the borrower misses payments, the digital assets collateralized by the borrower will be liquidated based on real-time quotes.
  • Upon liquidation, the WING token incentives yet to be distributed to the borrower will be first liquidated to the lender based on real-time quotes.
  • 60% of the default exposure after liquidation will be paid by the insurance pool funds (accounted in USDT). The remaining 40% will be shared by the supply pool.

WING Distribution

  • The WING tokens to be distributed in the Inclusive Pool will be released from the total distribution amount of WING tokens and will double the amount of USDT generated from loan interest.
  • WING tokens will only be distributed to borrowers after they repay their outstanding loans. Borrowers who breached repayments or who are in the grace period will not receive any WING tokens.
  • The distribution ratios of WING tokens to Inclusive Pool:
  • Supply pool: 40%
  • Borrow pool: 30%
  • Insurance pool: 30%

Wing DAO Foundation

  • The Wing DAO may authorize any changes to the Inclusive Pool in order to adjust the rules and parameters of the Inclusive Pool at any time, including postponing the operation of the Inclusive Pool or close the Inclusive Pool if necessary.
  • The Wing DAO fund pool will receive 15% of all interest generated from the Inclusive Pool as commission.

Since this is a pioneer product in the crypto world, it may not be as fully formed as expected. We’re trying to strike the balance between innovation and risk. We’d like to make progress slowly, in a step-by-step format while avoiding major mistakes. Thank you for your understanding.