Launch oneWING?

Voting ended about 5 years agoSucceeded

Co-written by Erick Pinos of Wing Finance.

Summary Create a oneWING stablecoin for https://wing.finance/ and incentivize a liquidity pool on Sushiswap with 0.02 ICHI per block for 500k blocks.

Conditional: If approved, the proposal will only go into effect if the WING community approves 1500 WING to ICHI as a grant to develop oneWING.

Abstract The WING platform is a cross-chain, community governed, DeFi platform focused on lending markets. It currently supports USDC, USDT, and DAI. WING’s users must sell WING for USDC, USDT, and DAI. It would be better if they used oneWING because it is minted with WING.

Motivation ICHI is also community governed and exists to create stablecoins for other crypto projects. WING is an ideal next candidate for an ICHI stablecoin.

Specification oneWING will be...

mintable on Ethereum with pWING and USDC.
available to trade on SushiSwap/Uniswap through incentivized trading pools.
available to lend/borrow on Wing’s Flash Pool.
ICHI’s 4th stablecoin after oneBTC, oneETH, and oneLINK.
just as stable as USDC and USDT.
100% on-chain and transparent.
governed by oneWING holders.