Wing, a lending protocol built on the Ontology blockchain, currently has $180 million in crypto assets staked on its platform — not a meager amount, even by Ethereum (ETH) standards. 

Erick Pinos, Ontology’s ecosystem lead for the Americas and an advisor to Wing, told Cointelegraph that he believes two features make this DeFi project unique: cross-chain interoperability with Ethereum and the fact that lending is credit-based, allowing for loans to be under-collateralized. The system's OScore analyzes each user’s on-chain behavior to generate a credit score. This then determines the amount of collateral the user needs to post for a given loan:

“So instead of everything being over-collateralized right now, you have to put up $10,000 if you want to borrow $8,000 with undercollateralized loans, you can show a credit score that's built off of your on-chain transaction history and your DeFi interaction history.”

Pinos said that this feature is not yet live, though he noted that it will be integrated into the next pool.

Unlike old-fashioned off-chain credit history where the rating agency typically has access to most if not all relevant information, the on-chain counterpart does not, as a user can choose which addresses or accounts to submit and omit. Pinos said that they will try to mitigate those challenges by combining on-chain and off-chain data, such as social media profiles.

Pinos hopes that the unique features of Wing will attract more users and assets. He said that they beating big on the DeFi cross-chain interoperability, while the high cost of transactions on Ethereum may further help their cause.