WIP11 Execution

WIP11 has been successfully implemented and users can now enable USDT as collateral.

Risk Assessment Update

Tether is the oldest USD backed stablecoin. It initially started as an independent currency built on the Omni blockchain, and progressively moved on the Ethereum blockchain, presumably to take advantage of the DeFi ecosystem.

USDT Smart contract Risk: A-

USDT is the first stablecoin in operation since November 2014 and on this Ethereum contract since November 2017. With over 90 million transactions, USDT is one of the most used coins.

USDT Counterparty Risk: C+

1) In February this year, the NYAG’s office announced the settlement, formally ending…


WePiggy — OKExChain Lists UNIK & DOTK

WePiggy launches UNIK and DOTK lending markets, based on community opinion and the current availability of the OKExChain mainnet.

In the future, other assets will be added as well according to the actual situation and on the premise of ensuring the safety of users’ assets. Stay tuned!

Risk Parameters


“WePiggy’s Billionaires” activity begins

In order to encourage users to participate in WePiggy-OKExChain, the “WePigggy’s Billionaires” activity is now open!

Activity time: From WePiggy’s official launch on OKExChain mainnet to WePiggy’s official launch on the next public chain or layer 2 network

Activity Rules: Participate in WePiggy-OKExChain WPC mining campaign, and the cumulative amount of mined WPC tokens ranks in the top 298 of the “WePiggy’s Billionaires”, will win the [OKExChain Co-branded Edition] [Epic Level] NFT — “LuckyPiggy”.

Please note:

1. The “LuckyPiggy” NFT will be open for claim after the activity ends. Except for participating in this activity, or through the transfer of old holders in the future, no more “LuckyPiggy” will be generated.

2. WePiggy reserves the right of final interpretation of this activity.

Activity participation tutorial

https://www.yuque.com/zgryhn/gpvkmi/kbb3e6


WePiggy — OKExChain Will Launch UNIK & DOTK

WePiggy will launch UNIK and DOTK lending markets, on May 14 (tomorrow) at 15:00 UTC+8 Time, based on community opinion and the current availability of the OKExChain mainnet.

In the future, other assets will be added as well according to the actual situation and on the premise of ensuring the safety of users’ assets. Stay tuned!

Risk Parameters


Voting Result

Final Result: For!

Execution Status

The proposal is expected to be formally implemented tomorrow, formally allowing USDT to be used as collateral.


Officially launches on OKExChain mainnet

WePiggy lending protocol has been officially launched on the OKExChain mainnet at 15:00 (UTC+8) on May 12, 2021!

WePiggy-OKExChain will first launch the lending markets for ETHK, BTCK, USDC, USDT, DAIK, OKT and OKB, other assets will be listed based on actual conditions after the lending protocol is in stable operation.

Experience WePiggy-OKExChain now: https://www.okexchain.wepiggy.com/

WePiggy — OKExChain liquidity mining program has been enabled at the same time

Every day, a certain amount of WPC will be allocated to each market of the WePiggy-OKExChain lending protocol according to different weights.

Within each market, 50% of the distribution is earned by depositors, and 50% by borrowers.

In detail:


WIP11 Review

In this proposal, the core development team proposes to allow USDT to be used as collateral in the WePiggy lending protocol.

Option:

Option 1: For
Option 2: Against

The core development team will implement this proposal according to the option with the most votes in this voting.

For more details, check here:https://gov.wepiggy.com/t/topic/705

Formal Voting

Now, community members can vote through the formal voting website: https://vote.wepiggy.com.

Time:2021/05/10 10:00–2021/05/12 10:00(UTC+8 Time)

Tutorial of voting:

https://www.yuque.com/zgryhn/duu5f7/uzfhic


WePiggy Lending Protocol is expected to launch on OKExChain on May 12, 2021 (Wednesday) and enable the liquidity mining program on OKExChain at the same time.

WePiggy-OKExChain will first launch the lending markets for ETHK, BTCK, USDC, USDT, DAIK, OKT and OKB, other assets will be listed soon according to the actual condition of OKExChain mainnet.

To encourage users to experience WePiggy-OKExChain lending protocol, WePiggy will release OKExChain exclusive events soon. Stay tuned!

About OKExChain

OKExChain is a set of open-source blockchain projects developed by OKEx, aiming to promote the development of large scale commercial applications based on blockchain technology. It gives…


WIP11 Abstract

In this proposal, the core development team proposes to allow USDT to be used as collateral in the WePiggy lending protocol.

Note: The duration of the Proposal Discussion Stage is 2 days, the Proposal Voting Stage is 2 days.

How to participate in the discussion?

Open this link: https://gov.wepiggy.com/t/topic/705, register and log in the forum to participate in the discussion.

Everyone can propose their suggestions under the proposal.

The core development team will respond to some of the effective suggestions in the governance forum, and possibly make appropriate adjustments to the proposal to seek maximum consensus during the formal voting.

How to participate in the formal voting?

Formal voting is expected to begin at 15:00 UTC+8 on May 10.
Voting period: 2 days

Then, please go to WePiggy’s governance voting system: https://vote.wepiggy.com/ to participate.


The WePiggy-Heco public test activity has ended.

As of 10 am on April 28th, WePiggy has received 196 test feedbacks. Thanks to all users for participating in the activity and your precious suggestions.

According to the rules of the activity, 50 eligible addresses have been randomly selected and 2 bug feedbacks are adopted, each address will be allocated $10 reward. The rewards will be allocated within 10 days after this announcement, please pay attention to check your Heco chain address.

The rewarded addresses are as follows:

WePiggy.com

A Crypto Money Market Protocol | Focus on building decentralized financial infrastructures | DeFi users’ good friend | In piggy, we get rich!

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