WePiggy Partners with Mask Network to Build a Cross-Chain DeFi Ecosystem
We are excited to announce that the WePiggy lending protocol builds a strategic partnership with the Web 3.0 product Mask Network. The two parties will jointly explore the possibilities of technology integrations, and work together to build a cross-chain DeFi ecosystem.
Since its first launching in 2018, Mask Network has been creating a decentralized applet (DApplet) ecosystem and positioned itself to be the bridge that connects internet users from Web 2.0 to Web 3.0. It integrates decentralized social messaging, borderless payment network, decentralized file storage and sharing, decentralized finance, DAO and NFT to provide a safe and convenient portal for users to jump right into the continent of decentralized finance and then the new world of Web 3.0.
WePiggy focuses on building an open-source, non-custodial crypto-asset lending market protocol that helps users realize asset appreciation and maximize utilization across many blockchain networks. On the premise of giving priority to funding security, WePiggy actively creates a more diverse lending market, optimizes the execution efficiency of smart contracts, and expands more dimensions of the business logic. Under the WePiggy multi-chain deployment plan, WePiggy is covering Ethereum, OKExChain, Binance Smart Chain, Polygon, Huobi Eco Chain, and innovative public and Layer-2 networks.
WePiggy + Mask Network
WePiggy and Mask Network have reached an agreement on the cross-chain DeFi ecosystem building. The cooperation will move forward steadily in stages according to the will of both parties.
Starting with cross-chain lending market building: MASK token has been evaluated and proposed to be listed on WePiggy lending protocol through WIP23 official governance voting.
$MASK will be listed on the BSC mainnet at 15:00 UTC+8 Time on Sep 8.
$MASK will be listed on the ETH mainnet after Chainlink’s price feeds are ready to ensure the security of the lending and liquidation process.
Mask Network will contribute to the trading liquidity building on DEXs, and the liquidity of MASK token in WePiggy’s lending market, to eliminate systemic risk of WePiggy protocol as much as possible.
More cooperation between WePiggy and MASK Network is on the way, including:
WePiggy will release more features, such as diversified portfolio management, cross-chain asset transfer and lending, to MASK token holders in the future.
Mask Network will also integrate WePiggy applications in its ecosystem, and use its advantages as the WEB 3.0 portal to bring more new users to the WePiggy protocol.
“Mask Network is the portal that helps traditional internet users transition from Web2.0 to Web3.0. The integration will allow us to take more users into the DeFi world and provide them with secure, powerful and user-friendly cross-chain DeFi applications.”
– Ron, Zheng, Founder and CEO of WePiggy
“Mask wants to bridge the traditional internet and the new, open internet. Mask has always been trying to build an ecosystem that welcomes amazing projects on different blockchains. While WePiggy builds a cross-chain DeFi ecosystem, our vision aligns in connecting different parts of the Web 3.0 world together.”
– Suji Yan, Founder and CEO of Mask Network
WePiggy is an open-source, non-custodial, crypto asset lending market protocol. In WePiggy’s market, users can deposit their crypto assets to earn interest, or borrow other crypto assets by paying interest. WePiggy aims to spread the benefits of cryptocurrency’s freedom and transparency to the widest possible user community in a more friendly and simple way, as well as be a good partner for them in wealth management.
About Mask Network
Mask Network is the core product of Dimension, which is positioned to become the bridge that connects internet users from Web 2.0 to Web 3.0. The foundational technology of Mask Network is a peer to peer encrypted messaging application, with new functions continuously being created around this foundation. We at Mask Network are strong believers in the ownership economy. People should own what they produce, people should own their data, their attention and the virtual space they choose to contribute to.
Mask Network integrates decentralized social messaging, borderless payment network, decentralized file storage and sharing, decentralized finance, DAO and NFT to provide a safe and convenient portal for users to jump right into the continent of decentralized finance and then the new world of Web 3.0.