Team Overview
WePiggy is developed by a dedicated team of approximately 20 professionals with backgrounds in top-tier internet companies like Meitu and Meituan. Led by Ron, the team brings three years of blockchain development experience, coupled with strong financial acumen and risk management expertise.
Product Introduction
1. What is WePiggy, and what sets it apart?
WePiggy is an open-source, non-custodial lending protocol for crypto assets. It allows users to:
- Deposit assets to earn interest.
- Borrow assets by paying interest.
Key Features:
Security-First Approach
- Smart contracts audited by top firms (e.g., SlowMist).
- Forked from Compound’s battle-tested V1, running flawlessly for two months.
Governance-Centric Design
- Early adoption of a robust governance framework.
- High community participation despite technical hurdles.
YFII Community Roots
- Born from YFII’s VC strategy, supporting YFII mining and collateralization.
Market Performance:
- TVL peaked at $41M during blind mining** and stabilized at **$80M post-launch.
- Loans average $10M, reflecting strong user confidence.
Competitive Edge
2. How does WePiggy compete against Compound and AAVE?
Improved Compound Model:
- Fixed legacy issues (e.g., liquidation thresholds,小额借贷interest rates).
- Eliminated single points of failure (oracle, UI, APIs).
Enhanced UX:
- Tailored for East Asian users, with intuitive interfaces and features like price alerts.
Tokenomics:
- Gradual token release to balance early adopters and latecomers.
- Allocations for community rewards, core团队 (10%), and strategic reserves.
Multi-Chain Expansion:
- Plans to deploy on OKExChain, Layer 2 networks, and EVM-compatible chains.
Technical Innovations
3. Oracle Strategy
WePiggy employs a "Triple-Core" Oracle System:
- Chainlink (primary for major assets).
- Compound (backup via Coinbase prices).
- In-House Oracle (aggregates Huobi, Binance, OKEx数据).
- Alerts triggered for price deviations.
4. Future Roadmap
- New Assets: Chainlink-supported coins + niche tokens via自研oracle.
Cross-Chain "Branches":
- Deploy on Layer 2s and exchange chains (e.g., OKExChain).
- Incentive pools for跨链users.
- V2 Development: Focused on scalability.
Community & Globalization
5. International Expansion
- 2021 focus: Global outreach via partnerships (e.g., Chainlink, Oasis).
- Multilingual updates and active Discord/Telegram communities.
6. NFT Plans
- "Genesis Flying Pig" NFTs (200限量) for early users.
- Future联名drops (e.g., OKExChain-exclusive "欧气满满猪").
7. Exchange Listings
- No fixed timeline yet.
Prerequisites:
- Significant product differentiation.
- Lower Gas fees (via Layer 2).
- Strong liquidity partnerships.
👉 Stay updated on WePiggy’s latest developments
FAQ
Q1: Is WePiggy safe to use?
A: Absolutely. All contracts are audited, and no安全事故 have occurred since launch.
Q2: How can I participate in governance?
A: Join forum discussions and vote via Snapshot—details are on WePiggy’s官网.
Q3: When will WPC tokens be tradable?
A: Post-Layer 2 integration and when the团队 achieves key milestones.
Q4: What chains will WePiggy support?
A: Ethereum first, followed by OKExChain, BSC, and EVM-compatible networks.
Q5: Are there NFT rewards for depositors?
A: Yes! Exclusive NFTs like "Genesis Flying Pig" are awarded for早期contributions.