Mask Network Partners with WePiggy to Build a Cross-Chain DeFi Ecosystem
We are excited to announce that Mask Network builds a partnership with lending protocol WePiggy. The two parties will jointly explore the possibilities of technology integrations, and work together to build a cross-chain DeFi ecosystem.
Mask Network has been trying to create a decentralized applet (DApplet) ecosystem, and we position ourselves to be the bridge that connects internet users from Web 2.0 to 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. Both parties will work together in fields such as cross-chain DeFi ecosystem building, trying to build a broader on-chain world.
Mask Network and WePiggy 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 8th.
$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, $MASK token holders will be able to use features such as diversified portfolio management, cross-chain asset transfer, and lending on WePiggy in the future.
“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.