WePiggy is an open-source, non-custodial cryptocurrency lending market protocol.
On the WePiggy platform, users can deposit specific crypto assets to earn interest or borrow other crypto assets by paying interest.
Compared to pioneers like Compound and Aave, WePiggy prioritizes fund security while actively building a richer lending market, optimizing smart contract execution efficiency, and expanding into more dimensions of business logic.
About the "WePiggy" Brand
WePiggy originates from the slogan: "In Piggy, We Get Rich!"
In WePiggy, "We" stands for us, and "Piggy" comes from "Piggy Bank." Research shows that the piggy bank image is universally recognized in both Eastern and Western cultures, helping users intuitively understand and reinforce the protocols positioning as a "crypto asset lending market."
The pig character is cute, tame, and friendly, distinguishing it from the rigid image of traditional banking systems. The WePiggy protocol aims to spread the benefits of free and transparent crypto assets in a more user-friendly and streamlined way to a broad user base, becoming their trusted partner in wealth management.
Looking Back at WePiggy’s First Year
In this year, the WePiggy protocol was launched on eight public chains and Layer 2 networks: Ethereum, OKExChain, Binance Smart Chain, HECO Chain, Polygon, Arbitrum, Optimism, and most recently, Moonriver.
Since its release on November 2, 2020, the WePiggy protocol has achieved a maximum locked value of $300 million, providing on-chain lending services to over 45,171 users worldwide.
The WePiggy protocol averages one version update per week, with a total of 52 updates so far, all aimed at creating better blockchain products.
Each iteration involving changes to the business smart contracts undergoes third-party security audits, passing four such audits in total.
The WePiggy protocol supports 85 crypto assets across various public chains and Layer 2 networks, offering lending services for almost all mainstream assets. These assets have undergone rigorous risk assessments and are set with cautious risk control parameters, following extensive discussions and public voting within the WePiggy community.
Since the communitys inception on October 27, 2020, members have authored 1,066 documents totaling over 500,000 words related to risk frameworks and product usage, completed 368 community daily reports, and initiated 31 governance proposals. More than 667 user addresses holding over 12.94% of the total WPC participated in on-chain governance.
Under the premise of ensuring user asset safety, over 100 influential blockchain projects have established deep cooperative relationships or integrated products with WePiggy, including mainstream media outlets, software or hardware wallets, data analysis platforms, DeFi applications, and multiple public chain development teams or foundations.
These achievements were accomplished before the WPC token was made available for claiming.