WePiggy is a crypto-asset lending platform where users can deposit their digital-assets to earn interest or can borrow crypto by paying interest. The platform is aiming to create a friendly environment to the community providing freedom and transparency.
According to the announcement, Mask Network has signed an agreement with WePiggy. This partnership will build a cross-chain DeFi ecosystem while both parties plan to explore the technology integrations together.
Significantly, Mask network plans to build a decentralized applet (dApplet) while they want to be the bridge for internet users to connect from Web2.0 to Web 3.0. On the other hand, WePiggy wants to create an open-source, non-custodial crypto lending protocol which will assist users in asset-utilization.
The Founder and CEO of Mask Network, Suji Yan has added:
“Mask aspires to bridge the gap between the traditional internet and the new, open internet. Mask has always strived to create an ecosystem that welcomes amazing projects on various blockchains. While WePiggy is developing a cross-chain DeFi ecosystem, our vision is to connect various parts of the Web 3.0 world.”
As a result, both parties join together on building a cross-chain DeFi ecosystem. They have reached an agreement in creating a larger on-chain world and this collaboration will move forward to build the destined ecosystem.
Mask Token On WePiggy
Along with the agreement for building a cross-chain ecosystem, $MASK token is proposed to be listed in the WePiggy lending platform via WIP23 governance voting. Besides, Mask Network will support the development of trading liquidity on DEXs, and the liquidity of MASK tokens in WePiggy’s platform. This will help in reducing the risk of WePiggy protocol as much as possible.
The collaboration between Mask Network and WePiggy has more features to add. The holders of $MASK tokens will soon be able to use features like diversified asset management, cross-chain asset exchange, and lending on WePiggy.
