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About Ontology (PolyNetwork)
What is Poly Ontology Token (pONT)?
Poly Ontology Token (pONT) is an ERC-20 token on the Ethereum blockchain, designed to facilitate cross-chain interoperability between Ethereum and Ontology networks. It is part of the Poly Network's suite of tokens that enable users to interact with decentralised applications and financial services across different blockchain ecosystems. pONT can be converted from the native Ontology token (ONT) via the Wing Finance platform and is utilized in the Flamingo Finance ecosystem.
pONT is primarily used for cross-chain operations, allowing assets and data to move seamlessly between the Ethereum and Ontology networks. This functionality enables users to leverage the capabilities of both blockchains, particularly in decentralised finance (DeFi) applications. On platforms like Wing Finance, pONT can be supplied to the Wing Flash Pool on Ethereum, where it can be used as collateral to earn interest and participate in lending and borrowing activities. pONT can be wrapped and unwrapped on Flamingo Finance, facilitating its use across multiple blockchain networks.
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