TrendsWide
Contact US
  • Home
  • Trending
  • Health
  • Life Style
  • NBA
  • Reviews
No Result
View All Result
TrendsWide
  • Home
  • Trending
  • Health
  • Life Style
  • NBA
  • Reviews
No Result
View All Result
TrendsWide
No Result
View All Result
Home Economie

Hashstack Finance debuts Open protocol

by souhaib
February 7, 2022
in Economie
0
Hashstack Finance debuts Open protocol
74
SHARES
1.2k
VIEWS
Share on FacebookShare on TwitterShare on Reddit
ADVERTISEMENT


Hashstack Finance announced the testnet debut of Open protocol, the first DeFi lending protocol in history to offer secure, non-custodial, under-collateralized loans, Invezz learned from a press release. As the DeFi platform prepares to launch the Open protocol mainnet in the coming weeks, this is an important milestone in their roadmap.

The future of DeFi lending

Hashstack embodies the future of DeFi lending. It is a far cry from modern DeFi lending protocols, which require over-collateralized loans. Open protocol offers instant under-collateralized loans regardless of whether you need to borrow for personal cash needs, leveraged investments in IDOs, or trading capital.

Only protocol with up to 1:3 collateral-to-loan ratio


Are you looking for fast-news, hot-tips and market analysis?

Sign-up for the Invezz newsletter, today.

Open protocol is the only lending solution offering under-collateralized loans with an up to 1:3 collateral-to-loan ratio. This means borrowers can get $300 with just $100 as collateral. Initially, the Open protocol will support only major liquid coins like Bitcoin (BTC/USD), USDT, USDC, Binance Coin (BNB/USD), and HASH, the platform’s native governance token.

To expand primary markets, Open protocol will bridge assets from Avalanche (AVAX/USD) and Ethereum (ETH/USD) as well.

Hashstack Finance founder Vinay commented:

Today, if you want to borrow $100 on Compound, or Aave, or even MakerDAO, you are required to provide a collateral of at least $142. This breaks the primary intent behind loan procurement, and has restrictive use-cases for the borrower. In comparison, through Hashstack’s Open protocol you would be able to borrow the same $100 with collateral as little as $33.33. This 4.25x value-add against every established market player today is a remarkable milestone for the DeFi ecosystem in general, and will drive further adoption.

Hashstack’s Open protocol eliminates DeFi inefficiencies not only thanks to its innovative under-collateralized loans, but also through effective asset utilization and a clear division between APY and APR of deposits and loans.

About Hashstack

Hashstack Finance is a DeFi platform that addresses the need of lacking under-collateralized lending avenues for retail cryptocurrency investors by enabling loans at up to 3x collateral to serve personal financial needs and trading capital requirements. Users can secure under-collateralized loans instead of selling their long-term holdings to meet their short-term cash needs.

Invest in crypto, stocks, ETFs & more in minutes with our preferred broker,

eToro






10/10

67% of retail CFD accounts lose money



Source link

You might also like

‘momentum is continuing into 2022’

Astra Space stock closed down 20% on Monday: here’s why

Ripple, Dogecoin, Litecoin price forecast for February 2022

Share30Tweet19Share
Previous Post

Speechelo Offer | Best Offer For Speechelo Reviews 2021

Next Post

Where to buy SuperFarm (SUPER) coin: it is up 24% today after Coingecko listing 2021

souhaib

Recommended For You

‘momentum is continuing into 2022’

by souhaib
February 7, 2022
0
‘momentum is continuing into 2022’

Shares of Chegg Inc (NYSE: CHGG) are up 10% in extended trading on Monday after the student services company said it performed better-than-expected in Q4, despite COVID-19 uncertainty....

Read more

Astra Space stock closed down 20% on Monday: here’s why

by souhaib
February 7, 2022
0
Astra Space stock closed down 20% on Monday: here’s why

Read more

Ripple, Dogecoin, Litecoin price forecast for February 2022

by souhaib
February 7, 2022
0
Ripple, Dogecoin, Litecoin price forecast for February 2022

The cryptocurrency market is advancing this Monday, and this situation also supports the price of Ripple XRP/USD, Dogecoin DOGE/USD, and Litecoin LTC/USD. Bitcoin is trading above the $44,000...

Read more

Analyst: ‘Apple would be forced into it if Amazon goes after Peloton’

by souhaib
February 7, 2022
0
Analyst: ‘Apple would be forced into it if Amazon goes after Peloton’

Read more

Should I buy Uber shares in February 2022?

by souhaib
February 7, 2022
0
Should I buy Uber shares in February 2022?

Uber Technologies, Inc. (NYSE: UBER) will announce fourth-quarter earnings results this Wednesday, February 09, after the market closes. Uber shares have weakened more than 10% since the beginning...

Read more
Next Post
Where to buy SuperFarm (SUPER) coin: it is up 24% today after Coingecko listing 2021

Where to buy SuperFarm (SUPER) coin: it is up 24% today after Coingecko listing 2021

No Result
View All Result

Recent Posts

  • Ford recalls 125,000 SUVs and trucks for fire risk
  • “Sex and the City” turns 25 and this is how the stars of the program celebrate it
  • Russian troops flood own positions by destroying dam, risk detonating landmines — Malyar
  • Insiders Pour Millions Into These 2 Stocks, Morgan Stanley Says They Have up to 140% Upside — Here’s Why You Should Pay Attention
  • DeSantis Administration Confirms It’s Behind Migrant Flights to California

Browse by Category

  • Australia
  • Automotive
  • Business
  • Celebrity
  • Cryptocurrency
  • Deals
  • Economie
  • Education
  • Entertainment
  • Euro
  • Forex
  • Gaming
  • Health
  • Life Style
  • NBA
  • News
  • Politics
  • Reviews
  • Sports
  • Switzerland
  • Trending
  • U.S.
  • Uncategorized

Categories

  • Australia
  • Automotive
  • Business
  • Celebrity
  • Cryptocurrency
  • Deals
  • Economie
  • Education
  • Entertainment
  • Euro
  • Forex
  • Gaming
  • Health
  • Life Style
  • NBA
  • News
  • Politics
  • Reviews
  • Sports
  • Switzerland
  • Trending
  • U.S.
  • Uncategorized

Pages

  • Contact US
  • Newsletter
  • Privacy Policy
  • Terms & Conditions

© 2021 - TrendsWide

No Result
View All Result
  • Home
  • Contact US
  • Privacy Policy
  • Trending
  • U.S.
  • Economie
  • Deals
  • Reviews
  • Cryptocurrency
  • Health
  • Life Style
  • NBA

© 2021 - TrendsWide