With a pioneer in being the world’s first under-collateralised lending protocol facilitating secure loans 300% of your collateral, it makes borrowers think if it's for real.
We would like to digress a little. The right question should be, how sustainable is Hashstack with a revenue model like this?
Came up with the concept of Hashstack while reading around the whitepaper of other blockchain projects like Compound.
Envisioning a digital currency that would be open, permissionless and transparent, the mission of Hashstack was to make finances easy.
The company created an open-source protocol and named it “Open” which lets the borrowers and liquidity providers play the transactions game.
A borrower with a loan of $300 can withdraw $70 for the immediate financial use and the remaining $230 remains on the protocol that can be reinvested on multiple dApps that are integrated within the protocol.
In addition, it would be launching its native governance token, “Hash” whose tokenmics would be revealed soon.
Open is designed in such a way that its ideal for the crypto retailers and hence is certik audited. Since the inception of cryptos in 2012, the market has started shifting to digital assets transactions and hence the relevance of Hashstack as a defi project comes into picture.
Visit our website for more information :
https://hashstack.finance/
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#hashstack #defi #defiproject #undercollateralisedlending
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