THELOGICALINDIAN - Hashstack integrates with added DeFi solutions such as Pancakeswap to facilitate inapp bazaar swaps and to advance accommodation utilization
Hashstack Finance is captivated to advertise the testnet admission of its Open protocol, the aboriginal anytime DeFi lending agreement to action non-custodial, defended under-collateralized loans. The anniversary marks a cogent ability in Hashstack’s roadmap as it prepares to barrage the Open agreement mainnent in the advancing weeks.
Hashstack is Proud to Give Borrowers a Glimpse into the Future of DeFi Lending.
Open agreement is the alone free lending band-aid in DeFi that enables under-collateralized loans up to 1:3 collateral-to-loan ratio. It agency you can borrow up to $300 by accouterment alone $100 as collateral. Of this, you can abjure $70 (i.e. upto 70% collateral), while utilizing $230 as in-platform trading capital.
Hashstack Finance architect Vinay said:
“Today, if you appetite to borrow $100 on Compound, or Aave, or alike MakerDAO, you are appropriate to accommodate a accessory of at atomic $142. This break the primary absorbed abaft accommodation procurement, and has akin use-cases for the borrower. In comparison, through Hashstack’s Open agreement you would be able to borrow the aforementioned $100 with accessory as little as $33.33. This 4.25x value-add adjoin every accustomed bazaar amateur today, is a arresting anniversary for the defi ecosystem in general, and will drive added adoption.”
While the accepted DeFi lending protocols crave over-collateralization, Hashstack is appreciative to accord borrowers a glimpse into the approaching of DeFi lending. Whether you charge to borrow for claimed banknote needs, leveraged investments in IDOs, or trading capital, Open agreement offers burning under-collateralized loans.
To advance the advance of DeFi lending, Hashstack’s Open agreement eliminates inefficiencies from the DeFi ecosystem through a three-pronged approach:
Hashstack integrates with added DeFi solutions such as Pancakeswap to facilitate in-app bazaar swaps and to advance accommodation utilization. It agency the borrowers can bandy the adopted tokens into added primary bill or accessory bill after the charge to about-face the dApp. Open agreement additionally bridges assets from added chains such as Ethereum and Avalanche C-chain as an amplification of the primary markets.
To activate with, the Open agreement supports alone above aqueous bill such as BTC, USDT, USDC, BNB, and Hashstack’s built-in babyminding badge HASH.
Hashstack Finance is a DeFi belvedere whose Open agreement aims to agitate the DeFi lending bazaar by alms under-collateralized loans. It addresses the charge of defective under-collateralized lending avenues for retail cryptocurrency investors by enabling loans at upto 3x accessory to serve the claimed banking needs and trading basic requirements. Users can defended under-collateralized loans to abstain accepting to advertise their abiding backing to accommodated their concise banknote needs.
