Hundred Finance — a decentralized application (dApp) that allows you to lend and borrow cryptocurrencies. A multi-chain protocol, it integrates with Chainlink oracles to ensure market health and stability, specializing in providing markets for long-term assets.
About coin defi Hundred Finance
Hundred Finance aims to play a central role in providing these services in a multi-grid environment that has flourished since early 2021, providing the freedom to generate income and borrow assets to a growing number of users in a safe and cost-effective manner. The goal of Hundred Finance - to expand to multiple networks in order to provide its decentralized and cost-effective financial services as widely as possible.
The platform is currently implemented on the following chains:
| 1. | Ethereum main network. |
| 2. | Arbitrum Layer 2 scaling solution. |
| 3. | Fantom Opera blockchain network. |
| 4. | Harmony blockchain network. |
| 5. | Blockchain network, based on Moonriver. |
| 6. | Gnosis Chain blockchain network. |
The Hundred Finance dApp provides users with access to these networks through integration with compatible Web3 wallets. End users can select the network they wish to use from the main page of the platform. While the platform maintains the same core functionality regardless of chain, assets, interest rates, and other variables such as transaction costs often differ between the two.
All legitimate HND tokens, found on other chains, originated from a single token generation event (TGE) that occurred on the Ethereum mainnet at 13:55 UTC on September 14, 2021. HNDs, found on other chains, are backed by locked equivalents, stored on the core network with bridges, tasked with handling transfers that occur between chains.
mveHND multichain
mveHND — a mirror version of veHND. A "reflection" is a reflection in a veHND position in one chain of all combined veHND positions in other chains. If locked veHND positions are held on a different chain than the one, where the user interacts with Hundred Finance, then reflecting their positions in the appropriate wallet on the correct chain will apply their combined benefits and veHND capabilities.
While the ability to create mveHND token positions is currently available, there is no way to automate the process of updating them. This will be achieved when sending messages between chains becomes available. Despite this limitation, there are tentative plans for a "mirror" event where the team will distribute mveHND to all veHND holders at once. This will be done to improve the user experience and cross-applicability of the current positions of veHND while we wait for the release of a secure and reliable messaging solution.