Hundred Finance — a decentralized application (dApp) that allows you to lend and borrow cryptocurrencies. A multi-chain protocol integrates with Chainlink oracles to ensure market health and stability, specializing in providing markets for long-term assets.
About Hundred Finance
Borrowing and lending platforms - one of the key applications that users look for in any growing network. 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 the 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 want to use on the main page of the coin defi 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.
More about defi app
One of Hundred Finance's key contributions to the cryptocurrency space - the rollout of multiple chains. Bridges - a necessary infrastructure that allows decentralized transfer of tokens across chains. Assets, deposited with Hundred Finance, as well as the native HND token, can cross these bridges, allowing the free movement of capital to those chains where there is more demand for their use.
Hundred Finance provides multiple borrowing and lending markets for various crypto assets. By depositing cryptocurrencies on the platform, users receive a variable interest rate on their deposits, determined by the interaction of supply and demand patterns, and the interest rate, set by the smart contract.