Hundred Finance

Hundred Finance

Hundred Finance HND Rank #4191

Hundred Finance (HND) Token Buying Guide - Explanation, Price and Staking

Hundred Finance Exchanges

Exchange Market Pairs Buy
MEXC LTC/USDT -
Solidly MIM/USDC -
SpookySwap WFTM/MIM -
Beethoven X USDC/BOO -
OpenOcean MIM/USDC -
DODO (Arbitrum) DF/USX -
Hundred Finance is 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, while specializing in serving long tail assets. Hundred Finance users can lend selected cryptocurrency assets and borrow against their loan-to-value ratio, earning variable interest on the supply side and accrued interest on the loan side. The loan deed sends the desired asset to the user's wallet, while the provided tokens are represented there as hTOKENS (eg hETH, hUSDC, etc.). These hTOKENS can be redeemed at any time for the original asset plus any accrued interest. Interest rates at Hundred Finance are automatically calculated and expressed per token as an Annual Percentage Yield (APY). These rates are adjusted on a per-block basis in response to the demand for a particular asset and the liquidity available to meet that demand. This encourages users to stake funds when demand increases, which helps keep the market healthy. Changes in the market value of the assets borrowed and lent, as well as the accumulation of interest, may mean that the value of the assets provided no longer sufficiently guarantees the obligations on the assets lent. Once the collateral on a debt position falls below a certain level, an account using Hundred Finance becomes vulnerable to liquidation. The liquidation process requires that your assets (hTOKENS) be reclaimed (plus a liquidation penalty) by independent liquidators in exchange for payment of account debt until your collateral ratio has returned to a healthy level. The Hundred Finance platform has its own token, HND. Once sufficiently distributed among users, the HND token will allow protocol decisions to be made in a decentralized manner through its implementation in governance. Its distribution to users based on the provision of liquidity to the protocol also encourages interaction and helps start the Hundred Finance project.