Holdefi is a decentralized open-source non-custodial money market protocol where users can participate as depositors or borrowers. Depositors provide liquidity to the market to earn a passive income, and everyone can borrow from this liquidity and repay it after a while. The Borrower must add collateral before borrowing any tokens. The value of the collateral should be greater than the value of the assets they want to borrow.
This collateral is, in fact, a guarantee that they will repay the borrowed assets. These docs are a comprehensive guide to the Holdefi protocol. Please join the discussion on the Holdefi community Discord server; our team and community members look forward to helping you build on top of Holdefi and enrich your Dapps.
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Use Holdefi and Hold your crypto while spending
Holdefi is a decentralized protocol powered by smart contracts that allows everyone to lend and borrow with their crypto assets.
Holdefi is a lending platform where users can hold their assets and receive interest or borrow tokens and repay it after a while. Like other currency market protocols, Holdefi is an Ethereum-based, open-source, and non-custodial Defi protocol. Thus, the native token of Holdefi (HLD) was designed with one primary goal in mind – to achieve decentralization governance.
The HLD token is an ERC20, Ethereum-based that provide token holders to participate in governance. Supporting a vote delegation process, HLD token-holders (and their delegates) can discuss, propose, and vote on any future changes to the Holdefi protocol. For instance, they can include new assets, or change asset-specific requirements on Holdefi.
An issue that might cause immediate loss of <10% of the funds, or severely damage the protocol state.
Token Overview & Use Cases
The use cases intended for HLD include but are not limited to: Protocol governance, Burning, Liquidity mining, staking. Please consider one primary goal in our mind is to achieve decentralization governance. When Holdefi is fully decentralized; governance decides to burning, liquidity mining, or other usages by voting on the proposals submitted. Further details regarding each of these use cases can be found below.
Protocol Governance: The HLD token can be used to govern various components of Holdefi’s platform, including the futures protocol, exchange parameters, and protocol upgrades via a DAO structure. Governance decides to burning, liquidity mining, or other usages by voting on the proposals submitted.
Burning: The portion of the Holdefi income will undergo a buy-back-and-burn event to accrue value for HLD.
Liquidity Mining: Governance can plan to distribute a specified number of HLD tokens daily weighted by each network participant’s liquidity. In fact, Liquidity mining in the world of DeFi refers to the process of depositing or lending designated token assets with a mining mechanism to provide liquidity for the product’s fund pool and thus obtain an income. This mechanism will increase the users and interacts with the platform.
Staking: Staking is particularly useful for large stakeholders who want to ensure maximum protection of their funds while supporting the network and get rewards for it. This method removes the tokens from the circulation and event to accrue value for HLD.
How does Holdefi generate interest for suppliers?
Holdefi has a liquidity pool to aggregate users’ supply. A supplier can earn interest by supply assets in the liquidity pool, and a borrower can borrow supported assets from the liquidity pool by put Ether or Bat as collateral. The interest received from the borrowers is distributed among the suppliers according to the amount they have supplied. Therefore, the supply rate is calculated automatically based on the total supply in the protocol. Holdefi mechanism can also increase the supply rate through the promotion rate. Holdefi considered this feature to incentivize suppliers and borrowers at different times. You can read more about it on technical paper.
How do interest rates work?
Interest rates fluctuate in real-time based on supply and borrow amounts. When the supply is more than the borrowed amount, the interest rate decreases, and when the borrowed is more than the supply amount, the interest rate increase. Holdefi mechanism can also increase the supply rate through the promotion rate. This mechanism incentivizes a new supplier or borrower to join the platform.
Why choose Holdefi?
The Open-Zepplin team has audited Holdefi. This is an open-source project which allows Ethereum users to interact with . Also, you can build applications to interact with our protocol and enrich your product. Besides all of these things, you can have more profit in with promotion Reserved.
Holdefi can be considered risk entirely free, but Ethereum blockchain and smart contracts are new technologies and are still developing. The Open-Zepplin team has audited Holdefi. Also, we have an ongoing bug bounty campaign running.
Security of the platform is our highest priority. Submit a bug here and earn a reward of up to USD 150,000$ in continuous bug bounty program.
The bounty program will pay out rewards according to the severity of a vulnerability. Payouts will be made in the form of BUSD or USDC, depending on the preference of the bounty awardee.
up to $ 5,000
up to $ 1,000
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One of Coinworldstory's longest-tenured contributors, and now one of our news,ico,hyip editors, Verna has authored over 6900+ stories for the site. When not writing or editing, He likes to play basketball, play guitar or visit remote places. Verna, to his regret, holds a very small amount of digital currencies.