Looking for a decentralized lending platform that provides cost and capital-efficient solutions to the crypto retail market? Look no further than Hashstack, the innovative startup that is transforming the lending landscape with its permissionless, under-collateralized loans.
An Introduction to Hashstack
Hashstack is a cutting-edge finance startup that provides a zk-native money market protocol that enables secure under-collateralized loans to the crypto retail market. The platform is built on Starknet L2 and leverages the power of zero-knowledge proofs to offer cost and capital-efficient lending solutions.
With Hashstack, users can borrow up to three times their collateral without any trusted third parties or intermediaries. The platform scales on the foundations of incumbent money markets such as Compound, Aave, and Euler Finance, addressing their blind spots and grey areas for better-balanced risks, and value-add for the system participants.
Hashstack’s Open
One of the most exciting aspects of Hashstack is its Open protocol. Through Open, anyone anywhere in the world can borrow up to three times their collateral completely permissionless. This is a massive increase when compared to other money markets, such as Compound, Aave, and MakerDao, which only offer a maximum loan-to-collateral ratio of around 75%.
Using Open, users can borrow up to $300 with collateral as little as $100, giving them access to a world of new opportunities. Borrowers can use the loan as trading capital or withdraw a portion of it up to $70 (i.e., up to 70% collateral equivalent) into their personal wallet, with the balance of $230 staying within the protocol to be used as trading capital.
In addition, Hashstack’s Open protocol integrates dapps of critical novelty across zk L2 & L1s, providing users with a wide range of options for spending their loan. For example, a borrower can trade the $300 loan for equivalent BTC on DyDx on Starknet, where the transfer of assets happens on a protocol level between Open and DyDx, while the state change of the loan market is recorded for the borrower.
Hashstack’s Future
As the crypto market continues to grow and evolve, Hashstack is positioned to be a major player in the lending space. With its innovative use of zero-knowledge proofs and its focus on providing cost and capital-efficient solutions to the crypto retail market, Hashstack is well on its way to revolutionizing the lending industry.
In Conclusion
If you’re looking for a decentralized lending platform that provides cost and capital-efficient solutions to the crypto retail market, Hashstack is the perfect choice. With its permissionless, under-collateralized loans, and its innovative use of zero-knowledge proofs, Hashstack is transforming the lending industry and providing users with a world of new opportunities.
Website: https://hashstack.finance
Twitter: https://twitter.com/0xHashstack
