Hashstack Finance ICO: Innovating with 500% Collateral Loans

 

Quick Overview

• Under-Collateralized Loans: Hashstack Finance revolutionizes DeFi with loans exceeding deposits, enhancing capital access.
• Token Sale: The anticipated ERC20 token sale raised $1M, attracting investor attention and strategic investments.
• V1 Public Testnet: Major update allowing up to 500% collateral loans, introducing new features and enhanced user experience.
• Breaking Changes: New UI, tokenized positions, updated interest model, and innovative features like ZeroRepay.
• Core Features: Retains primary markets and dual liquidation module, focusing on sustainable lending with a dynamic CDR.

In the dynamic world of decentralised finance (DeFi), Hashstack Finance stands out with its innovative approach to under-collateralized loans. Hashstack is rapidly gaining traction within the crypto community as a platform committed to simplifying capital access. This article delves into the various facets of Hashstack Finance, highlighting its upcoming ICO, major events, and unique features.

Hashstack’s Unique Under-Collateralized Loan Model

Hashstack Finance operates as a DeFi platform with a unique focus on under-collateralized loans. Unlike traditional lending protocols that require substantial collateral, Hashstack’s open protocol allows users to borrow significantly more than they deposit. This approach revolutionises the DeFi space by making capital more accessible to a broader audience, thereby fostering financial inclusion and innovation.

Token Sale Attracts $1M in Initial Funding

Investors and enthusiasts alike eagerly await Hashstack Finance’s token sale. Scheduled to launch soon, the sale has already attracted $1,000,000 in initial funding. The tokens, classified as ERC20, will serve as utility tokens within its ecosystem. The token sale’s successful seed round and strategic investments hint at a promising future for Hashstack, further solidifying its position in the DeFi market.

Testnet Launch: 500% Collateral Borrowing Unveiled

A significant milestone for Hashstack is the upcoming release of its V1 public testnet. This major upgrade aims to simplify access to capital through permissionless loans, providing users with the ability to borrow up to 500% of their collateral. Moreover, the testnet introduces several new features, including custodian rights to spend on Starknet native dApps and ensuring that all profits from liquidity provision belong to the borrower. This transition from V0.10 to V1.0, guided by user behaviour, promises to enhance the user experience and expand the platform’s capabilities.

Hashstack V1: ZeroRepay and AMM Pool Integration

Hashstack’s V1 release also comes with several breaking changes designed to improve user experience and system functionality. A redesigned user interface makes navigation intuitive, while the tokenisation of supply and debt positions (e.g., rUSDT, dUSDT) offers greater flexibility. Additionally, the interest rate model has switched from the DIAL to a tweaked version of Aave’s yield curve model. These changes, coupled with the ability to provide liquidity to AMM pools and the innovative ZeroRepay feature that allows for self-liquidation of debt, mark a new era for Hashstack users.

USDT, USDC, DAI: Supported Markets in Focus

Despite the numerous upgrades, Hashstack Finance retains several core features that have proven successful. It ensures support for primary markets in USDT, USDC, DAI, wETH, and wBTC, alongside the dual liquidation module. Notably, the platform does not support add-on loans or flash loans, maintaining its focus on sustainable and secure lending practices. The permissible collateral-to-debt ratio (CDR) remains autonomously determined, ensuring that borrowing power is both fair and dynamic.

Hashstack Mainnet: 2,000 Transactions & 23% Debt Requests

Hashstack’s mainnet alpha provides a glimpse into the platform’s performance. With access enabled to 100 accounts, the platform has implemented supply and borrow caps to ensure stability. The total value locked (TVL) hovers around $10,000, with over 2,000 transactions recorded. Debt requests account for 23% of interactions, with an average loan-to-value (LTV) ratio of 210% and an asset utilisation rate of 27%. These metrics underscore Hashstack’s robust infrastructure and growing user base.

Hashstack’s CCP: Boosting Engagement with Double Points

To engage the community and highlight the platform’s features, Hashstack has launched a comprehensive Content Creators Program (CCP). This campaign invites creators to generate diverse content, including articles, threads, videos, memes, and posts. Non-English content is particularly encouraged, receiving double the points. Participants can earn points through various activities, with a robust points system rewarding creativity and engagement. Monthly, the platform selects five standout contributors to receive tenfold booster points, fostering a vibrant and active community.

Additionally, the CCP aims to leverage content creators’ unique talents and creativity to showcase the dApp in diverse and engaging ways. This dual focus on technical innovation and community engagement positions Hashstack Finance as a forward-thinking leader in the DeFi space.

The Future of DeFi with Hashstack

Hashstack Finance ICO’s journey is just beginning, but its impact on the DeFi landscape is already substantial. By offering under-collateralized loans and a host of innovative features, the platform aims to redefine how users access and utilise capital. With the impending token sale, the release of the V1 public testnet, and a thriving content creators program, Hashstack seems poised to make significant strides in 2024 and beyond.