Hydration Announces Launch Of Its Decentralized Borrowing Platform on Polkadot

1 month ago 16

Hydration Announces Launch Of Its Decentralized Borrowing Platform on Polkadot

Hydration has unveiled its decentralized borrowing platform, the Hydration Money Market. The innovative platform empowers users to leverage cryptocurrency as collateral, generate interest on their deposits, and access a range of digital assets through borrowing.

Constructed on the Polkadot blockchain, this platform prioritizes efficiency and innovation within the decentralized finance (DeFi) landscape. Hydration implements on-chain prioritized liquidations, a strategic mechanism to reduce losses and thwart exploitation during liquidation events.

The platform functions as a fork of the AAVE ($336.24) v3 protocol, providing over-collateralized borrowing option...



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