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...