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Harbor (HARBOR)

Last updated: Jan 03, 2023

Harbor protocol is the dApp on the Comdex chain that enables safelisted assets to be locked in vaults & mint $CMST against them at a varying interest rate.

How to claim the $HARBOR airdrop

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Overview

Project industry	Finance Services & Banking
Product type	Protocol
Founded	India
Whitepaper	Open

What is Harbor

From its inception, Comdex has aimed to have a vibrant ecosystem of solutions bringing DeFi to the Cosmos ecosystem and eventually bridging the gap between CeFi and DeFi. A key component to any thriving DeFi ecosystem is the presence of a robust, decentralized, and censorship-resistant stablecoin.

The Cosmos ecosystem has seen tremendous growth in the past year with the emergence of a large ecosystem of solutions and assets. Assets and their owners seek liquidity, which is one of the primary functions of DeFi markets. Despite its growth, the ecosystem is yet to see the full-fledged emergence of DeFi. Composite ($CMST), a fully collateralized, IBC-enabled stablecoin, is built to bring liquidity to Cosmos assets and power DeFi on Cosmos.

Composite ($CMST) is a stablecoin designed to represent purchasing power and is therefore soft pegged to $1; however, as the global macro landscape develops, that may be subject to change in the future.