Hashstack (HASH)

IDO

Last updated: Jun 19, 2022

Hashstack Finance is a DeFi platform whose Open protocol aims to disrupt the DeFi market by offering the first non custodial under-collateralized lending solution for the retail market.

Hashstack seed round raised $1Mn

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Overview

Project industry	Trading & Investing
Product type	Cryptocurrency
Founded	India
Whitepaper	Open

What is Hashstack

Hashstack’s Open Protocol is the only product today that enables under-collateralized loans up to 1:3 collateral-to-loan ratio.

The Hashstack has developed a novel mechanism that enables eternal scalability of storage and logic of smart contracts.

To accelerate the growth of DeFi lending, Hashstack’s Open Protocol eliminates inefficiencies from the DeFi ecosystem through a three-pronged approach:

Clear compartmentalisation of APY and APR of deposits/loans with that of their minimum commitment period (MCP)
Effective asset utilization through diversification of available assets via lending and providing trading capital
Under-collateralized loans

Hashstack integrates with other DeFi solutions such as Pancakeswap to facilitate in-app market swaps and to improve loan utilization.

With Hashstack, borrowers can exchange borrowed tokens for other primary or secondary coins without having to switch dApps.