Hashstack & Under-Collateralised Lending in DeFi - TOKEN2049 Singapore 2022
Explore how Hashstack is revolutionizing the decentralized finance sector with its innovative approach to under-collateralized lending in this informative TOKEN2049 Singapore 2022 conference talk by Vinay, Founder and CEO of Hashstack. Delve into the complexities of the DeFi financial ecosystem, where traditional over-collateralization limits accessibility for retail users, and discover how Hashstack bridges this gap with under-collateralized loans of up to 300% of the collateral value, redefining lending possibilities on the blockchain.
Vinay outlines the challenges in profiling borrowers and debt recovery within DeFi, and introduces novel solutions that leverage online reputation and mimic credit scores on the blockchain. However, with less than 1.5% of the global population participating in DeFi, these methods are deemed impractical. Instead, Hashstack draws from traditional finance models, giving users a flexible framework to use loans for personal finance and trading needs while minimizing risks through a robust internal protocol and dual price feed mechanism.
Join Vinay as he demonstrates the seamless integration of applications across Layer 1 and Layer 2 chains, highlighting Hashstack’s mission to enhance asset utilization and secure lending practices without compromising on security or scalability. Currently active on the BNB Chain and soon launching on StarkNet, Hashstack is set to propel mass adoption with over $356 million in testnet liquidity already acquired.
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