Hakka Finance: Achieving Financial Sovereignty

Hakka Finance offers a range of DeFi apps to empower users in achieving financial sovereignty. These include a decentralized exchange, a stablecoin AMM, and "gamified" insurance products.

All these features are governed by the HAKKA token. According to its Medium site, Hakka was launched in August 2020.

The Visionaries Behind Hakka Finance

Ping Chen, the mastermind behind Hakka, has been a staunch supporter of Ethereum since its inception and has developed various decentralized apps.

Prior to Hakka, Ping Chen authored technical literature on Ethereum targeted at some of the ecosystem's key contributors.

Jack Lai serves as a technical researcher for Hakka. He also produces technical content related to blockchain technology and is a co-organizer at Cypherpunks Taiwan, a prominent cryptography and blockchain technology developer community.

Wego Chen and Ian Hsu also contribute to Hakka as advisors. Chen co-founded Block Tempo, one of China's leading media outlets focusing on blockchain, and hosts the Asia Blockchain Summit conference. Hsu founded EM3's community and was actively involved in the early days of 0x, Chainlink, Kyber, and Zilliqa.

Hakka Finance: A Unique Approach

Hakka Finance places a strong emphasis on decentralized governance, which empowers individuals by transferring power to them.

Hakka offers a range of products, including BlackHoleSwap (BHS) and Third Floor Mutual (3F Mutual). They have also developed Tokenized Collateralized Debt Positions (tCDP) and Crypto Structured Funds (CSF).

BlackHoleSwap is a decentralized AMM designed for stablecoins. It integrates lending protocols to make use of excess supply and utilizes borrowing on the inadequate side. Compared to other AMMs, Hakka Finance claims that BlackHoleSwap can offer "nearly infinite liquidity" with low price slippage, maximizing capital utilization.

Meanwhile, 3F Mutual employs a mechanism that allows people to hedge against the risk of MakerDAO collapsing.

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Hakka Finance (HAKKA) Coins in Circulation

A total of 148,215,353 HAKKA coins are currently in circulation, with 17,895,697 held by the Hakka team. The total supply will be 635,982,513.

Securing the Hakka Finance Network

Hakka Finance operates on the Ethereum blockchain, one of the longest-standing blockchains in the crypto ecosystem. It is currently based on the proof-of-work consensus mechanism, but its transition to proof-of-stake began in December 2020 with the launch of Ethereum 2.0.

Where to Buy Hakka Finance (HAKKA)?

HAKKA can be purchased on various exchanges, including Uniswap, AEX, Balancer, Hotbit, and Hoo.