Hundred Finance update: HND Live price, price chart, news and markets

The HND price update as of now is $0. In the previous 24 hours, its trading volume was $0, and its value has increased by %. As of now, HND's live market cap is $0, and it is ranked as the #22424 on the Coincu. HND has a circulating supply of 100,000,000 and a maximum supply of 100,000,000.

Hundred Finance: The Future of Lending and Borrowing Cryptocurrencies

Hundred Finance revolutionizes the lending and borrowing of cryptocurrencies through its decentralized application (dApp). By seamlessly integrating with Chainlink oracles, Hundred Finance ensures market health and stability, offering a unique platform for trading long-tail assets.

With Hundred Finance, users can both lend and borrow select cryptocurrency assets based on their loan-to-value ratio. On the supply side, users earn variable interest, while on the borrow side, interest accrues. Upon borrowing, the desired assets are sent directly to the user's wallet, while supplied tokens are represented as hTOKENS, such as hETH or hUSDC. These hTOKENS can be redeemed anytime for the original asset, along with any earned interest.

Hundred Finance automatically calculates interest rates, expressed as an annual percentage yield (APY) per token. These rates adjust dynamically on a by-block basis, based on the demand for a particular asset and the liquidity available for meeting that demand. This incentivizes users to stake funds during high-demand periods, contributing to the overall health of the market.

As market conditions change, the value of borrowed and lent assets, along with the accrual of interest, can impact the collateralization of supplied assets. In the event that the collateralization falls below a certain level, an account using Hundred Finance becomes susceptible to liquidation. To address this, independent liquidators step in to claim the account's assets, represented as hTOKENS, along with a liquidation penalty, in exchange for repaying the account's debt until the collateralization ratio returns to a healthy level.

The HND Token: Driving Decentralized Decision-Making and Stimulating User Engagement

Hundred Finance introduces its proprietary token, HND, to empower decentralized decision-making and enhance user engagement. By distributing HND tokens to users based on their liquidity provision, Hundred Finance incentivizes interaction and supports the growth of the project. These tokens play a crucial role in the governance of the platform, ensuring that users have a say in shaping the future of Hundred Finance.