Hashstack is Bringing Under Collateralized Loans to Crypto Lendingby@IshanOnTech
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Hashstack is Bringing Under Collateralized Loans to Crypto Lending

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Hashstack Finance is testing Open Protocol, a first-ever DeFi lending protocol to offer non-custodial, secure under-collateralized loans. The open protocol is based on the Harmony blockchain, allowing borrowers to take out loans with a 1:3 collateral-to-loan ratio. This implies that an individual can obtain up to $300 with only $100 in collateral. Users can extract 70% of the collateral, or $70 in this scenario while trading with $230 in-platform capital.

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