2 hours ago
November 29, 2024 – Gibraltar, Gibraltar Hydration has announced the launch of its decentralized borrowing platform, the Hydration Money Market. The new platform allows users to supply cryptocurrency as collateral, earn interest on their deposits and borrow various digital assets. Built on the Polkadot blockchain, the platform emphasizes efficiency and innovation in the DeFi (decentralized finance) ecosystem. Hydration introduces on-chain prioritized liquidations, a mechanism designed to minimize losses and prevent exploitation during liquidation events. The platform operates as a fork of the AAVE version three protocol, offering over-collateralized borrowing capabilities and enabling users to explore advanced strategies, such as leveraging positions and arbitraging interest rates. These features cater to users seeking diverse, risk-adjusted financial strategies within the DeFi space. Hydration’s launch is a step forward in its mission to democratize access to financial tools while ensuring sustainable protocol development. The project’s focus on transparency and user-centric design aligns with the broader goals of fostering a robust, decentralized financial ecosystem. For more information, users can visit the website or the Hydration web app , or follow Hydration on X . About Hydration Hydration is a blockchain-based platform dedicated to enhancing financial accessibility and innovation through decentralized tools. By leveraging Polkadot’s scalability and interoperability, Hydration aims to empower individuals and institutions with secure, transparent and efficient solutions for borrowing, lending and managing digital assets. Contact Valery Hydrator This content is sponsored and should be regarded as promotional material. Opinions and statements expressed herein are those of the author and do not reflect the opinions of The Daily Hodl. The Daily Hodl is not a subsidiary of or owned by any ICOs, blockchain startups or companies that advertise on our platform. Investors should do their due diligence before making any high-risk investments in any ICOs, blockchain startups or cryptocurrencies. Please be advised that your investments are at your own risk, and any losses you may incur are your responsibility. Follow Us on Twitter Facebook Telegram Check out the Latest Industry Announcements The post Hydration Unveils Decentralized Borrowing Platform on Polkadot appeared first on The Daily Hodl .
The Daily Hodl
You can visit the page to read the article.
Source: The Daily Hodl
Tags :
Press Releases sponsored
Disclaimer: The opinion expressed here is not investment advice – it is provided for informational purposes only. It does not necessarily reflect the opinion of BitMaden. Every investment and all trading involves risk, so you should always perform your own research prior to making decisions. We do not recommend investing money you cannot afford to lose.
Polkadot 2.0 Launching in 2025 Could Enhance Scalability and Developer Access Amid 100% DOT Surge
Polkadot 2.0, an ambitious upgrade slated for Q1 2025, aims to enhance the scalability and developer experience of the blockchain ecosystem. This upgrade will reportedly cut block times to just The Daily Hodl
Top 2 Gaming Tokens For 100% Surge In December 2024!
The post Top 2 Gaming Tokens For 100% Surge In December 2024! appeared first on Coinpedia Fintech News Story Highlights The Gaming tokens regain momentum, 5th best-performing category of the day. The SAND token records a 2x surge this week and the GALA token bags 100% this month. Technical indicators record increased bullish action, highlighting a higher price target. The Gaming tokens have recorded a strong bullish recovery with top tokens recording a 3-digit surge this week. Notably, with a 24-hour trading volume of $5.69 billion (+13.19%), this category is currently valued at $29.19 billion with an intraday jump of 7.39%. With the rising bullish sentiment, will SAND and GALA lead the Gaming category’s bullish rally this Altcoin season? You are a few minutes away from finding out the short-term possibilities of these two altcoins. Sandbox (SAND) Amid increased bullish recovery, the SAND price has jumped ~80% this week and 150.67% during the last 30 days. Moreover, with a market cap of $1.564 billion, it has secured the 66th position in the global crypto market. TradingView: SAND/USDT The Relative Strength Index (RSI) continues hovering above the overbought range in the daily time frame. Further, its average trendline displays a bullish rise. This suggests a positive outlook for the altcoin in the upcoming time. If the bulls regain momentum, the SAND price may retest its upper resistance level of $0.80. On the flip side, a bearish pullback could result in the price testing its lower support level of $0.50. Will the SAND price hit $1 this year? Find out now with CoinPedia’s Sandbox Price Prediction ! Gala (GALA) The Gala price has surged 8.49% in 24 hours with a trading volume of $351.48 million. Further, it has added 38.71% over the last seven days and 90.67% during the past 30 days. TradingView: GALA/USDT The Simple Moving Average (SMA) constantly supports the GALA price chart in the 1D time frame. Moreover, with its MACD indicator recording a bullish price action, this altcoin may continue gaining value in the upcoming time. Maintaining the price above its resistance level of $0.03975, this altcoin may head toward its resistance level of $0.05305. On the contrary, if the bears outrun the bulls, the GALA token may retest its support trendline of $0.02675. FAQs How much is The Sandbox worth? With an intraday jump of ~10%, the SAND price is currently valued at $0.6425. What is the all-time high for sandbox? The ATH of the SAND token is $8.44 and was recorded on 25th November 2021. Can the Gala coin reach 1 dollar? For the GALA token to achieve this price target, it will require a jump of 2,531% in its valuation. The Daily Hodl
OTHER
BLOCKCHAIN
-
Bitcoin Edges Closer to $100,000 As Alts Surge
2 saat önce
