Hydration Money Market, a decentralized borrowing platform by Gibraltar-based Hydration, has been launched. The platform allows users to provide cryptocurrency as collateral, earn interest on their deposits, and borrow various digital assets. Built on Polkadot blockchain, the platform focuses on efficiency and innovation in the DeFi space.
It introduces on-chain prioritized liquidations to minimize losses and prevent exploitation during liquidation events. As a fork of the AAVE v3 protocol, the platform offers over-collateralized borrowing capabilities and advanced strategies, such as leveraging positions and arbitraging interest rates.
The launch is part of Hydration’s mission to democratize access to financial tools and ensure sustainable protocol development. For more information, visit hydration.net, app.hydration.net, or follow Hydration on Twitter. Hydration is a blockchain-based platform that aims to enhance financial accessibility and innovation through decentralized tools.
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<p>The post Introducing Hydration Money Market: A Decentralized Borrowing Platform on Polkadot Blockchain first appeared on CoinBuzzFeed.</p>