Hydration, a decentralized finance (DeFi) platform, has launched its money market on the Polkadot blockchain. The Hydration Money Market allows users to supply cryptocurrency as collateral, earn interest on their deposits, and borrow various digital assets. The platform features on-chain prioritized liquidations to minimize losses and prevent exploitation during liquidation events.
Built as a fork of the AAVE v3 protocol, it offers over-collateralized borrowing and advanced strategies, catering to users seeking diverse financial solutions within the DeFi space. Hydration aims to democratize access to financial tools while ensuring sustainable protocol development, focusing on transparency and user-centric design.
For more information, visit hydration.net or app.hydration.net, or follow Hydration on X (formerly Twitter).
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<p>The post Hydration Money Market: Polkadot-based Decentralized Borrowing Platform first appeared on CoinBuzzFeed.</p>
