Hundred Finance

Hundred Finance


Key Metrics

Real Volume (24H)$7.24
Fully Diluted Valuation$2,134,039
ATH Date1/4/2022, 7:02:18 PM
ATL Date11/27/2021, 2:33:25 AM
Circulating Supply28M
Total Supply100M
Popularity Rank2929
What is Hundred Finance?

Hundred Finance is a decentralized application (dApp) that offers cryptocurrency lending and borrowing services. As a multi-chain protocol, it is integrated with Chainlink oracles to ensure market stability and health. The platform specializes in serving long-tail assets, providing users with a wide range of options to choose from.

Lending and borrowing on Hundred Finance is easy and straightforward. Users can lend select cryptocurrency assets and borrow against their loan-to-value ratio. On the supply side, users can earn variable interest, while on the borrow side, they accrue it. When a user borrows an asset, it is sent to their wallet, while the supplied tokens are represented as hTOKENS (e.g., hETH, hUSDC, etc.). Users can redeem these hTOKENS at any time for the original asset plus any accrued interest.

Interest rates on Hundred Finance are calculated automatically and expressed per token as an annual percentage yield (APY). These rates adjust in response to the demand for a particular asset and the liquidity available to supply that demand. This helps to maintain ongoing market health by encouraging users to stake funds when demand increases.

However, changes in the market value of assets being borrowed and lent, as well as the accrual of interest, can lead to the value of supplied assets no longer sufficiently collateralizing obligations on borrowed assets. When the collateralization of a debt position falls below a certain level, an account using Hundred Finance becomes vulnerable to liquidation. The liquidation process entails independent liquidators claiming the assets (hTOKENS) plus a liquidation penalty in return for repaying the account's debt until its collateralization ratio has returned to a healthy level.

The Hundred Finance platform has its own token, HND. The token allows for decentralized decision-making through its implementation in governance, once sufficiently distributed among users. Its distribution to users based on their provision of liquidity to the protocol incentivizes interaction and assists in bootstrapping the Hundred Finance project.

Overall, Hundred Finance is a reliable and secure platform that offers a range of cryptocurrency lending and borrowing services. Its integration with Chainlink oracles ensures market health and stability, and its multi-chain protocol provides users with a broad range of options to choose from.


The investment information, comments, and recommendations provided here do not fall under the scope of investment consulting. Therefore, making an investment decision based solely on the information and comments provided here may not yield results that meet your expectations.

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