Topic: What is Holdefi? (Read 54 times)

Holdefi is a lending platform where users can hold their assets and receive interest or borrow tokens and repay it after a while. Like other currency market protocols, Holdefi is an Ethereum-based, open-source, and non-custodial Defi protocol. Two principal roles are supplier and borrower.
In Holdefi, to provide borrowers with better interest than competitors, a new mechanism for determining interest rates is considered, choosing each market’s borrowing interest rate. Based on this mechanism, the borrower will repay the system at a more stable rate than other platforms. The interest received from the borrowers is distributed among the suppliers according to the amount they have provided. Therefore, the supply rate will be automatically calculated based on the total supply in the protocol. This mechanism can also increase the supply rate through the promotion rate.
The borrower must add collateral before borrowing any tokens. The value of the collateral should be greater than the value of the assets they want to borrow. This collateral is, in fact, a guarantee that they will repay the borrowed assets. Each collateral can be used to borrow several different assets.
Each user earns POWER when depositing collateral. This POWER is directly related to the price and the number of deposited collateral and collateral’s value to loan rate (VTL). The collateral will remain intact until the debt is fully paid, or it gets liquidated. User collateral will not receive any interest in this protocol.
Suppose the total value of all borrowed assets on one collateral exceeds the collateral power. In that case, the collateral of the borrower can be liquidated.
for more information please visit the below link.
https://blog.holdefi.com/what-is-holdefi-cb0f45da6c7a