Decectralized Lending Service, HopeLend, Now Live on Ethereum

Hope.money launches its decentralized lending ecosystem, HopeLend.

The project aims to reward all participants, including depositors, borrowers, and lenders.

Hope.money, a pioneer in bridging DeFi to CeFi and TradFi, has launched HopeLend, a decentralized lending protocol, on the Ethereum network. In an announcement this Tuesday, HopeLend, a decentralized, non-custodial lending protocol, aims to revolutionize the borrowing and lending systems across decentralized finance (DeFi) platforms, allowing users to effectively utilize and interact with digital assets within the HOPE ecosystem and across other DeFi platforms.

Regarding the launch, Flex Yang, Founder of Hope.money, said HopeLend will increase the overall liquidity across DeFi ecosystems and reward all participants on the platform to incentivize decentralized borrowing and lending services.

“The debut of HopeLend is a milestone for Hope.money, as it represents an important move toward completing its all-in-one ecosystem,” Yang said. “The non-custodial lending protocol enables all users to benefit from it by increasing liquidity for the HOPE Ecosystem through deposits, loans, and liquidations, and rewarding them with $LT.”

In addition, HopeLend will also significantly improve the capital efficiency and users’ liquidity within the DeFi space, allowing any user to borrow and lend within the protocol. This blends well with the protocol’s goals of providing frictionless and transparent financial infrastructure for everyone.

Unlike legacy DeFi borrowing platforms, HopeLend introduces a pool-based system of borrowing, whereby users directly borrow and deposit to a pool. This eliminates the need for individual loan pairing, making the process of depositing and borrowing easy and frictionless.

Hope.money aims to provide an all-in-one financial ecosystem, providing comprehensive utility for its decentralized stablecoin, $HOPE, including swaps, custodial services, clearing and settlement. The launch of HopeLend increases the utility of the stablecoin and will provide a “solid foundation for $HOPE’s future success as a stablecoin”, Yang added.

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Author: CryptoDaily

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