Hashstack
Mainnet V1Discord
English Language
English Language
  • 🙌Overview
  • 💡Concepts
    • 🎮Slippage Control
    • 📈Automated Liquidity Provision
    • 💵Permissible CDR
    • 💸Liquidations
    • 🏝️Isolated margin
    • 💵Debt management
    • 💻Proxy/Upgrade Structure
  • 📈Degen Mode
  • 💯How to use Hashstack V1
    • How do I connect my wallet?
    • Supply
    • Borrow
    • Spend Borrow
      • Convert tokens to original borrow market
      • Liquidity Provision
      • Swapping
    • Staking rTokens
    • Unstaking rTokens
    • Repay borrow
    • Zero repay
    • Withdraw Supply
    • Add collateral to existing borrow
    • Add tokens to existing supply
  • ❓FAQs
  • 📒Glossary
  • Guide to Airdrop Campaign
  • Risk Management Framework
  • 💻Developer Hub
  • ✍️ Content Creators Program (CCP)
  • 💰Contribute-2-Earn
  • 🔗Official links
  • 📑Mainnet V0.10 Guide
Powered by GitBook
On this page

Was this helpful?

Edit on GitHub

Overview

NextConcepts

Last updated 1 year ago

Was this helpful?

Hashstack provides a permissionless zk-native money market protocol enabling secure under-collateralised loans to the crypto retail. Built on [], Hashstack leverages the capability of zero-knowledge proofs to provide a cost & capital-efficient lending solution.

Hashstack scales upon the foundations of incumbent money markets (, , ) by addressing the blindspots & grey areas for better-balanced risks, and value-add for the system participants, with composability at its core.

A basic summary of Hashstack's Open is as follows:

The ownership of the balance loan remains with the Open, with the borrower having the right to spend. Open integrates dapps of critical novelty across zk L2 & L1s, where the loan can be spent. For, eg, A borrower can trade the $500 loan for equivalent BTC on DyDx on Starknet. Here, the transfer of assets happens on a protocol level between Open & DyDx, while the state change of the loan market is recorded for the borrower. If the trade returns a positive yield, the borrower makes a profit, which is for theirs to keep. The borrower can repay the debt and exit the transaction with positive returns.

Developed on the protocol of the same name, through Open, anyone anywhere worldwide can borrow up to five times their collateral, completely permission-less, without the need for trusted 3rd parties. That is, one can borrow up to US$500 with collateral of as little as US$100. This is over 600% more loan against the collateral when compared to the incumbent money markets — , , .

The $500 loan can be spent entirely as trading capital across , and in our application directly without needing to switch tabs and interfaces.

🙌
Compound
Aave
MakerDao
Yagi finance
Jediswap
MySwap
Starknet L2
announcement
Compound
Aave
Euler Finance