Hashstack
Search…
⌃K
Links

Use-cases

Inflation hedge

As the world struggles through stagflation, Hashstack's LP enjoy savings apr as high as 15%ca
Liquidity providers can earn up to 15% savings apr by depositing their crypto assets with Hashstack. For perspective, the Federal funds rate(FFR) is ~3.25%.
​
This interest rate is much higher than the current inflation rate (August 2022) in the US i.e. 8.2%. Therefore, users can lend their funds to the Open protocol to hedge their crypto assets against inflation.

Shorting

You can short an asset by using Open’s borrowing facility. For instance, assume Bob holds an asset A, and he thinks asset B is going to crash. So, Bob can borrow B from the protocol by submitting A as collateral and selling B in the open market. Unlike other platforms, Bob can borrow upto 3 times the collateral he deposits on Hashstack. If the price of B decreases, he can buy it again and repay the loan, thereby making a profit.

Free-up Liquidity

Borrowers can use their loan amount on integrated platforms like Jediswap, Balancer, Curve, and Uniswap. You can also withdraw up to 70% of your collateral amount from the loan amount. This way, you can stay invested in an asset and get liquid assets from the protocol by paying a nominal charge.

Passive Income

Users can earn huge incentives for lending their funds. If you are holding an asset and want to earn extra interest, you can lend it to the Open protocol.

Collateral Swapping

Users can use the loan to change the collateral of another loan on the same platform or another platform. Let’s say a person has already taken a loan of USDC by providing ETH as collateral. He can borrow USDC from the Open protocol and repay the loan. Now, he can easily take a new loan on the platform and submit the collateral of his choice.