Crypto projects in the cryptocurrency market aim to make finances better for crypto users. Such is seen in Solana (SOL), a decentralized platform that seeks to scale cryptocurrencies when it comes to making transactions. Solana (SOL) has paved the way for many other decentralized applications in the crypto space. HypaSwap (HYPA) is one of them to improve Defi lending and borrowing.
Ever since the advent of blockchain crypto technology, the financial system has experienced a change, eliminating the need for a central authority on finances. Before Defi, lending and borrowing money required many processes and middlemen with unfavorable conditions and interests. However, Defi has made everything easier with lending and borrowing through liquidity pools.
HypaSwap is a Defi platform built on the Ethereum network as a decentralized protocol with non-custodial liquidity that lets lenders and borrowers swap assets through a liquidity pool. With HypaSwap (HYPA), Lenders get to lend assets to the platform and earn interest over locked assets. The borrowers get to borrow assets in exchange for collateral from the liquidity pool.
Each crypto project in the cryptocurrency market focuses on solving one problem or two. Solana (SOL), for instance, helps scale throughput beyond what was ordinarily achievable among blockchain networks. HypaSwap ‘s primary focus is lending and borrowing, and as such, it has a robust system to make transactions using HYPA without losing capital to fraud or default loans. One of the mechanisms it employs is making borrowers overcollateralize or overpay loans, so lenders get paid in every scenario with interest rate.
HypaSwap (HYPA), with its comprehensive structure for its members, also ensures staking and collateral swapping. All of which could keep its token at par with Solana (SOL).
HypaSwap Is Wholly Decentralized Like Solana (SOL) And Progressive With Lending/Borrowing
Some of the leading lending/borrowing platforms in the cryptocurrency market claim to be decentralized but do the opposite regarding stakeholders and team members holding tokens to sway proposals and governance. However, HypaSwap (HYPA) seeks to be different by imitating Solana (SOL) in its form of decentralization.
As decentralized as Solana (SOL) is, it has thrived with endless smart contracts running, improving the scalability of blockchain technology by miles. HypaSwap’s decentralization will give the platform excellent liquidity through its aggressive approach to innovation that trumps competitors’ shortcomings. In addition, HypaSwap’s value will rival that of Solana (SOL) with the plethora of tokens to give versatility in lending and borrowing.
The platform will maintain a highly liquid market that will keep it above its competitors and will be supported by the Hypa Safety Module and HYPA/ETH liquidity pools. From the onset of buying HypaSwap (HYPA), you start receiving bonuses. For instance, you get more HYPA tokens to buy with a certain cryptocurrency or refer someone to the platform.
When you buy HYPA tokens with ETH, BNB, USDT TRC-20, USDT ERC-20, BTC, SOL, or XRP, you get 11%, 15%, 20%, 10%, 10%, 10%, or 10% more of the HYPA tokens you buy. If you refer a person to the platform and the person spends up to $200, the both of you get $50 worth of HYPA tokens each.
HypaSwap Staking Protocol And Incentives
HypaSwap Staking Protocol gives users who stake HYPA rewards in the form of HYPA tokens. Through staking, HYPA users will help to eliminate problems of an unhealthy liquidity pool, and contributors will earn good returns. The APY will depend highly on the lock-in period. Staking on HypaSwap also gives users the right to participate in governance and facilitates the safety module to secure the project’s protocol.
The platform will also ensure systematic incentives to enhance users to participate in staking HYPA to the liquidity pool and lure more users to the platform.
HypaSwap could be the next big cryptocurrency in the Defi market from the values offered. So secure your spot in the ecosystem today by purchasing HYPA tokens!
KEYWORDS:Solana (SOL),HypaSwap,HYPA, HYPA tokens