Hundred Finance Price(HND)

Hundred Finance is characterized as a community-owned fork of an existing lending protocol, tailored to cater to long-tail assets across a myriad of blockchain networks. This includes prominent platforms such as Ethereum, Arbitrum, Fantom, Harmony, and Moonriver.

At its core, the platform enables users to earn yield on their assets while providing opportunities for borrowing, all facilitated through decentralized mechanisms. By leveraging the power of smart contracts, Hundred Finance seeks to eliminate the need for intermediaries, thereby allowing users to engage in financial activities in a direct and transparent manner.

The distinctiveness of Hundred Finance lies in its use of the “vote-escrow” governance model. This unique mechanism awards decision-making power to the community, promoting a governance structure that encourages active participation. Essentially, holders of the HND governance tokens are empowered to vote on critical parameters that influence the system, reinforcing the notion of decentralization.