Hakka.Finance price

HAKKA

#1897

The brainchild of Hakka is Ping Chen, who has supported Ethereum since inception and has developed a range of decentralized apps.

Before Hakka, he produced technical literature about Ethereum that was targeted at some of the ecosystem’s biggest contributors.

Meanwhile, Jack Lai acts as a technical researcher for Hakka. He also produces technical content concerning blockchain technology, and is a co-organizer at Cypherpunks Taiwan, one of the largest cryptography and blockchain technology developer communities.

Meanwhile, both Wego Chen and Ian Hsu appear as advisors and contributors to Hakka. Chen co-founded Block Tempo, a prominent Chinese media outlet on blockchain issues. He also hosts the Asia Blockchain Summit conference. Hsu founded EM3’s community, and was an active participant in the early days of 0x, Chainlink, Kyber and Zilliqa.

According to its official site, Hakka Finance places an emphasis on decentralized governance, because of how it transfers power to individuals.

The products Hakka offers are BlackHoleSwap (BHS) and Third Floor Mutual (3F Mutual,) while Tokenized Collateralized Debt Positions (tCDP) and Crypto Structured Funds (CSF) have also been developed.

The BlackHoleSwap is a decentralized AMM geared toward stablecoins. Lending protocols are integrated to leverage excess supply, and borrowing is utilized on the inadequate side. In comparison to other AMMs, Hakka Finance says BlackHoleSwap can provide “nearly infinite liquidity” with low price slippage, maximizing capital utilization.

Meanwhile, 3F Mutual employs a mechanism that allows people to hedge against the risk of MakerDAO collapsing.

HAKKA can be bought on many exchanges such as Uniswap, AEX, Balancer, Hotbit and Hoo.

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