Тhe company introduces a new borrowing-adjusted mechanism, never seen in DeFi protocols before
The rapidly evolving sector of decentralized finance, or DeFi, is a wonderful use case of the usage of smart contracts on a blockchain. The past several months were especially dynamic for DeFi, as the majority of lending protocols surged in total value locked (TVL).
Holdefi is one of the most innovative DeFi lending protocols and resembles a decentralized protocol powered by smart contracts. The team at Holdefi is prioritizing the security features by spending all the necessary resources to ensure that the lending protocol meets even the highest security standards. To achieve this, Holdefi cooperated with companies such as Ethereum and Open Zeppelin for security audits and deployed bug bounty programs to maximize the ecosystem`s security levels.
What’s inside Holdefi’s lending protocol
Holdefi’s functionalities are powered by smart contracts. Smart contracts enable crypto software developers to develop highly sophisticated algorithms, which further enhance the capabilities of the DeFi, rather than just sending and/or receiving cryptocurrencies. Smart contracts enable an open-source alternative to every financial service we use today – savings, loans, trading, insurance, etc. The services are available to anyone in the world who has access to