Holdefi sets a new cornerstone in DeFi lending market – Cointelegraph

The introduction of new borrowing-adjusted mechanisms that have never been seen in DeFi protocols is set to disrupt the market. 

2020 was the year of decentralized finance, especially when considering the dynamics of the sector. The major growth that DeFi lending protocols experienced resonated in a strong consumer interest with around $14.4 billion in total value locked in such protocols at the end of 2020. As with most innovations, the demand for technologically improved and problem-solving projects continues to rise. 

Holdefi is one of the latest decentralized lending protocols empowered by smart contracts. Major investments in improving security features are part of the organizational culture of Holdefi in order to meet the highest security standards. The company even takes that step further through cooperation with Ethereum and OpenZeppelin for audits, bug bounties and tests. 

The innovations of Holdefi’s lending protocol

Holdefi is an open-source, non-custodial and Ethereum-based lending protocol, allowing users to function as suppliers and borrowers. The key functionality of the protocol is similar to lending funds from a traditional bank, but the need for an intermediary is completely eliminated. 

While borrowers have to put collateral in order to borrow funds on one side, we have lenders on the opposite side, who must deposit their collateral to generate profits. Multiple cryptocurrencies are supported, including stablecoins like USD Coin (USDC), Dai, Tether (USDT), True USD (TUSD) and Binance USD (BUSD).

Borrowers are provided with