Hashstack

Hashstack provides a permissionless zk-native money market protocol enabling secure under-collateralized loans to the crypto retail. Built on Starknet L2 [announcement], Hashstack leverages the capability of zero-knowledge proofs to provide a cost & capital-efficient lending solution.

Hashstack scales upon the foundations of incumbent money markets (Compound, Aave, Euler Finance) by addressing the blind spots & grey areas for better-balanced risks, and value-add for the system participants, with composability at its core.

A basic summary of Hashstack's Open is as follows: Developed on the protocol of the same name, through Open, anyone anywhere worldwide can borrow up to five times their collateral, completely permission-less, without the need for trusted 3rd parties. That is, one can borrow up to US$500 with collateral of as little as US$100. This is over 600% more loan against the collateral when compared to the incumbent money markets — Compound, Aave, MakerDao.

The $500 loan can be spent entirely as trading capital across Yagi finance, Jediswap, and MySwap in our application directly without needing to switch tabs and interfaces.

The ownership of the balance loan remains with the Open, with the borrower having the right to spend. Open integrates dapps of critical novelty across zk L2 & L1s, where the loan can be spent. For example, a borrower can trade the $500 loan for equivalent BTC on DyDx on Starknet. Here, the transfer of assets happens on a protocol level between Open & DyDx, while the state change of the loan market is recorded for the borrower. If the trade returns a positive yield, the borrower makes a profit, which is theirs to keep. The borrower can repay the debt and exit the transaction with positive returns.

For more detailed information on the Hashstack platform and its development, you can visit the Hashstack documentation page.

Hashstack offers several key benefits and features that set it apart from other DeFi lending platforms:

• Under-collateralized Loans: Users can borrow up to five times their collateral, significantly higher than traditional platforms. This feature enhances capital efficiency and allows users to leverage their assets more effectively.
• Zero-Knowledge Proofs: The platform uses zero-knowledge proofs to ensure transaction security and efficiency, reducing the costs associated with traditional lending. This makes Hashstack a cost-effective option for users.
• Seamless Integration: Hashstack integrates with various DeFi applications, allowing borrowed funds to be used directly in activities like AMMs, yield aggregators, and DEXs. This seamless integration enhances the overall user experience.
• Permissionless Platform: Hashstack operates without the need for trusted third parties, providing users with a true DeFi experience. The permissionless nature of the platform ensures that anyone can participate without barriers.
• High Capital Efficiency: By allowing users to borrow more with less collateral, Hashstack maximizes the utility of digital assets. This high capital efficiency opens up new opportunities for users to engage in various DeFi activities.
• Decentralized Governance: HASH token holders have the power to propose and vote on protocol upgrades and changes, ensuring that the platform evolves in a community-driven manner. This decentralized governance model fosters a sense of ownership and active participation among users.
• Staking Rewards: Users can stake HASH tokens to earn rewards, providing an additional incentive to participate in the ecosystem. Staking also contributes to the security and stability of the network.
• Liquidity Mining Programs: Hashstack offers liquidity mining programs that reward users for providing liquidity to various pools. This enhances the platform's overall liquidity and supports efficient transaction processing.
• Risk Management: The platform employs robust risk management strategies to protect user deposits and ensure the stability of the ecosystem. These strategies include automated liquidations and health factor monitoring.

Getting started with Hashstack is straightforward. Follow these steps to begin:

1. Create an Account:
   • Visit the Hashstack app and connect your crypto wallet. Hashstack supports popular wallets like Braavos and ArgentX.