Holdefi review (HDL token): the lending and borrowing protocol on DeFi

Of course, DeFi is disrupting traditional financial services and it is going ever faster. However, even if it is very innovative, most of the services, as innovative as they are, still only reach people who are already well aware of DeFi events.

It's still rare, but certain companies and projects are trying to break the ice and make their services accessible to as many people as possible.

Typically, we can cite HoldeFi which is an open source, non-custodial decentralized lending platform that generates attractive passive income for all users.

Holdefi Overview

More precisely, users can borrow and lend in a simple and decentralized way.

Unlike other platforms of this type which are centralized such as Youhodler ou Nexus for example, there is no need to provide KYC for example.

All you have to do is deposit the collateral to be able to borrow immediately. This collateral serves as guarantee. Users can then deposit cryptos and stablecoins such as USDC, DAI, USDT and BUSD.

Even more interesting, they can borrow different cryptos by posting a single collateral. Finally, this is possible as long as the value meets the protocol requirements.

The ERC-20 utility token is the token used on Holdefi. It is also a governance token in the sense that you can participate in the decisions of the protocol. The HDL token can be used for liquidity farming, for staking or to reward HLD holders.

The HLD team set the maximum supply at 100 million tokens and 13 million were offered to investors. Moreover, Holdefi carried out a public fundraising campaign which was a great success. For two days, the token sale was completed within a few hours of its launch.

You can now buy HLD on Uniswap and PancakeSwap.

Holdefi offers competitive interest rates

To determine the interest rates for loans, Holdefi will use a mechanism by analyzing the rates of competitors. Lenders on Holdefi then get better rates than on other platforms, in theory. Thus, lenders end up receiving a proportionate share of the overall interest received by the platform from its borrowers. Demand and liquidity will be there to satisfy borrowers. At the same time, lenders will then provide liquidity to the pool and will receive rewards, in proportion to what they have invested.

Token Burn: The Holdefi income portion will be regularly “burned” to maintain the value of the HLD.

What can you do on Holdefi?

The Holdefi protocol allows different uses:

Protocol governance: the HLD token can be used to manage various uses of the platform. Governance decides on burn, revenue sharing, decisions related to liquidity mining or other elements of the protocol.

Liquidity Mining: governance can plan to distribute a given number of HLD tokens daily via the liquidity provided to the protocol.

Cold Staking: Cold Staking is particularly useful and profitable for users who want to support the network while opting for rewards.

Revenue sharing: Holdefi income will be distributed among HLD holders or allocated to referral programs or Holdefi development.

Final word: So should you buy HDL, Hodler or use Holdefi?

Holdefi is a newcomer to the DeFi scene. Based on Ethereum, its HDL token is a native ERC-20 token.

Since the platform is recent, it offers the latest advantages of the Ethereum network. It even offers the same qualities as CeFi sites while being operational in a decentralized manner.

It is one of the rare protocols that will separate borrower security deposits and liquidity given by lenders into different pools. This is what ensures that the guarantee is not used and those who borrow can do so at any time.

Holdefi provides great flexibility to users and has a solid architecture. This may very well make it a very popular and used protocol in the crypto community. We can very well imagine that this protocol (and its token) will become ever more valuable.

And you what do you think?

You can buy HDL on Binance.

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To buy cryptocurrencies (simple way):

Public chat Binance (Complete crypto trading platform)
Public chat Bitpanda (Simple and accessible platform for beginners)

To generate interest on your cryptocurrencies:

Public chat Youhodler (Earn up to 12% interest on your cryptos every week)
Public chat BlockFI (Generate cumulative interest and receive your earnings every month)

To secure your cryptocurrencies: