What currency unit is Husd (what currency price is Husd)
What currency unit is husd? Fire coin wallet official release news, in order to help people better understand the currency unit of husd and what it is, we have specially introduced the synonym “hedge” to help users better understand the hedge. This pronoun refers to the issuance of hedge assets on Huobi and redemption on its digital trading platform Meanwhile, due to Hudd’s underlying technology adopting the P2SH consensus mechanism, it has the characteristics of decentralization and sustainability. In addition, HundredDAO is also a community managed project supported and operated by the Huobi Foundation, aimed at addressing the current issues of liquidity and uneven allocation of funds in the DeFi market
In this regard, Du Qian, founder of hudoo.network, said: “I am very familiar with hedge and like this design because it has the potential to bring the financial field to the public and bring more value to the world. So we also need to have these characteristics when making products.” (Medium)
What is the price of husd
According to the official news, hud is a decentralized lending agreement based on Ethereum. On this platform, users can deposit Cryptocurrency in their wallets for pledge and obtain interest income to earn income; Obtaining rewards and liquidity through cooperation with other agreements; In addition, it is also an unlicensed network that supports mortgage lending, liquidity, and synthetic assets for various assets Regarding this, Hubble stated that we do not think anyone currently knows whether Hubble will become a leading project or product in the DeFi field.
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