Hashstack Finance addresses the segment of under-collateralized loans in decentralized finance. It means that the sum of the loan provided by its system is far larger then the amount of the collateral.As per the official statement shared by the team of Hashstack Finance, its seed funding round has ended successfully. A total of $1,000,000 is yielded from a clutch of highly reputable VCs and angel investors.
Hashstack Finance founder Vinay stressed the crucial importance of this round for the project's progress and massive adoption of its services: For instance, using only $100 as a collateral, Hashstack client can get $300 as a loan. In this case, traders can withdraw $70 , while utilizing $230 as in-platform trading capital.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more: