Hundred Finance Partnership with B.Protocol

Published on: 26.11.2021

Through this partnership, they release a incentivized pools that will provision their Backstop Automated Market Maker (B.AMM) product with capital on the Hundred Finance platform. This service allows more efficient and democratic liquidations to be carried out, all without the need to develop complex flash bot integration and engage in on-chain gas wars. Instead, users are now able to contribute funds put towards liquidations. In return, these users receive the liquidation proceeds on an ongoing basis, in addition to an initial 4-week HND reward program. This service will help maintain protocol health at the same time as value usually extracted through liquidations is directed back towards the community.

B.Protocol

B.Protocol introduces a new DeFi primitive to the cryptocurrency ecosystem — the Backstop — a liquidity pool dedicated to liquidations.

Hundred Finance

Hundred Finance is a decentralized application (dApp) that enables the lending and borrowing of cryptocurrencies. A multi-chain protocol, it integrates with Chainlink oracles to ensure market health and stability, while specializing in providing markets for long-tail assets.