Hundred Finance Partnership with B.Protocol

Published on: 19.01.2022

The Fantom version of Hundred Finance’s B.Protocol backstop pools allows for the deposit of USDC and DAI tokens. By navigating to Hundred Finance and selecting the Fantom network, users can now observe that qualifying tokens feature the B.Protocol against the icon used to designate HND incentivized pools.

Selecting one of these two assets will then open the deposit interface featuring a Backstop tab. This tab can be used to approve the relevant token, make deposits and withdrawals, as well as observe total value locked and the APR for added liquidity. This APR is provided through HND token rewards, which are to be set at 5k HND per week split across the USDC and DAI pools, meaning 2500 HND per pool. This emission rate, owing to it being designed to achieve an adequate TVL to efficiently carry out liquidations, will be subject to adjustment.

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.