Hydration launches decentralized lending platform on Polkadot
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2024-11-29 22:32:01 7,102
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Golden Finance reported that Hydration announced the launch of the decentralized lending platform Hydration Money Market. The new platform allows users to provide cryptocurrency as collateral, earn interest on deposits, and borrow against various crypto assets. The platform is built on the Polkadot blockchain and emphasizes efficiency and innovation in the decentralized finance (DeFi) ecosystem. Hydration introduces on-chain liquidation priority, a mechanism designed to minimize losses and prevent exploitation during liquidation events.