Rank #1046
hundred finance  (HND)

Hundred Finance (HND)

$1.58 -18.4%
0.00004301 BTC -20.3%
0.00066247 ETH -18.3%
4,261 people like this
24H Range
Market Cap $12,374,082
24 Hour Trading Vol $996,213
Fully Diluted Valuation $158,091,286
Total Value Locked (TVL) $242,742,988
Fully Diluted Valuation / TVL Ratio 0.65
Market Cap / TVL Ratio 0.05
Circulating Supply 7,827,175
Total Supply 100,000,000
Max Supply 100,000,000
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Hundred Finance (HND) Price Chart

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HND Price and Market Stats

HND Price $1.58
Market Cap $12,374,082
Market Cap Dominance 0.00%
Trading Volume $996,213
Volume / Market Cap 0.0805
24h Low / 24h High $1.59 / $1.95
7d Low / 7d High $1.67 / $3.41
Market Cap Rank #1046
All-Time High $6.02 -73.6%
Jan 04, 2022 (23 days)
All-Time Low $0.000000000000 54293555985511010000000000000%
Nov 26, 2021 (2 months)

Hundred Finance Coin Price & Market Data

Hundred Finance price today is $1.58 with a 24-hour trading volume of $996,213. HND price is down -18.4% in the last 24 hours. It has a circulating supply of 7.8 Million HND coins and a total supply of 100 Million. If you are looking to buy or sell Hundred Finance, Beethoven X is currently the most active exchange.

What is Hundred Finance (HND)?

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 serving long-tail assets.

What can you do on Hundred Finance?

Users of Hundred Finance are able to lend select cryptocurrency assets and borrow against their loan-to-value ratio, earning variable interest on the supply side and accruing it on the borrow side. The act of borrowing sends the desired asset to the user’s wallet, while supplied tokens are represented there as hTOKENS, (eg. hETH, hUSDC, etc.). These hTOKENS can be redeemed at any time for the original asset plus any accrued interest.

Interest rates on Hundred Finance are calculated automatically and expressed per token as an annual percentage yield (APY). These rates adjust on a by-block basis in response to demand for a particular asset and liquidity available to supply that demand. This encourages users to stake funds when demand increases, helping to maintain ongoing market health.

Changes in the market value of assets being borrowed and lent, as well as the accrual of interest, can result in the value of supplied assets no longer sufficiently collateralizing obligations on borrowed assets. Once the collateralization of a debt position falls below a certain level, an account using Hundred Finance becomes vulnerable to liquidation. The liquidation process entails its assets (hTOKENS) being claimed (plus a liquidation penalty) by independent liquidators in return for repaying the account’s debt until its collateralization ratio has returned to a healthy level.

What is the Hundred Finance (HND) token used for?

The Hundred Finance platform has its own token, HND. Once sufficiently distributed among users, the HND token will allow protocol decisions to be made in a decentralized manner through its implementation in governance. Its distribution to users based on their provision of liquidity to the protocol also incentivizes interaction and assists in bootstrapping the Hundred Finance project.

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