Description
HorseLink is a decentralised finance platform that enables bookmakers to borrow against their book of wagers from a pool of lender supplied capital. Lenders loan stablecoins such as USDT to vaults in return for interest they receive in HL, while bookmakers borrow from these vaults and pay interest in HL to do so. The platform aims to solve problems in the sports betting industry, which has not evolved significantly for decades, such as high fees and the need to transact in fiat. It leverages decentralised finance (DeFi) and offers a mobile dApp with a non-custodial HTML wallet, eliminating the need for third-party wallets or downloads.