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Hedge

Hedge

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Category: CDP
TVL: $68K

Hedge Labs

Hedge is a protocol that enables the minting of USH, a stablecoin soft-pegged to the US dollar, providing 0% interest liquidity on the Solana blockchain. It allows users to take out 0% interest loans for a one-time fee by depositing collateral, such as SOL, into a secure, decentralized vault to mint USH. This enables users to access the value of their assets without selling, for uses like daily purchases or gaining up to 6x leveraged exposure to crypto. The protocol features a low collateral ratio of 110% (enabling up to 11x leverage) and incentivizes users to maintain this ratio to avoid liquidation. Liquidations are handled efficiently through a stability pool, where users who deposit USH are rewarded with discounted collateral, ensuring the protocol's solvency. While USH is always redeemable for its underlying value, a fee is in place to protect the protocol from frequent redemptions.
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Funding Rounds

Funding Round: Seed
Funding Date: 21 Apr, 2022
Raised Amount: $3.7M