Headen Finance
A MultiChain lending protocol that allows users to stake and borrow across chains without the need for bridging and/or swapping.
Demo
About
Headen Finance intends to bring you a multichain lending and borrowing protocol where you can deposit/borrow funds on a chain and can borrow across any chain Headen Finance is present in. A full rundown of the features Headen Finance gives you are - Credit-based lending: You can borrow multiple time without collaterals up to 70% of your total staked assets value aggregated across chains. - Staking of Liquidity tokens and earn interest to cover your impermanent loss - Multi-chain lending: You do not need to move your liquidity from any chain to tyour needed. You ust stake and have access to lending on any chain without withdrawing and bridging - Credit score for users and a user with >80% credit score can borrow up to 90% the total staked assets instead of 70%. - Some Popular and Verified NFTs collections can be used collateral - Mobile focused easy to use application: You do not need to use a complex UX designed application to borrow or lend :) Desktop version is also available for the degens. - Semi-fixed interest rate with fixed band of variations - Higher APYs than competitions
How it's made
It uses - DeBridge: For Liquidity Balancing of contracts on different chains: ETH (1000 USD) & MATIC(500 USD) <-> ETH(750USD) & MATIC(750USD) on request - MultiChain for withdrawing your token to any other chain - HyperLane (Abacus): Cross Chain Communication of contracts to allow other contracts on their chain to record the new user details - Moralis Event triggers Cloud Function: Cross Chain Communication between contract - ChainLink Keepers & OpenZeppelin Relayers: For automating some functions (rates and USD updates) as relayers - ChainLink USDC Data Feed - Polygon Chain: Parent Chain - Solidity for smart contract development - Eth, Arbitrum, Optimism: Child Chains - React and Rainbow kit for frontend - Nodejs for cloud function backend