HypaSwap (HYPA) And Aave (AAVE) – The Borrowing/Lending Protocols For Your Cryptocurrency Assets, Including Binance Coin (BNB)
In years before the rise of cryptocurrencies, lending and borrowing money was chiefly monitored by the web of incompetent banking. You would be required to go through an array of intermediaries and documents or face paying inconvenient interest rates. However, since the advent of cryptocurrencies, lending and borrowing have become easier, thanks to lending protocols like Aave (AAVE) and HypaSwap (HYPA).
In recent times with cryptocurrencies, you’re required to meet the conditions to enter a liquidity pool, and you’ll meet a lender/borrower to exchange your assets with ease. However, some lending protocols are inadequate, centralized, or exploiting lenders. These issues have deterred crypto users’ adoption of lending/borrowing, but HypaSwap (HYPA) is here to change the narrative.
HypaSwap is a decentralized finance platform running on the Ethereum network, providing lenders and borrowers with a decentralized non-custodial liquidity protocol to exchange assets through a liquidity pool. Like Aave (AAVE), HypaSwap is an open-source protocol with access to a broad range of crypto assets, including the Binance Coin (BNB).
However, HypaSwap (HYPA) stands out from the Aave (AAVE) protocol as it creates a comprehensive system to ensure lending/borrowing transactions without users losing capital to default loans or fraud. As a result, borrowers will overcollateralize or overpay loans, so lenders get their money and interest in every case. In addition, the lenders will get interests over locked assets as they lend their assets, including BNB, to the platform.
On HypaSwap (HYPA), users highly encourage staking for higher rewards for their investment and active participation. Like Aave (AAVE), HypaSwap (HYPA) understands the vulnerabilities of crypto projects; hence it has come up with a strategy to alleviate risks and provide a safety net for its users. As such, you can lock your BNB and other cryptocurrency assets for as long as possible without losing capital at any point
HypaSwap (HYPA) Will Stay Above The Competition, Including Aave (AAVE), As You Lend/Borrow Crypto Assets, Including, Binance Coin
Aave (AAVE) is also an open-source lending protocol for users to earn interest as lending and borrowing transactions occur. The Aave (AAVE) platform is one of the high-ranking projects in the coin market, with a market cap of over $1 billion. However, HypaSwap seeks to best the competition – Aave (AAVE) and other lending protocols through its aggressive approach to innovation.
Some of its competitors act as centralized authorities and give users just “above average” liquidity due to the token types, automated market makers, and credit lines. HypaSwap (HYPA) will cover all the shortcomings by giving its community various tokens, including the Binance Coin (BNB), to enable versatility in lending/borrowing. The platform will also be wholly decentralized and governed by users, with its developers only getting a fraction of HYPA tokens to ensure voting and governance.
HypaSwap (HYPA) seeks to give its users even higher liquid markets than Aave (AAVE). It will maintain and accumulate these liquid markets through liquidity pools and the HypaSwap safety module. Also, HypaSwap will ensure low gas fees to enable beginners and investors with small capital to borrow assets easily and ensure good returns.
The community remains a top priority for HypaSwap; hence it’s giving bonuses in the form of HYPA tokens to new members. For instance, if you sign up on HypaSwap and buy HYPA tokens within 30 minutes after purchase, you get 45% more of the tokens you buy. And if you bring a referral with you and the person spends up to $200 worth of HYPA tokens, the both of you get $50 worth of HYPA as a bonus.
Governance Power On HypaSwap
HypaSwap’s liquidity and sustainability will rely on the liquidators and liquidity providers. As a result, the lending protocol gives governance power to stakeholders and the maintainers of HYPA.
Lending/borrowing crypto assets like BNB became better with HypaSwap (HYPA). Join the presale today to be part of an ecosystem that could make you great profits in the long run.