The ongoing developments and mission of Hundred Finance
The first year of the protocol will be devoted primarily to four key tasks:
Of these, all are currently well underway, with the integration of mveHND (replacing legacy veHND) now complete. Additionally, research is taking place in the following areas in order to prepare for the following future integrations:
It is the ambition of Hundred Finance that these abilities and more will allow it to become the de facto borrowing and lending platform within the multi-chain ecosystem that cryptocurrency has become. Our rapid deployment approach ties into this goal, as does our emission program for the HND token. We have designed the emissions schedule to build a robust base of interested parties across chains that have had equitable access to our HND token and the benefits of our mirroed vote-escrow HND (mveHND).
The multi-chain distribution of HND to a large number of users will provide the foundation for the implementation of a first-of-its-kind multi-chain governance system through mveHND mirroring and the creation of mechanisms that allow the collateralization of assets across chains (supplying collateral on chain A facilitating borrowing on chain B). This particular innovation will have the major advantage of overcoming the lack of Chainlink availability on some chains, broadening the number of assets we are able to cover and where we offer our services. While both of these initiatives are still in the research phase, the two functionalities are planned to provide unique utilities to the Hundred Finance platform and contribute to our growth within a competitive field.