Updates from Hashstack’s second Community connect

  1. We have received preliminary audit report from Certik. Working on the findings. We hope to receive a final audit report by the end of this month.
  2. We have worked on the process gaps, & made protocol level enhancements as a part v 0.2.1(update). Although, we planned ot release it today. We may need another working day to tie up the loose ends.
  3. We have onboarded 2 new members to the team this week.
  4. And, we are finally back in the office. It’s so so good.

How to participate in community Thursdays

  1. Register on this link: https://airtable.com/shrZcaUShckKgwUaa

About Hashstack

Hashstack provides autonomous financial products for a borderless economy.

Open protocol

DeFi lending can be 10x better, if only under-collateralised lending is implemented. Open protocol addresses this exact predicament. Open enables under-collateralised lending with 1:3 CDR. Through Hashstack’s Open protocol, a borrower can take a loan upto 3 times their collateral. Meaning, you can borrow $300 against $100 collateral. In perspective, on incumbent lending protocols such as Compound, you can borrow $70 by providing $100 security/collateral. Makes little sense.

  1. https://hashstack.finance/papers/Open-protocol-v0.2.pdf
  2. Github

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