FAQ
Last updated
Last updated
We are a decentralized money market. This essentially just means that we allow users to borrow tokens from our depositors (lenders) to be used in other platforms throughout the ecosystem.
In exchange, all they have to do is to deposit more collateral than their borrowing, and pay a interest rate to the protocol and other depositers, which works on supply and demand - the more borrowing demand vs supply, the higher the interest rate paid by borrowers and received by lenders, vice versa.
We have a Testnet Guide out to help everyone.
Get ETH on Ethereum Holesky Testnet Faucet.
Bridge Testnet ETH to Taiko Testnet.
Mint Taiko Testnet Tokens via Hana Faucet.
Supply / Borrow tokens on Taiko Testnet
It's as simple as depositing your assets on our platform. You can find more step by step information here:
Interest paid by borrowers are continually accrued into your lending position automatically, thus you'll see the amount of your deposits gradually increasing over time.
Our interest rates are dynamically defined as per an interest rate model - which will be reflected on Taiko's platform. As a lender, your deposits receive a portion of this as defined by our supply rate model.
Borrowing is also a simple process that involes collateral deposit (like lenders) and then the action of borrowing. You can find more step by step information here:
Our interest rates are dynamically defined as per an interest rate model - which will be reflected on Taiko's platform.
This is done to ensure that utilisation rates on our platform keep a good balance between borrowing demand and available liquidity.
Your interest payments are gradually deducted from your deposited collateral automaitcally, thus you'll see the amount of your collateral gradually decreasing over time.
As a borrower, it is important to keep note of your health factor to prevent liquidations!
First, by understanding health factor, we know there are 2 parts:
The value borrowed.
The value supplied as collateral.
In order to increase your health factor, you can either:
You don't have to do anything. Liquidations are an automatic process to ensure that Hana remains healthy for all other participants.
What can be done is for you to maintain vigilance with your health factor to prevent more liquidations, either by depositing more collateral or repaying your loans.