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HFARM

Rank #8576
Hoodfarm logo

Hoodfarm

0.00002129049
+0.00000195153
+10.09%
Sep 21, 08:30 UTC

About

Hoodfarm is a leveraged farming and lending protocol deployed on Robinhood Chain, an Ethereum Layer 2 built on the Arbitrum stack. The protocol lets users open Uniswap V3 and V4 concentrated liquidity positions larger than their own deposit by borrowing from a shared lending pool; the maximum leverage is set per vault and checked by the contracts when a position is opened. Lenders deposit tokens into the pool, receive eTokens representing their share, and earn interest paid by borrowers. Each farming position has its own price range, token balances and debt, and the smart contracts continuously check that the position holds enough value to cover its debt, liquidating it if not. HFARM is the protocol's token; 80% of protocol revenue is used to buy back and burn HFARM.

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