Alexander Novruzov

Who Are the Founders of HAKKA?

The brainchild of Hakka is Ping Chen, who has supported Ethereum since inception and has developed a range of decentralized apps.

Before Hakka, he produced technical literature about Ethereum that was targeted at some of the ecosystem’s biggest contributors.

Meanwhile, Jack Lai acts as a technical researcher for Hakka. He also produces technical content concerning blockchain technology, and is a co-organizer at Cypherpunks Taiwan, one of the largest cryptography and blockchain technology developer communities.

Meanwhile, both Wego Chen and Ian Hsu appear as advisors and contributors to Hakka. Chen co-founded Block Tempo, a prominent Chinese media outlet on blockchain issues. He also hosts the Asia Blockchain Summit conference. Hsu founded EM3’s community, and was an active participant in the early days of 0x, Chainlink, Kyber and Zilliqa.

What Makes HAKKA Unique?

According to its official site, Hakka Finance places an emphasis on decentralized governance, because of how it transfers power to individuals.

The products Hakka offers are BlackHoleSwap (BHS) and Third Floor Mutual (3F Mutual,) while Tokenized Collateralized Debt Positions (tCDP) and Crypto Structured Funds (CSF) have also been developed.

The BlackHoleSwap is a decentralized AMM geared toward stablecoins. Lending protocols are integrated to leverage excess supply, and borrowing is utilized on the inadequate side. In comparison to other AMMs, Hakka Finance says BlackHoleSwap can provide “nearly infinite liquidity” with low price slippage, maximizing capital utilization.

Meanwhile, 3F Mutual employs a mechanism that allows people to hedge against the risk of MakerDAO collapsing.

How Many Hakka Finance (HAKKA) Coins Are There in Circulation?

There are a total of 148,215,353 coins in circulation, with 17,895,697 held by the Hakka team. The total supply will be 635,982,513.

How Is the Hakka Finance Network Secured?

Hakka Finance is based on the Ethereum blockchain, which is one of the oldest in the crypto ecosystem. Currently based on proof-of-work as of December 2020, its transition to proof-of-stake began in December 2020 with the launch of Ethereum 2.0.

Where Can You Buy Hakka Finance (HAKKA)?

HAKKA can be bought on many exchanges such as Uniswap, AEX, Balancer, Hotbit and Hoo.

What is DeFi Yield Protocol?

What makes the DYP a unique yield farming aggregator? The DYP made history in the DeFi space by becoming the first and only protocol to reward users in Ethereum.

How will this work?

The protocol employs an anti-manipulation feature that aims to limit the market impact on users’ converting rewards into ETH and other native platform tokens.

Anti-manipulation aims to maintain stability, fair access to liquidity, and provide a secure and simplified DeFi platform for users of all sizes. The core feature of the DYP is the decentralized tool dashboard. It provides advanced features, such as Decentralized Score, Unique Community Trust Vote System, DYP Locker, Yield Farm Data, and LaunchPad, allowing investors to make informed decisions that maximize yields and reduce risks.