Any token as collateral

Hoyu accepts any token as collateral. This collateral can then be used to borrow up to 90% LTV of its value in another token, such as a stablecoin. The borrower is free to use this borrowed token with no restrictions.

Lenders are safe

Users who provide tokens to be lent out never risk their principle. This means that lenders are protected from losing the asset that they have deposited. Even when borrowers default. And even when all liquidity is removed.

Integrated markets

Hoyu trading markets (DEX/AMM) share price and liquidity information with lending markets. Lending markets liquidate loans on trading markets. This allows permissionless market creation and guarantees no bad debt.

Long only

On each Hoyu's market, swaps in both directions are allowed, yet only one token is borrowable. This safeguards altcoins from shorting, upholds community cohesion, and prevents undesired behaviour.

Truly decentralized

Hoyu's smart contracts are self-contained, independent of external elements like price oracles or liquidators, whether on- or off-chain. The protocol has no governance and its contracts are immutable.