Henez Finance

Lending/Borrowing
Bridges
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- DEXs

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Description

Henez Finance is an innovative decentralized protocol offering an Omnichain Liquidity Layer, unlocking the liquidity of idle assets across EVM and non-EVM chains. It employs Wormhole for secure cross-chain operations and Pyth Network for functionality. Users can mint zUSD, a yield-bearing stablecoin pegged to the US Dollar, by depositing diverse collateral, requiring a 110% collateral ratio.

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FAQ

What is the purpose of Henez Finance?

Henez Finance is a decentralized protocol that serves as the first Omnichain Layer, designed to unlock the liquidity of idle assets across both EVM and non-EVM chains. Its goal is to facilitate cross-chain transactions and borrowing, minimizing bridge hack risks through the use of Wormhole technology.

How does Henez Finance utilize Wormhole technology?

Henez Finance leverages Wormhole technology to enable cross-chain collateral deposits and interest-free loans. This technology allows users to deposit assets on one blockchain and draw loans on another, thereby reducing the risks associated with traditional cross-chain bridge hacks.

What are the benefits of using Henez Finance's zUSD stablecoin?

The zUSD stablecoin is pegged to the US Dollar and is yield-bearing, offering users the ability to mint stablecoins by depositing various assets as collateral. With a collateral ratio of 110%, zUSD ensures stability and security, enabling users to maintain liquidity across different chains.

How does Henez Finance compare to other DeFi lending platforms?

Henez Finance differentiates itself by pioneering an Omnichain Layer that supports both EVM and non-EVM chains, unlike traditional platforms confined to specific blockchain ecosystems. It eliminates cross-chain hack risks and employs a unique stablecoin model, setting it apart from other DeFi lending solutions.

Why is Henez Finance relevant in the current crypto industry?

As the first Omnichain Liquidity Layer, Henez Finance addresses a critical need in the crypto industry for seamless cross-chain asset mobility. By enabling secure, interest-free lending and efficient asset utilization across multiple blockchains, it marks a significant advancement in decentralized finance.

What should I do if I encounter issues with cross-chain transactions on Henez Finance?

If you experience issues with cross-chain transactions on Henez Finance, ensure that your wallet is compatible with both EVM and non-EVM chains and that you adhere to the required collateral ratio. For further assistance, consult the protocol's support resources or community channels.

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