Set up MetaMask for Hdefi
You need to add the Huobi ECO chain to your MetaMask wallet before operating Hdefi.
1. In the MetaMask wallet, click the menu (the system defaults to the Ethereum network), scroll down and select “Custom RPC”.
2. After clicking “Custom PRC”, you will see a form for adding a network, and you need to fill in some parameters to connect to the Huobi ECO Chain.
3. You need to fill in the following parameters:
Network name: Huobi ECO Chain
New RPC URL: https://http-mainnet.hecochain.com
Chain ID: 128
Symbol: HT
Blockchain explorer: https://scan.hecochain.com/
4. Now select the menu to switch from Ethereum Netwrok to Huobi ECO Chain, and then the default currency of the wallet will change from ETH to HT.
Get Started with Hdefi!
As Huobi ECO Chain uses HT as Gas fee, you need a proper amount of HT in your wallet address to perform the following operations.
Enter the Hdefi platform: https://hdefi.finance and connect to MetaMask.
The platform is divided into three main modules: DEX, lending and governance.
DEX
Swap: Swap one asset in the wallet address for another asset, such as exchange HT for HUSD.
Select trading pairs in the fund pool to provide liquidity: use two assets of the same value to provide liquidity for the trading pair, in addition to obtaining the transaction fee of the corresponding trading pair, you can also get Hdefi’s governance token HDT. For example, to provide liquidity for the trading pair HT and HUSD.
Lending
Borrow HT or HUSD based on LP token:
If you have provided liquidity for a certain trading pair, you can see the related information of the trading pair under the lending page. You can borrow based on the trading pair. Click “borrowing” in the upper right corner to enter the lending operation details page.
First, click “Authorize” at STEP1 and “stake” the LP token;
Then click Borrow at STEP2, and a dialog box for entering the amount of borrowing will pop up. Users can borrow the available amount according to their needs and click OK to complete the loan.
In addition, the system will calculate the maximum loan amount based on the maximum loan-to-deposit ratio and provide the shortcut key “All” for the maximum loan amount.
Users can also deposit assets such as HT or HUSD for lending.
Both user deposits and loans can mine Hdefi’s governance token HDT
According to the above description, it can be seen that the assets obtained from LP Token loan can provide liquidity for the trading pair again, that is, to increase the leverage for the LP Token to improve the asset utilization rate.
Governance
Jump to the governance page, you can create a creative proposal, and after it is passed, you will also get Hdefi’s governance token HDT.
Now, buckle up and hop on the HDeFi spaceship.
Get in Touch
- Homepage: https://hdefi.finance
- Swap: https://hdefi.finance/#/swap
- Telegram: https://t.me/hdefiLP
- Telegram channel: https://t.me/hdefiann
- Twitter: https://twitter.com/Hdefi_
