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XTZ · 2w

Decentralisation on Hera Network

Hera Network is the all-in-one (Hub) DeFi service of Tezos blockchain and is governed by Hera DAO holders. We provide multiple financial primitives that became a DeFi hub serving Tezos eco system.

At Hera, we provide a fully decentralized service with a P2P platform. Therefore, all Hera services can last long term without foundation intervention.

To better understand the working mechanisms of P2P DEFI. Let’s explore the services that Hera provides:

P2P Lottery Lottery betting is the activity of predicting the results of a lottery draw and placing a wager on the outcome.

There are 2 number betting systems on Hera:

Instant bet: A P2P contract where a player simply choose a side which is below or above 50 (0–49 or 49–99), and bet with another one who has a same amount bet size. The winner takes all rewards. Daily Jackpot bet: Players pick a number from 0–99. The lottery system announces the JackPot number of the day at 2PM UTC. The winner will get a 70x reward.

The client can choose between the Pool side or the Player side. The Pool size is the same as the House. For example, 10 whales can create a Pool with 1,000,000 HERA tokens and share rewards from Players.

If 1000 Player bets a total of 14,000 HERA, but only one wins the Jackpot, he will get ~1000 HERA from the original 14 bets. While Pool increased the total value of 13,000 HERA. 10 whales get a reward from it. The game plays every day.

P2P Lending Hera lending platforms aim to offer crypto loans in a trustless manner, i.e., without intermediaries and allow users to enlist their crypto coins on the platform for lending purposes.

We provide a P2P lending contract, allowing borrowers can directly take a loan through the platform by selecting the best deals from lenders.

For example, a lender can provide a deal for Kolibri USD with rate 15% APY (significant lower than Kolibri current rate 22.5% from https://kolibri.finance/), or with a lower liquidation rat...

Continue on hera-network.medium.com
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