Maks Vukovic@MaksVuk
Since I'm fully locked in on crypto, I've decided to run a new experiment
Presenting you my very own THAT'S HOT crypto edition serial, where I'll be writing about apps, platforms and movements in all the corners of crypto, bringing novel tech concepts to the masses
Day 1: @hobba_io
Hobba is the first self-repaying loans platform on Solana. It allows you to borrow against your own assets and generate yield / purchase goods with the accrued interest
What caught my attention is that the project aims to prevent the current overcollateralization of loans within Solana's DeFi ecosystem: in layman's terms, currently loans on Solana have a large portion of your collateral sitting idle, acting as a security buffer
@hobba_io scans all of Solana's DeFi opportunities, relentlessly looking for the best borrowing APYs
This means that a larger portion of your collateral can be switched into the "active" status, being put to work and generating excess $$$.
What I love about this project is that its founder, @IgorJerkovic, has predominantly financed his lifestyle with the self-repaying loans for the last 2 years
After seeing it work on Ethereum, he is now bringing this type of DeFi product onto Solana
Do with your crypto exactly what the rich have done with their real estate as a collateral for centuries - never sell, accumulate and live of the yield
