HiP Lending is a high interest, low-risk lending platform where all loans are documented on the blockchain, offering transparency for global investors (currently hosted at app.hiplending.com).
Hard assets back all loans, initially gold, which is stored in vaults. Fiat deposits fund the loans.
A mobile-banking-style interface allows lenders to choose loans to fund and borrowers to receive and pay back their loans. We go to market in Thailand, where we have unique access to licenses and existing gold lending businesses.
HIP Token (HiP)
Hold HIP, boost your interest.
The HIP token is a utility token that is tied to the collateralized loan volume on the HiP Platform via a simple mechanism: additional interest. When lending, the user may choose to lock up a certain amount of HIP tokens for a period of time. During that time the lender is eligible to receive a higher interest rate, in proportion to the amount of tokens that they locked up. This proportion is chosen so that the lender is not exposed to the downside of token volatility. If the lender locks up HIP tokens and provides a proportional amount of liquidity, they will get extra interest to offset their downside exposure.
HIP Token is an ERC-20 token that allows lenders to boost their interest rate by locking up a proportional amount of HIP tokens.
White Paper / Documentation