Hakka Finance is a set of decentralized finance (DeFi) applications, which form an all-inclusive ecosystem of tools that allow users to pursue financial sovereignty. The current product offering consists of a stablecoin automated market maker (AMM) DEX, a solution for impermanent loss, a gamified insurance product, and a price prediction platform. All of this is administered and governed by a governance token, named HAKKA.
These are the projects Hakka is working on
BlackHoleSwap (BHS)
A decentralized AMM (Automatic Market Making) exchange designed for stablecoins. By integrating lending protocols to leverage the excess supply while borrowing on the inadequate side, BlackHoleSwap can therefore process transactions far exceeding its existing liquidity. Compared to other AMMs, BlackHoleSwap provides nearly infinite liquidity with the lowest price slippage, maximizing capital utilization.
Third Floor Mutual (3F Mutual)
Gamified insurance for MKR and DAI. 3F Mutual employs a rainy day fund like mechanism that allows for one to hedge against MakerDAO collapse risk. It exists as neither an option nor a short position of ETH/DAI/MKR. The 3F Mutual rainy day fund-like design means it acts more like collective insurance.
Hakka Intelligence
A Prediction Market Born for the HAKKA Community. Hakka Intelligence is a price prediction platform. The initiator will provide a combination of assets with the same initial position values. Participants must predict the position change of each asset after a period of time to win the prize.
iGain
Impermanent Gain — Antimatter of Impermanent Loss. iGain is a decentralized financial instrument protocol that provides the options for investors to hedge/profit/speculate on certain targeting underlying assets with a synthetic, tokenized position.
iGain tokenizes the Call/Pull options of underlying assets into Long/Short tokens. Then, we adopt the AMM mechanism to create a secondary market of Long/Short tokens. Investors might hedge against a certain risk or earn a profit in a period through holding Long/Short tokens. iGain provides a fully decentralized way of options tool. With iGain, the decentralized financial ecosystem on the Ethereum blockchain would be better for all the investors to control risks.
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