<\/a><\/p>\nAnyone with NFTs and\/or stablecoins can access the marketplace. The native token of the exchange is HRD.<\/p>\n
The platform’s advanced liquidity features include access to flash loans and it also supports a host of ERC20 compliant tokens for marketplace transactions.<\/p>\n
You can stake the HRD derivative token too<\/h2>\n
Alongside income from borrowing and lending functionalities, platform users will also be able to stake HRD and claim rewards in the cryptocurrencies supported on the marketplace, proportional to the amount staked. As per usual, the longer you stake your coins for, the higher the reward. Depending on the time duration staked, rewards can withdrawn at any time, says the information on the site.<\/p>\n
HRD token holders stake the HRD derivative token (ETHHRD UNIV2) which is obtained by adding liquidity to the ETH\/HRD pool on Uniswap.<\/p>\n
How much does it cost to transact on Hoard Marketplace?<\/h2>\n
There are platform fees charged for every transaction that takes place on the marketplace and 100% of fee revenue is used to fund staking rewards.<\/p>\n
It is only the borrowers that pay fees, which kick in when a borrower accepts a loan. The fee is 0.1% of the value of a transaction in HRD and 0.2 % of a value of a transaction in all other cryptocurrencies.<\/p>\n
In a nice touch, borrowers can decrease their platform fees if they stake their HRD derivative token on the marketplace; in this way, part of a borrower’s fees will be returned to them in the form of staking rewards.<\/p>\n
More novel NFT functionalities in the pipeline<\/h2>\n
Radek Zag\u00f3rowicz, chief executive officer of Hoard, commenting on the launch, said: \u201cThe Loan feature on the Hoard Market opens new possibilities for NFT holders. This is the first step of further development of novel NFTs functionalities\/utilities which Hoard is going to introduce in the coming months.”<\/p>\n
In terms of the contracts supported on the marketplace, in addition to CryptoKitties (do you still have one?) and Decentraland (LAND and ‘names’), the platform is interoperable with Gods Unchained Cards, SuperRare and many others.<\/p>\n
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