Hero of Sparta, with user experience as the core, is created based on the underlying public chain of Binance Smart Chain, making full use of the advantages of BSC compared to Ethereum's block time and gas limits for fast and low-cost transactions, and access to a deep network of wrapped tokens and liquidity.It aims to Create a digital currency financial DeFi protocol system with NFT as the core through algorithm driving, and strive to become the next-generation financial NFT open infrastructure.
It is reported that the core founding team of Hero of Sparta is composed of alumni of Stanford University and Berkeley University California and senior Blockchain experts, and is led by Danhua Capital,which adopts blockchain 2.0 technology with new intelligent algorithm and financial payment system to build a lending platform of DAO organization form of individual contribution, individual creation and individual distribution, to create a lending platform Token model of holding that is The lending with dividends, and gradually form an integrated 3.0 era blockchain service platform.
Lending is the cornerstone of DeFi. Unlike other DeFi products, Hero focuses on providing structured interest rate lending, mortgage fixed income products, refinancing, interest swaps, and financial derivatives around the credit market, maximizing capital efficiency and reducing borrowing cost.
What are the advantages of lending model of the Hero of Sparta?
Hero of Sparta achieves to maximize capital utilization and reduce capital use costs by balancing the relationship between borrowers, lenders, liquidity providers and beneficiaries .
Borrower: Deposit Tokens (derivatives, marked with loan interest rate and maturity date, etc.) secured by over-collateralized assets into the liquidity pool and obtain corresponding stablecoins.
Lender: Deposit stablecoins into the liquidity pool and obtain corresponding Tokens to provide liquidity for the protocol and gain corresponding APY.
Liquidity Providers: Deposit stablecoins and corresponding Tokens into liquidity pool that can be lent or borrowed by either party; they pay transaction fee to the liquidity provider while each time a lender or borrower conducts a transaction,.
Beneficiaries:The Liquidity Providers, Hero Holders, or Protocol Labs.
Hero NFT is created by the current Greek artist Vagaris Renas, and the works contain the noble heart of the Greek people,which means boldness, determination, courage, capacity and guardianship of freedom, and full of collectible.