Harmony Defi Tutorial by Defi Dad

Before we get started, this is not a recommendation or endorsement to buy HND or ONE.

When you first discover DeFi, one of the core use cases you cannot escape is borrowing and lending. What’s changed dramatically over the last year is that those lending and borrowing markets have expanded beyond Ethereum to countless EVM-compatible chains like Fantom, Polygon, Avalanche, and now Harmony. We take lending and borrowing for granted in today’s DeFi markets with over $250B in deposited assets but this is the use case that made all else possible, by allowing anyone holding assets they believed in long term, to leverage them to borrow liquidity to earn yield elsewhere.

In the late summer of 2021, a new protocol launched aiming to aggregate multi-chain borrowing and lending liquidity called Hundred Finance. Hundred was created by a well known anonymous developer called vfat who became well known for quickly spinning up tools for tracking and estimating yield generated by yield farming protocols. This is a perfect example of how anonymous founders/contributors have earned more credibility than other doxxed founders who have contributed less to the DeFi community. 

Hundred Finance aims to play a central role in “delivering the freedom to earn yield and borrow assets to a growing number of users in a trustless, secure and economically efficient manner.” The TLDR is you can lend or borrow at the best available rates on Ethereum, Arbitrum, Fantom, or Harmony by using Hundred, and simultaneously earn HND governance tokens when supplying assets.

Hundred Finance users are able to select the network they wish to use from the main page, and it automatically triggers the selection of the correct