What is Channels?

Channels.Finance
3 min readJul 26, 2021

Channels.finance is the NO.1 LP mortgage lending platform & NO. 5 lending platform in the world without any safety incidents and will cross-chain on BSC, Polygon,ETH, and SOL.

1. Channels Introduction

Channels (channels.finance) is the largest decentralized lending platform on HECO (Huobi ECO chain) and the largest and safest DeFi lending platform in the Chinese market. Below list the key milestones of Channels in 2021:

🔸January: Channels launched on HECO, and audited by Fairy Proof and KNOWSEC ;

🔸February: Released V2.0 of the independently designed and developed decentralized oracle solution;

🔸March: Launched DAO and the function to support LP mortgage lending (first on HECO);

🔸April: Token CAN be listed on Huobi Global, and other exchanges such as MXC, Hotbit, and Bitz;

🔸May: The TVL of Channels once reached US$1.4 billion, with a deposit of US$1.1 billion, and borrowing US$0.3 billion;

🔸June: The current number of addresses exceeds 111,000, and the Chinese/English community users reached over 100,000;

🔸July: NO.1 LP mortgage lending platform & NO. 5 lending platform in the world without any safety incidents, and will cross-chain on BSC&Polygon&ETH&SOL.

TVL of channels

2. Key Competitive Advantages

a. Security:

Channels has been running smoothly for 192 days without any safety incidents. Channels uses the ChainLink oracles and the risk control modes of Compound and AAVE.

b. Largest LP mortgage lending platform:

Channels is currently supporting 17 single tokens and 12 LP assets.

c. The easiest-to-use lending platform:

The platform has beautiful UI and user-friendly product interaction. It is well-known for its brilliant product experience.

d. Strong developers team and community with consensus:

Channels is famous for its development capacity with more than a dozen of world-class engineers and partners in Silicon Valley and Singapore. Its community volunteers are all over the world.

3. Route map

Channels is currently the fastest growing lending platform, this statistics shows the last 7 days of TVL:

Channels is the top 2 project of TVL on HECO, as shown in the statistics below:

The TVL of Channels is far exceeded other landing platforms on HECO

In the future, we will continue to listen to community feedback, continuously improve product experience, create more value for users, and further expand the global market. Channels goal is to become the world’s largest cross-chain lending platform (currently Channels are ranked 5th in the world).

In Q3, the operation department will gradually move forward in accordance with the following plan:

2021 Q3

🔹 Cross to other public chains, such as BSC

🔹 launch V2 with at least 3 new functions

🔹 Build more than 5 local communities

🔹 Support more LPs in the lending market

🔹 Support more tokens in the lending market

🔹 DAO in V2

4.Tutorial

(1) step by step tutorial:https://docs.channels.finance/tutorial

(2) FQA: https://docs.channels.finance/fqa

Deposit in Channels to get deposit interest and deposit mining rewards, borrow tokens to obtain borrowed mining rewards, participate in DAO governance to obtain pledge income and weekly high dividends, and participate in liquidity mining and pledge mining to obtain CAN income.

So welcome to join us :

Web:https://channels.finance

Twitter:https://twitter.com/ChannelsFinance

Telegram:https://t.me/ChannelsEN

Discord:https://discord.gg/VMNGuDzxnq

Medium:https://medium.com/@channelsfinance

Token address:0x1e6395E6B059fc97a4ddA925b6c5ebf19E05c69f

#DeFi #Channels #Lending #Yield

--

--

Channels.Finance

The NO.1 LP mortgage & NO.5 #Lending platform in the world without any safety incidents. #HECO #BSC #ETH