Introducing Halstein Finance ($HALF).
Blockchain technology is well-positioned to rapidly and fundamentally transform traditional financial services. One of the most promising areas in the crypto space is that of Decentralized Finance (DeFi). The Halstein Finance team sees DeFi as an opportunity to make the financial industry more transparent, responsive, and cheaper for market players. Halstein Finance taps on DeFi technology to create a friction-less loans marketplace where a perfect balance between capital and assets is maintained.
Within the Halstein Finance ecosystem, capital and assets belonging to market participants are seamlessly exchanged both off-chain and on-chain, creating a global pool of lenders. This global network of lenders will have the opportunity to weigh the risks of lending capital and based on their assessment of risk/return profile, make decisions on whom to lend their capital to. Moreover, lenders within Halstein’s network will be equipped with wide-ranging analytical tools and have access to broad sets of on-chain data that will allow them to make data-driven lending decisions.
At the same time, Halstein’s ecosystem, which is built on the Binance Smart Chain (BSC), will automate the tokenization of real-world assets as a way of digitizing the collateral that borrowers hold and can therefore use to take out loans from lenders on the network. Most importantly, the whole funding and settlement process will be fully implemented using smart contracts. In this way, Halstein’s network will emulate traditional banking services while eliminating additional costs and the need for loans to be overcollateralized, two issues that are rampant in the traditional banking system.
Halstein Finance’s goal is to accelerate the move into a DeFi system where even lending of capital is decentralized. This innovative goal will solve a real-world problem — the limited access to capital for small and medium enterprises (SMEs). Halstein’s network will widen access to capital for SMEs, a goal that the traditional financial system has failed to achieve and is unlikely to achieve due to the rigid collateral requirements and other inefficiencies that have clogged the industry for the longest time. By creating a global network of lenders, Halstein will also contribute towards dismantling the monopolization of lending by big banks which tend to favor large-scale borrowers.
The Halstein Finance Ecosystem
To operate as envisioned, Halstein Finance’s ecosystem is an amalgamation of three core subsystems:
- The Halstein protocol: This is the protocol that will govern the process of tokenizing assets, setting loan interest rates, making loan settlements, fee distribution, asset recovery, and the lender-to-borrower lending framework.
- Borrowers’ Decentralized Application: This is the dApp that borrowers will use to make on-chain loan requests and loan settlements. The dApp is designed with ease of navigation at the heart of the process. Halstein’s developers will always ensure that the user interface is intuitive and thus easy to use.
- Lenders’ Decentralized Application: Like the borrowers’ dApp, the lenders’ dApp will be built with ease of use as a key consideration. This platform will allow lenders to assess buyers’ risk profiles, evaluate loan collaterals, keep track of maturities, and access loan pools with guaranteed yields.
In Summary
Halstein Finance presents an ecosystem that:
- Decentralizes the lending business thus dismantling the monopoly of big banks.
- Facilitates the tokenization of real-world assets for use as collateral.
- Makes the loan application and borrower risk assessment processes transparent
- Facilitates cross-border lending and borrowing of capital.
- Eliminates the over-collateralization of loans, that was rampant in traditional centralized banking systems.
- Facilitates a true market-based determination of interest rates.
Dive Deeper
Visit our website. https://halstein.finance/
Learn more about Halstein finance by reading our whitepaper here.
Engage with the $HALF community on Telegram https://t.me/HalsteinFinance.
