RE: The Hive Lending Platform

These three paragraphs explain everything to me about HLP:

With the Hive Lending Platform, we can set up an application whereby people put up their Hive Bond as collateral against the loan they are taking out. The system can be coded . . . . Thus, if one wants a loan for $10K, he or she puts up $10,100 in collateral.

All loans are paid out in the Hive Financial Network stablecoin, sHBD. This is a derivative of HBD, operating on the second layer.

The application sets up a payment schedule similar to any other loan. As long as the payments are made, no action is taken. Failure to make the payments result in default, and the surrender of the collateral.

I want to read more about the details of the operation of the derivative of HBD on the second layer.

Many focus on the ability to create money out of thin air which is powerful on its own. However, it moves to another level when money is transformed from one form to another. By operating at a number of different levels simultaneously, we see how not only is resiliency built in but also the ability to generate a return. Each layer is of benefit. The main difference is that, instead of the bankers being the ones to the good, it is the holders of Hive Power who ultimately come out ahead.

Monetary transformation? Do we have examples of this in traditional finance? The generation of return, that I can follow the reasoning. However, I am lost as to how monetary transformation is related to resiliency.

The last sentence is the best part, replacing bankers with HP holders!

This article is great! A lot of details to process. A big thanks!

!CTP

!LOLZ

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