Hock Finance

PONS ecosystem lending on Robinhood Chain. Borrow against your PONS tokens. Supply USDG for variable interest. Built on Morpho.

[Hock Finance @usehockfi]

https://t.co/gkvB72JFHQ

[Hock Finance @usehockfi]

We will also release our first security audit on current contracts tomorrow.

[Hock Finance @usehockfi]

A lower threshold leaves more collateral relative to debt. It cannot guarantee that collateral will sell at the oracle price.

Liquidity, slippage and liquidation timing still matter. Suppliers can lose funds if a position leaves unpaid debt.

[Hock Finance @usehockfi]

38.5% is the liquidation boundary, not a recommended borrowing target.

With collateral valued at 1,000 USDG, 385 USDG of debt puts a position at that boundary. A price decline or accrued interest can then make it liquidatable.

We use our own custom oracles that can be verified using source codes.

[Hock Finance @usehockfi]

Why does HockFi use a 38.5% liquidation threshold?

PONS tokens can move sharply, and selling collateral can move the price further. We chose a low threshold to leave more collateral backing each dollar of debt.

[Hock Finance @usehockfi]

Why does HockFi use a 38.5% liquidation threshold?

PONS tokens can move sharply, and selling collateral can move the price further. We chose a low threshold to leave more collateral backing each dollar of debt.

[Hock Finance @usehockfi]

HMM oracle — verified source:
0x9810f81A1F359BdC82d365Ab7a7aF2b1C8b10625
https://t.co/u9i2z7BDU8

HMM liquidation helper — verified source:
0x62e87B106713D70797f82112709520357596f59b
https://t.co/VEBji816qO

Liquidations swap seized HMM into WETH, then USDG, through the V3 pools. The HMM market has a 38.5% liquidation LTV and its own USDG liquidity.

[Hock Finance @usehockfi]

Thinking Cat (HMM) is now listed as collateral on HockFi.

Supply USDG to the HMM market, or borrow against your HMM as lending liquidity becomes available.

[Hock Finance @usehockfi]

Thinking Cat (HMM) is now listed as collateral on HockFi.

Supply USDG to the HMM market, or borrow against your HMM as lending liquidity becomes available.

[Hock Finance @usehockfi]

We’re adding Thinking Cat as collateral on HockFinance within the next 30 minutes.

[Hock Finance @usehockfi]

Borrowing requires sufficient collateral, available USDG liquidity and a valid oracle price. Interest accrues to USDG suppliers. Positions above the liquidation threshold can be liquidated.

[Hock Finance @usehockfi]

Collateral listing is curated. Each market pairs one approved PONS token with USDG and maintains separate liquidity, debt and collateral accounting.

[Hock Finance @usehockfi]

Supply and borrow access on HockFi is permissionless. Users interact with the markets through their wallets without account registration or approval from the team.

[Hock Finance @usehockfi]

We’ll add at least one new PONS token as collateral each day - subject to liquidity and risk checks -

[Hock Finance @usehockfi]

Market registry:
0xF58Fe4691249c0ff1ED1D8a970919eD66c082DBE
Liquidation helper:
0x8e4ad4c0E3802578c2a80e57D66d0066bC78F552
Source code and oracle addresses:
https://t.co/eVzblfKllu

[Hock Finance @usehockfi]

Price updates are back across all five markets.

HockFi’s protocol contracts are open source and verified on Sourcify.
Registry, liquidation helper and all five oracle addresses:
https://t.co/eVzblfKllu

[Hock Finance @usehockfi]

We’re fixing an issue causing “Price unavailable” on some markets for some users.

Our deployed contracts source code is public and verified on Sourcify. Registry, liquidator and all five oracle addresses:
https://t.co/eVzblfKllu

[Hock Finance @usehockfi]

https://t.co/hqnncat4ZA is live on Robinhood Chain.

Borrow USDG against PONS ecosystem tokens, starting with BUN, ORBIO, UBIK, SHROOM and ZZZ.

Supply USDG to earn interest from borrowers.

50% of loan fees will be distributed to $HOCK holders.

0x118530dDcd4CD5A3fd9Cdd4fE4a18E019B7d0eeB

[Hock Finance @usehockfi]

We're building HockFi so you can borrow USDG against PONS ecosystem tokens we select and list as collateral.

We're starting with a small set of tokens and will add more based on community requests as long as they meet our listing criteria.

https://t.co/Ec3fIY1Zlg