Hera Network is the all-in-one (Hub) DeFi service of Tezos blockchain and is governed by Hera DAO holders. We provide multiple financial primitives that became a DeFi hub serving Tezos eco system.
2. Services2.1 Farming Hera allows holders to lock up their holdings, which in turn provides them with rewards. More specifically, it’s a process that lets you earn either fixed or variable interest by investing token.
First, we will support farming hrDAO by Hera Token 2 weeks after releasing token.
2.2 Lending Hera lending platforms aim to offer crypto loans in a trustless manner, i.e., without intermediaries and allow users to enlist their crypto coins on the platform for lending purposes.
We provide a P2P lending contract, allowing borrowers can directly take a loan through the platform by selecting the best deals from lenders.
For example, a lender can provide a deal for Kolibri USD with rate 15% APY (significant lower than Kolibri current rate 22.5% from https://kolibri.finance/), or with a lower liquidation rate.
2.3 Lottery Lottery betting is the activity of predicting the results of a lottery draw and placing a wager on the outcome.
With some betting firms, players are also able to bet on certain numbers being drawn, rather than following the ruleset of official lottery operators. For example, a player could bet on just one number being drawn on a specific lottery. With number betting, the betting company can set its own prize amounts and pays out prizes directly to customers.
There are 2 number betting systems on Hera:
Instant bet: A P2P contract where a player simply choose a side which is below or above 50 (0-49 or 49-99), and bet with another one who has a same amount bet size. The winner takes all rewards.
Daily bet: Players pick a number from 0-99. The lottery system announces the JackPot number of the day at 2PM UTC. The winner will get a 70x reward.