HUNDREDPrice

(HUNDRED)

There appear to be two distinct Web3 projects associated with the name "HUNDRED" or "Hundred Finance". The first project, Hundred Finance, is a multi-chain decentralized lending protocol. It allows users to lend and borrow various cryptocurrencies. The protocol utilizes a vote-escrow model, known as veHND, for its governance structure and integrates Chainlink oracles to maintain market stability and health. Hundred Finance is a decentralized application, or dApp, that facilitates markets for a range of crypto assets. Users who supply tokens to the protocol receive hTOKENS in return, which represent their lent assets. Interest rates within the protocol adjust dynamically based on the demand for specific assets and available liquidity. The native token of this lending protocol is HND. Hundred Finance is a successor to Percent Finance and was developed as a fork of Compound Finance. This project experienced a significant security incident on April 15, 2023, involving a flash loan attack that exploited a vulnerability and a rounding error, leading to substantial asset losses. Following this event, the stolen funds began to be moved around May 2024. After attempts to recover the funds, token holders eventually voted to discontinue the project. The HND token operates across multiple blockchain networks, including Ethereum, Optimism, Harmony, Fantom, and Arbitrum One. The second project is a memecoin also referred to as HUNDRED, often denoted as $HUNDRED. Its distinguishing feature is an "ANTI-PAPER HANDS PROTECTION" mechanism. This feature automatically prevents token holders from selling or transferring their $HUNDRED tokens for a period of 100 hours after they have bought, sent, or added liquidity. This design is intended to discourage rapid selling and could offer a layer of security by making it difficult for compromised wallets to immediately drain funds, as the assets would be locked for the specified duration. The project is part of the Avalanche ecosystem. It is noted that the contract creator retains the ability to make changes to the token contract, such as disabling sales or altering fees. Learn more

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