Chumhum Finance

Chumhum Finance Token Live price data
The live price of Chumhum Finance Token today is 0.000419577936374893 USD. $chum It is down -3,21 from the last trading day! We update our USD to chum every 10 minutes!

Chumhum Finance Has a Market Cap of 51,398 USD and is down -3,21% in the last 24H!

What Is Chumhum Finance (chum)?
ChumHum Protocol (“ChumHum”) is an algorithmic-basedmoney market system designed withan intent of enabling a complete decentralized finance-basedlending and credit system.ChumHum helps users make efficient use of their cryptocurrenciesby supplying collateral to thenetwork which can be borrowed by pledging over collateralizedcryptocurrencies.

This helps increating a secure lending ecosystem where the lenderreceives a compounded interest rateannually (APY) which is paid per block, while theborrower pays interest on the cryptocurrencyborrowed. The interest rates are defined by the protocolusing a curve yield, where the rates areautomated based on the demand of the specific market,such as Bitcoin.

The main difference ofChumHum from other money market protocols lies inthe ability to use the collateral supplied tothe market to not only borrow other assets but alsoto mint synthetic stablecoins withover-collateralized positions that helps in protectingthe protocol. These synthetic stablecoinsare just backed by a basket of fiat currencies butalso by a basket of cryptocurrencies.

What Is Chumhum Finance (chum) contract address??
The contract address for the Chumhum Finance is 0x2e2dde47952b9c7defde7424d00dd2341ad927ca and it can be found on polygon network.

How much Chumhum Finance is in circulation?
The circulating supply of $chum is 122500000 and it has a total supply of 122500000 tokens. The tokens are available on the POLYGON network.