Hastra Partners With Chainlink to Bring $20 Billion in Loans Onchain
The announcement says Hastra will use Chainlink to move home equity lines of credit and auto loans onto blockchain rails for yield generation in DeFi (blockchain-based financial services).
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Summary
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Terms & Concepts
DeFi: Decentralized finance, a set of blockchain-based financial services that operate without traditional intermediaries.
Onchain: Recorded and managed on a blockchain, allowing transactions or assets to be tracked through decentralized networks.
HELOC: Home equity line of credit, a loan product that lets borrowers draw against the value of their homes.