[Hashstack Finance]( is thrilled to announce the [testnet debut]( of its Open protocol, the first-ever DeFi lending protocol to offer non-custodial, secure under-collateralized loans. The milestone marks a significant accomplishment in Hashstack’s roadmap as it prepares to launch the Open protocol mainnent in the coming weeks.
Open protocol is the only autonomous lending solution in DeFi that enables under-collateralized loans up to 1:3 collateral-to-loan ratio. It means you can borrow up to $300 by providing only $100 as collateral. Of this, you can withdraw $70 (i.e. up to 70% collateral), while utilizing $230 as in-platform trading capital.