Hakka Finance aggregates multiple DeFi applications for individuals seeking financial sovereignty. The platform provides a decentralized exchange, a stablecoin automated market maker (AMM), and “gamified” insurance offerings. The HAKKA token governs and operates all these functions. As stated on its Medium page, the project launched in August 2020.

Ping Chen is the creator of Hakka. He has backed Ethereum from its start and built various decentralized applications. Prior to launching Hakka, he wrote technical materials about Ethereum aimed at major figures within that ecosystem.

Jack Lai serves as a technical researcher for the project. He creates content related to blockchain technology and helps organize Cypherpunks Taiwan, which is one of the biggest communities for cryptography and blockchain developers.

Wego Chen and Ian Hsu act as advisors and contributors. Wego Chen co-established Block Tempo, a well-known Chinese media platform covering blockchain topics, and hosts the Asia Blockchain Summit. Ian Hsu started the EM3 community and took part in the early stages of 0x, Chainlink, Kyber, and Zilliqa.

Hakka Finance highlights decentralized governance as a core feature, aiming to shift control directly to users. Its product suite includes BlackHoleSwap (BHS) and Third Floor Mutual (3F Mutual), alongside developed offerings such as Tokenized Collateralized Debt Positions (tCDP) and Crypto Structured Funds (CSF).

BlackHoleSwap is a decentralized automated market maker (AMM) designed for stablecoins. It integrates lending protocols to use excess supply and borrowing to address shortages. The team states that, unlike other AMMs, this system offers “nearly infinite liquidity” with minimal price slippage, thereby optimizing capital efficiency.

Additionally, 3F Mutual provides a mechanism for users to hedge against the potential collapse of MakerDAO.

The circulating supply stands at 148,215,353 HAKKA coins, while the Hakka team holds 17,895,697. The total supply is set to reach 635,982,513.

Hakka Finance operates on the Ethereum blockchain, a long-standing network in the cryptocurrency sector. As of December 2020, the system relies on proof-of-work, though the shift to proof-of-stake commenced that same month with the introduction of Ethereum 2.0.

You can purchase HAKKA on several platforms, including Uniswap, AEX, Balancer, Hotbit, and Hoo.