The HEI token is the native token of the Sohei project, a decentralized lending protocol built on the Arbitrum network. The project aims to provide a capital-efficient lending market supporting a wide range of assets. It features an innovative liquidation mechanism using external liquidity and Dutch auctions, focusing on partial collateral liquidations. This allows borrowing and lending with non-traditional collateral assets, offering higher loan-to-value ratios, better collateral factors, and higher debt limits compared to competitors.
Additionally, Binance announced its support for the token swap of Litentry (LIT) to Heima (HEI), which caused the LIT price to surge by 90% in a short period. This announcement attracted significant attention from investors and traders, with many speculating on the future impact of the new HEI token.
Currently, the HEI token is trading at approximately $0.00012479 per HEI. HEI holders can participate in protocol governance by voting on key decisions and earn a share of the protocol’s revenue through staking. Additionally, stakers and holders enjoy benefits such as improved loan-to-value ratios, lower borrowing costs, and higher yields on deposits.
Please note that cryptocurrency prices are highly volatile, and it is always advisable to conduct thorough research and consult reliable sources before making any investment decisions.
