The PayPal Financial Self-Rescue Plan HOPE is launched, featuring a dual Token and DeFi model

ChainCatcher news, PayPal Finance's self-rescue plan "HOPE" project is launched. According to the official website, the project operates by integrating the advantages of CeFi and DeFi, and the system is named LIGHT. The system includes a dual Token model: HOPE and LT. HOPE is the native Token, and staking or providing liquidity can earn the Utility Token LT.

It is reported that HOPE will be built on BabeDAO and will repurchase over time with the revenue supported by its business. Previously, ChainCatcher reported in June last year that Babel Finance suspended withdrawals and underwent debt-to-equity swaps and restructuring. (source link)