Introduction

Keiko Finance is a permissionless CDP protocol deploying on the Hyperliquid network where you can open a collateralised debt position and mint KEI against different assets of the Hyperliquid ecosystem.

The protocol enables users to create collateralized debt positions (CDP). Which means you can deposit certain supported assets from the Hyperliquid ecosystem as collateral and, in return, borrow a stablecoin called KEI. KEI is designed to maintain a stable value, making it useful for various financial activities.

Here's how it works in simpler terms:

1. Users deposit their supported Hyperliquid based assets into the Keiko Finance system.

2. Based on the value of these deposited assets, users can borrow KEI.

3. The borrowed KEI can be used for various purposes - trading, investing, or even day-to-day transactions.

4. Users can repay their KEI loan at any time to reclaim their deposited assets.