# Chumhum Finance (CHUM)

> ChumHum Protocol (“ChumHum”) is an algorithmic-basedmoney market system designed withan intent of enabling a complete decentralized finance-basedlending and credit system.ChumHum helps users make efficient use of their cryptocurrenciesby supplying collateral to thenetwork which can be borrowed by pledging over collateralizedcryptocurrencies. 

This helps increating a secure lending ecosystem where the lenderreceives a compounded interest rateannually (APY) which is paid per block, while theborrower pays interest on the cryptocurrencyborrowed. The interest rates are defined by the protocolusing a curve yield, where the rates areautomated based on the demand of the specific market,such as Bitcoin.

The main difference ofChumHum from other money market protocols lies inthe ability to use the collateral supplied tothe market to not only borrow other assets but alsoto mint synthetic stablecoins withover-collateralized positions that helps in protectingthe protocol. These synthetic stablecoinsare just backed by a basket of fiat currencies butalso by a basket of cryptocurrencies.

## Price Data

- **Current Price**: N/A
- **Market Cap**: N/A
- **Fully Diluted Valuation**: N/A
- **Circulating Supply**: N/A
- **Total Supply**: 122.50M CHUM

## Price Changes

- **24h**: N/A
- **30d**: N/A
- **90d**: N/A
- **365d**: N/A

## Chain Availability

Available on: polygon

## Resources

- [Website](https://chumhum.finance/)
- [Etherscan](https://etherscan.io/token/0x2e2dde47952b9c7defde7424d00dd2341ad927ca)
- [Coingecko](https://www.coingecko.com/en/coins/chumhum-finance)

## Links

- [View on Zerion](https://app.zerion.io/tokens/CHUM-ef253044-d469-4276-9a7f-4cd87f48e8c4)
- [Trade on Zerion](https://app.zerion.io/tokens/CHUM-ef253044-d469-4276-9a7f-4cd87f48e8c4)

## Data Source

This data is provided by the **Zerion API**. Developers can access real-time token prices, market data, charts, wallet positions, and DeFi data programmatically.

- API Documentation: https://developers.zerion.io
- Get this token's data via API: https://developers.zerion.io/api-reference/fungibles/get-fungible-asset-by-id
- Price Charts API: https://developers.zerion.io/api-reference/fungibles/get-a-chart-for-a-fungible-asset