Get liquidity without selling your $HEX
Hedron & COM bonuses included at maturity
Borrow against 100% of your collateral. Low liquidation risk
5 Price oracles embedded in contract. No admin keys!
Hex One Ecosystem
$HEX1
Stablecoin backed by T-Shares
$HEXIT
Hex One Protocol Incentive Token
$HDT
Hex One Debt Title NFT
How it works?
During the Bootstrap phase, you can bootstrap HEX, DAI, WPLS, or PLSX and receive $HEX1 in return.
You will receive 75% of the USD value of your tokens as $HEX1, and the remaining 25% will be added to the liquidity pool.
You will also become eligble to receive $HEXIT tokens. The sooner you bootstrap, the more $HEXIT you earn!
The bootstrap lasts 30 days and once it ends, you have 7 days to claim your tokens.
Is it secure?
The most critical aspect of a stablecoin is what mechanisms are in place to keep the peg.
Below are the two main features that promote $HEX1's peg to hold.
Liquidations can happen if the health ratio, or collateral ratio, goes below 250%. Liquidators will buy future HEX at a discount directly proportional to the delta between the current price - initial price.
Hex One has no admin keys, it's fully decentralized with 5 autonomous price oracles based on WPLS/DAI, HEX/WPLS, HEX/DAI, WPLS/USDC and WPLS/USDT.
The protocol also has three audits available, the Certik one, and the Coverage V1 and Coverage V2 ones.