A yield-bearing stablecoin
backed by T-Shares.
1 $HEX1 = $1 worth of Hex
Get liquidity without selling your $HEX
Earn yield just by holding a stablecoin
No chance of liquidation before collateral matures
Collateral exclusively backed by $HEX T-Shares
Re-Borrow against your profitable positions
No admin keys that can compromise the protocol
BONUSHex One Protocol is the first stablecoin
with an embedded incentive token!
Hex One Lifecycle
Hex staking yield comes from a 5% deposit fee when borrowing $HEX1.
Hex One Price Oracle_
To borrow HEX1, the protocol needs to know how much $HEX is worth in dollar-terms. Therefore, Hex One Protocol looks into the following PulseX pools:
Hex One Health Ratio_
Hex One's Health Ratio represents the profit/loss of the collateral's present value.In other words, the Health Ratio measures if $HEX appreciated in dollar value since the day you borrowed $HEX1.
Hex One Peg Stability_
The most critical aspect of a stablecoin is what mechanisms are in place to keep the peg.Below are the two main features that will likely hold $HEX1's peg.
Collateral can be liquidated, but only 7 days after the maturity date has elapsed, and independently of the health ratio.
Any time the price of $HEX1 goes below $1, it means whoever buys it at a discount can redeem it for $1 worth of Hex. Therefore, a de-peg is a direct discount on Hex tokens.
Hex One Liquidation Auctions_
Once the maturity period is reached depositors must end their stakes and claim their $HEX. If participants don't complete this process their positions can be liquidated by anyone who pays their debt (HEX1) and the endStake fee (ETH).
Hex One Pumpamentals_
These are the sweet pumpamentals we have built in order to increase the probability of the peg not being broken
Embedded Incentive Token distributed only to stakers*
While $HEX appreciates, borrow more $HEX1 without adding more collateral
De-pegs mean a direct discount in the underlying asset, $HEX
$HEXIT is a way to lock $HEX1 tokens from being sold
You can keep reborrowing against any position with a Health Ratio > 100%
1 $HEX1 = $1 worth of $HEX. Therefore, a de-peg means cheap HEX
*LP Providers enjoy greater Staking APRs
Hex One Ecosytem Tokens_
Stablecoin backed by T-Shares
Hex One Protocol Incentive Token
Hex One Bootstrap_
Our goal is that $HEX1 becomes the most stable and non-volatile stablecoin in the cryptocurrency space.Bootstrapping means your sacrifice goes directly into the Hex One Protocol, in its totality.
By participating the in bootstrap phase, you will get:
The sooner you join, the more $HEXIT you earn.
|Click the Bootstrap button
|Choose an amount and token to renounce
|Approve the contract and the send transaction
Bootstrapp Token Bonus_
We don't value all tokens and participants equally 😉
Therefore, we give an extra bonus to those who sacrifice early & top-tier tokens, like HEX.
Hex One Airdrop_
Last but not least, there is of course an airdrop to celebrate the successful launch of the most badass stablecoin ever built.
To be eligible to receive free $HEXIT, Hex One Protocol's Incentive Token, make sure you do one of the following:
|Own T-Shares at launch
|Participate in the Bootstrapp Sacrifice
Hex One Bootstrap participants can claim 9x more than Hex stakers
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