💵What is Hex One?

A yield-bearing stablecoin backed by HEX T-shares. 1 $HEX1 = $1 worth of HEX.

TLDR: Hex One protocol was built to provide a system of stability to the HEX ecosystem. $HEX1 is a stablecoin backed by T-SHARES and is collateralized above 100%. $HEX1 is the first stablecoin with embedded yield, provided by Hex T-SHARES. It's also a completely finished product, with no admin keys, following the great example set by the god genius 🧠 Richard Heart 👑

1 $HEX1 = $1 worth of Hex

Let's dive into a quick overview of the protocol.

Benefits

• Get liquidity without selling your $HEX

• Earn yield just by holding a stablecoin

• Automatic collateral protection: tshares generate more HEX while in the collateral vault, thus buffing the peg with an additional layer of protection

Features

• Collateral = T-Shares

• Re-Borrow against your open positions

• Embedded bootstrap for liquidity boost.

• No admin keys that can compromise the protocol

Borrow Diagram

Check how you can mint $HEX1 in a few fast steps.

TLDR: Create a stake through Hex One protocol which goes into the Hex One vault. In turn, the vault mints $HEX1 in the same dollar value as the deposit. Participants can use $HEX1 to provide liquidity and farm $HEXIT, Hex One's Protocol Incentive Token, and HEX which is generated through a 1% borrow fee.

Quick Access: Jump right in

Check which topic you want to learn bout and let's dive deep!

How $HEX1 works

How $HEX1 peg works

Overcollateralized vault

Hex One Protocol Benefits

TLDR: $HEX1 represents a future HEX payment (a T-SHARE). Therefore, the stablecoin has embedded yield. The peg is protected by the collateral, the T-SHARES, that cannot be retrieved before maturity.

Fundamentals: Dive a little deeper

Let's discuss how the vault, collateral and pupamentals all work perfectly together to create the most perfect stablecoin built to date.

Vault

Liquidation Process

Impermanent Loss Protection

Pumpamentals

TLDR: The vault deposits (collateral) are protected against Impermanent Loss (IL), because stakes cannot be emergency stopped due to contract ownership. Therefore only after maturity - 15 years, or 5,555 days - can $HEX1 be burned back for HEX. Adding to that, strong pupamentals like buy-back and burn, farming, liquidity bootstrapping, and an airdrop are implemented to make the $HEX1 peg protected and stabilized