# Basics

- [How $HEX1 works](/hex-one-protocol/basics/how-usdhex1-works.md): Borrow $HEX1 by depositing T-SHAREs as collateral.
- [How $HEX1 peg works](/hex-one-protocol/basics/how-usdhex1-peg-works.md): $HEX1 peg is maintain by the collateral deposited at the vault.
- [Overcollateralized vault](/hex-one-protocol/basics/overcollateralized-vault.md): Hex One is the first native yield-bearing stablecoin, backed by T-SHARES. This means the number of HEX in the collateral vault, keep increasing.
- [Hex One Protocol Benefits](/hex-one-protocol/basics/hex-one-protocol-benefits.md): Why borrow $HEX1?