> For the complete documentation index, see [llms.txt](https://learn.hex1.club/hex-one-protocol/llms.txt). Markdown versions of documentation pages are available by appending `.md` to page URLs; this page is available as [Markdown](https://learn.hex1.club/hex-one-protocol/basics.md).

# Basics

- [How $HEX1 works](https://learn.hex1.club/hex-one-protocol/basics/how-usdhex1-works.md): Borrow $HEX1 by depositing T-SHAREs as collateral.
- [How $HEX1 peg works](https://learn.hex1.club/hex-one-protocol/basics/how-usdhex1-peg-works.md): $HEX1 peg is maintain by the collateral deposited at the vault.
- [Overcollateralized vault](https://learn.hex1.club/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](https://learn.hex1.club/hex-one-protocol/basics/hex-one-protocol-benefits.md): Why borrow $HEX1?


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