Hex One Protocol Benefits
Why borrow $HEX1?
TLDR: By using Hex One protocol, you don't need to sell your Hex. You can acquire liquidity without selling Hex, which helps you and other #hexicans - since you don't dump the price! Additionally, $HEX1 is the first stablecoin with embedded yield and with non-liquid collateral.
All Benefits of Hex One Protocol
Benefit | Why is good for you |
---|---|
Borrow against your Hex stakes | Get liquidity without selling Hex, the best token ever creted! |
Stablecoin with yield | Not only you don't need to sell Hex tokens, but the stablecoin you borrow, $HEX1, is generating yield in HEX! |
Borrowers protected from liquidations | An initial buffer, that only goes up in time, is given to the borrower. This means that if HEX drops 50%, the borrower still has a chance to repay his loan and close his position before liquidation. |
Re-borrow against collateral | If the dollar value of your collateral increases (if the price of HEX goes up), you can borrow additional $HEX1 tokens without depositing more Hex. |
Embedded incentive token | After borrowing $HEX1, stake it to earn an extra income, $HEXIT! |
De-pegs are welcomed by depositors | If there is a momentary de-peg scenario that means you can acquire $HEX, the underlying collateral of $HEX1 tokens, at a discount! |
Claim $HDRN and $COM | When you payoff your loan and mint the underlying HEX, you also claim Hedron and Com tokens |
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