Hex One Protocol
  • 💵What is Hex One?
  • ⭐Basics
    • How $HEX1 works
    • How $HEX1 peg works
    • Overcollateralized vault
    • Hex One Protocol Benefits
  • 📊Tokenomics
    • Vault
    • Collateral Ratio
    • Liquidation Ratio
    • Liquidation Process
    • Impermanent Loss Protection
    • Price Feed
    • Pumpamentals
  • 📊Audits
    • Certik
    • Coverage
  • 📜Contracts [to do]
    • Tokens
    • Hex One Protocol
    • Vault
    • Farming
    • Bootstrap
    • Liquidations
  • 💾Versions
    • V1 [current]
    • V2
  • 💱Hex One Incentive Token
    • Incentive Token ($HEXIT)
    • Incentive Token Distribution
  • 💱Hex1 Debt Title (HDT) NFT
    • Hex1 Debt Title NFT
  • 💸Bootstrap
    • Bootstraping Hex One
    • Bootstrap Benefits
    • How to Bootstrap
    • Bootstrap HEXIT Distribution
  • 🤑Airdrop
    • Airdrop Benefits
    • How to Participate
    • Airdrop HEXIT Distribution
  • 🔂BORROWING
    • How to Borrow
  • 🧑‍🌾Farming
    • How to Farm
    • Yield / APRs
    • HEXIT Farming Inflation
  • 🖼️Branding
    • Hex One Branding
  • 🏫References
    • References
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On this page
  • Bootstrap Liquidity
  • Bootstrap phases
  1. Bootstrap

Bootstraping Hex One

Here you'll learn what it means to "Bootstrap Hex One" and each of the different phases.

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Last updated 10 months ago

Bootstrap Liquidity

During the Bootstrap, participants can Sacrifice tokens (HEX, DAI, WPLS, PLSX). The funds will be distributed accordingly:

  • 75% of the Bootstrap USD value is returned to the participants, in $HEX1 tokens

  • 25% of the Bootstrap USD value is added to HEX1/DAI LP

Bootstrap participants will also receive $HEXIT tokens (during Sacrifice and Airdrop).

Bootstrap phases

The bootstrap is comprised of 6 major phases:

  2. Claim $HEXIT: Once the bootstrap ends, the users have 7 days to claim $HEXIT tokens in order to receive the $HEX1 Sacrifice Share. Borrowing $HEX1 tokens is enabled.

  3. Bootstrap $HEX1 + $HEXIT tokens distribution to participants.

  4. Airdrop phase: participants in the bootstrap + hex stakers can claim an airdrop of $HEXIT tokens. Lasts for 69 days.

  5. Borrow $HEX1 is enabled once the bootstrap ends. You can borrow during the airdrop.

  6. Farming is enabled right after the bootstrap ends.

Deposit phase: during this period the only functionality available is to deposit tokens through the Hex One Protocol . Borrowing $HEX1 tokens is disabled.

Only bootstrap using our . If you send tokens directly into the contract you may not be eligible to claim your $HEX1 and $HEXIT tokens.

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