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

# Bootstraping Hex One

<figure><img src="https://1724657572-files.gitbook.io/~/files/v0/b/gitbook-x-prod.appspot.com/o/spaces%2F52WGnpD0m1uV41Uj2tVY%2Fuploads%2FIi0urCvZkOTIwAKc3KkQ%2FHex1%20CD%20(1).png?alt=media&#x26;token=0d0fb9bb-1311-4a3f-9127-56b93e90bdf7" alt=""><figcaption></figcaption></figure>

## 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:

1. **Deposit phase**: during this period the only functionality available is to deposit tokens through the Hex One Protocol [Dapp](https://dapp.hex1.club). Borrowing $HEX1 tokens is disabled.
2. **Claim $HEXIT**: Once the bootstrap ends, the <mark style="color:red;">users have 7 days</mark> 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.

Only bootstrap using our [official dApp](https://hex1.club). If you send tokens directly into the contract you <mark style="color:red;">**may not**</mark> be eligible to claim your $HEX1 and $HEXIT tokens.
