V1 [current]
This version corresponds to the current implementation of Hex One protocol.
V1 Basics
The current version accepts only one token $HEX.
V1 Functionality
Deposit $HEX that is converted into T-Shares. Borrow against your T-Shares. Claim the stake by repaying the total borrowed $HEX1.
If the price of the collateral drops and the peg goes < $1, vs other stablecoins there is an incentive to buy $HEX1 since each token redeems $1 worth of Hex. Liquidations open the door to big discounts.
If the price of the collateral goes up, depositors may claim more $HEX1. Additionally, if the peg goes > $1, it probably means depositors need to acquire $HEX1 to redeem the underlying collateral (endStake).
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