V1 [current]
This version corresponds to the current implementation of Hex One protocol.
Last updated
This version corresponds to the current implementation of Hex One protocol.
Last updated
The current version accepts only one token $HEX.
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).
