# Hex One Protocol

## Hex One Protocol

- [What is Hex One?](https://learn.hex1.club/hex-one-protocol/what-is-hex-one.md): A yield-bearing stablecoin backed by HEX T-shares. 1 $HEX1 = $1 worth of HEX.
- [How $HEX1 works](https://learn.hex1.club/hex-one-protocol/basics/how-usdhex1-works.md): Borrow $HEX1 by depositing T-SHAREs as collateral.
- [How $HEX1 peg works](https://learn.hex1.club/hex-one-protocol/basics/how-usdhex1-peg-works.md): $HEX1 peg is maintain by the collateral deposited at the vault.
- [Overcollateralized vault](https://learn.hex1.club/hex-one-protocol/basics/overcollateralized-vault.md): Hex One is the first native yield-bearing stablecoin, backed by T-SHARES. This means the number of HEX in the collateral vault, keep increasing.
- [Hex One Protocol Benefits](https://learn.hex1.club/hex-one-protocol/basics/hex-one-protocol-benefits.md): Why borrow $HEX1?
- [Vault](https://learn.hex1.club/hex-one-protocol/tokenomics/vault.md): A vault represents a pool of tokens locked in a contract.
- [Collateral Ratio](https://learn.hex1.club/hex-one-protocol/tokenomics/collateral-ratio.md): Hex One offers 100% collateral ratio, which means you can mint every dollar-value you put in (minus the fee). Collateral Ratio = Health Ratio
- [Liquidation Ratio](https://learn.hex1.club/hex-one-protocol/tokenomics/liquidation-ratio.md): Liquidations take place if the health ratio drops below 250%, or if no repayment is made after the stake matures.
- [Liquidation Process](https://learn.hex1.club/hex-one-protocol/tokenomics/liquidation-process.md): To avoid de-pegging and extreme price fluctuations, the Hex One protocol uses a collateral debt auction system that allows depositors to bid on stakes that can be transformed into Hex tokens.
- [Impermanent Loss Protection](https://learn.hex1.club/hex-one-protocol/tokenomics/impermanent-loss-protection.md): Impermanent Loss (IL) happens when one side of the liquidity pool is removed, leaving liquidity providers holding only one token pair, commonly the illiquid one.
- [Price Feed](https://learn.hex1.club/hex-one-protocol/tokenomics/lp.md): HEX/DAI from ETH Price Feed
- [Pumpamentals](https://learn.hex1.club/hex-one-protocol/tokenomics/pumpamentals.md): $HEX1 is a protocol to improve on HEX, to make it more scarce and more expensive.
- [Certik](https://learn.hex1.club/hex-one-protocol/audits/certik.md): Audit completed on June 2023
- [Coverage](https://learn.hex1.club/hex-one-protocol/audits/coverage.md): First Audit completed on April 2024.
- [Tokens](https://learn.hex1.club/hex-one-protocol/contracts/token.md): Hex One's Tokens: $HEX1 and $HEXIT
- [Hex One Protocol](https://learn.hex1.club/hex-one-protocol/contracts/hex-one-protocol.md): $HEX1 Borrow
- [Vault](https://learn.hex1.club/hex-one-protocol/contracts/vault.md): Hex One protocol vault
- [Farming](https://learn.hex1.club/hex-one-protocol/contracts/staking.md): $HEX1 farming contracts
- [Bootstrap](https://learn.hex1.club/hex-one-protocol/contracts/bootstrap.md): $HEX1 sacrifice and airdrop
- [Liquidations](https://learn.hex1.club/hex-one-protocol/contracts/liquidations.md): $HEX1 Escrow contract
- [V1 \[current\]](https://learn.hex1.club/hex-one-protocol/contracts-1/token.md): This version corresponds to the current implementation of Hex One protocol.
- [V2](https://learn.hex1.club/hex-one-protocol/contracts-1/vault.md): This version corresponds to a potential implementation of $HEX1 with additional features and functionality.
- [Incentive Token ($HEXIT)](https://learn.hex1.club/hex-one-protocol/hexit/hexit-supply.md): The Incentive Token works as a mechanism to further delay gratification.
- [Incentive Token Distribution](https://learn.hex1.club/hex-one-protocol/hexit/hexit-distribution.md): In this section, you can find out how $HEXIT will be distributed.
- [Hex1 Debt Title NFT](https://learn.hex1.club/hex-one-protocol/hdt/hdt.md): The Hex1 Debt Title NFT represents the initial $HEX deposit by the user. This NFT is used to borrow against.
- [Bootstraping Hex One](https://learn.hex1.club/hex-one-protocol/bootstrap/bootstraping-hex-one.md): Here you'll learn what it means to "Bootstrap Hex One" and each of the different phases.
- [Bootstrap Benefits](https://learn.hex1.club/hex-one-protocol/bootstrap/benefits.md): Why should you participate in the Hex One Protocol Bootstrap phase?
- [How to Bootstrap](https://learn.hex1.club/hex-one-protocol/bootstrap/how.md): Bootstrapping means you are actively helping the Hex One Protocol gain collateral at launch. Not only you get $HEX1 but also an extra incentive token, $HEXIT.
- [Bootstrap HEXIT Distribution](https://learn.hex1.club/hex-one-protocol/bootstrap/hexit.md): How much $HEXIT can you claim?
- [Airdrop Benefits](https://learn.hex1.club/hex-one-protocol/airdrop/benefits.md): Why should you participate in the Hex One Protocol Airdrop phase?
- [How to Participate](https://learn.hex1.club/hex-one-protocol/airdrop/how-participate.md): Provide liquidity during the first 100 days, or hold certain tokens and digital assets
- [Airdrop HEXIT Distribution](https://learn.hex1.club/hex-one-protocol/airdrop/distribution.md): In this section, you can find out how the $HEXIT airdrop will be distributed.
- [How to Borrow](https://learn.hex1.club/hex-one-protocol/borrow/distribution.md): In this section, you can learn how borrowing works.
- [How to Farm](https://learn.hex1.club/hex-one-protocol/farms/how-participate.md): Provide LP HEX1/DAI from ETH or deposit HEX1/HEXIT. Earn $HEXIT!
- [Yield / APRs](https://learn.hex1.club/hex-one-protocol/farms/yield.md): Hex One's Incentive token $HEXIT yield / APR is generated daily following the below distribution. Every day a total of 2,036,665 HEXIT tokens are created in farms + price oracle.
- [HEXIT Farming Inflation](https://learn.hex1.club/hex-one-protocol/farms/inflation.md): In this section, you can find out how $HEXIT is distributed in the Hex One Protocol Farms.
- [Hex One Branding](https://learn.hex1.club/hex-one-protocol/branding/hex-one-branding.md): Hex One branding material
- [References](https://learn.hex1.club/hex-one-protocol/references/farm.md): Please see all important websites related to our protocol