Hydrated Dollar
HOLLAR is Hydration Hydration’s decentralized, overcollateralized stablecoin, designed to target a value of approximately 1 USD. Unlike algorithmic stablecoins that rely solely on market mechanisms,HOLLAR is minted against crypto assets deposited by users into the protocol. This establishes a direct backing relationship, with each HOLLAR token representing a claim on real crypto assets held within the system.
Overview
HOLLAR is Hydration Hydration’s decentralized, overcollateralized stablecoin, designed to target a value of approximately 1 USD. Unlike algorithmic stablecoins that rely solely on market mechanisms,HOLLAR is minted against crypto assets deposited by users into the protocol. This establishes a direct backing relationship, with each HOLLAR token representing a claim on real crypto assets held within the system.
- Sector
- # Stablecoins
- Ecosystem
- Hydration
Team
Team information has not been disclosed.
Funding history
0 disclosed roundsNo disclosed funding records.
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