HYDT
HYDT Stablecoin is HYDT Protocol's BNB chain-based, USD-pegged stablecoin backed by BNB collateral, aiming at providing high return for HYDT holders and keeping 1:1 peg against United States dollars at the same time. These are the key unique features of HYDT protocol: 1. Fully decentralized and automated mint/redeem process in case of a depegging event 2. Fully transparent reserve held in BNB 3. Flexible and durable soft peg mechanism 4. Up to 30% APY fixed return on stablecoin deposit + additional governance token farming reward 5. Resistance to bank run events
Overview
HYDT Stablecoin is HYDT Protocol's BNB chain-based, USD-pegged stablecoin backed by BNB collateral, aiming at providing high return for HYDT holders and keeping 1:1 peg against United States dollars at the same time. These are the key unique features of HYDT protocol: 1. Fully decentralized and automated mint/redeem process in case of a depegging event 2. Fully transparent reserve held in BNB 3. Flexible and durable soft peg mechanism 4. Up to 30% APY fixed return on stablecoin deposit + additional governance token farming reward 5. Resistance to bank run events
- Sector
- # Stablecoins
- Ecosystem
- BNB Chain
Team
Team information has not been disclosed.
Funding history
0 disclosed roundsNo disclosed funding records.
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