HYDT Protocol
HYDT Protocol is a BNB chain-based, USD-pegged stablecoin backed by BNB collateral, using innovative soft-peg mechanism to keep it's peg in reliable and flexible way. These are the key unique features of HYDT protocol: Fully decentralized and automated mint/redeem process in case of a depegging event Fully transparent reserve held in BNB Flexible and durable soft peg mechanism Up to 30% APY fixed return on stablecoin deposit plus additional governance token farming reward Resistance to bank run events High Yield Dollar Protocol has 2 tokens, HYDT and HYGT. HYDT : HYDT is protocol's stablecoin, and it can be staked for up to 30% APY in protocol's earn feature. HYDT is minted/redeemed automatically by the contract to keep the price close to 1 USD per HYDT. HYGT : HYGT is protocol's governance token, will be used for voting and token buy-back from protocol revenue in the future. Also reward for farming in Earn and Farm feature will be paid in HYGT.
About HYDT Protocol
HYDT Protocol is a BNB chain-based, USD-pegged stablecoin backed by BNB collateral, using innovative soft-peg mechanism to keep it’s peg in reliable and flexible way.
These are the key unique features of HYDT protocol:
- Fully decentralized and automated mint/redeem process in case of a depegging event
- Fully transparent reserve held in BNB
- Flexible and durable soft peg mechanism
- Up to 30% APY fixed return on stablecoin deposit plus additional governance token farming reward
- Resistance to bank run events
High Yield Dollar Protocol has 2 tokens, HYDT and HYGT.
HYDT : HYDT is protocol’s stablecoin, and it can be staked for up to 30% APY in protocol’s earn feature. HYDT is minted/redeemed automatically by the contract to keep the price close to 1 USD per HYDT.
HYGT : HYGT is protocol’s governance token, will be used for voting and token buy-back from protocol revenue in the future. Also reward for farming in Earn and Farm feature will be paid in HYGT.
