🌟A New Frontier Awaits!🌟
You've found a project where contributions are yet to be made. Your insights can lead the way!
hydt
HYDT | HYDT Crypto Research
Private Research
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
