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Did you watch Gavin's livestream last night? Gavin suggested converting 3 million USD in USDC and USDT into the stablecoin Hollar in batches! This is to be used for long-term incentives to be distributed to real users both within and outside the Polkadot ecosystem!
Regarding the distribution, you can first look at this proposal, and later PolkaWorld will also publish an article specifically discussing this matter. polkadot.subsquare.io/referenda/1783
But the key point of this tweet is that the HOLLAR stablecoin is seeing more usage; additionally, team members also mentioned in the PolkaWorld livestream that HOLLAR is about to complete integration with @hyperbridge, bringing HOLLAR out of the Polkadot ecosystem! This will increase more use cases, not just 'printing' more HOLLAR.
For more information, check out the video below👇
#Hollar
Regarding the distribution, you can first look at this proposal, and later PolkaWorld will also publish an article specifically discussing this matter. polkadot.subsquare.io/referenda/1783
But the key point of this tweet is that the HOLLAR stablecoin is seeing more usage; additionally, team members also mentioned in the PolkaWorld livestream that HOLLAR is about to complete integration with @hyperbridge, bringing HOLLAR out of the Polkadot ecosystem! This will increase more use cases, not just 'printing' more HOLLAR.
For more information, check out the video below👇
#Hollar
💢#HOLLAR
#hydration , a Polkadot-based DeFi protocol, has launched its native decentralized stablecoin called HOLLAR.
This over-collateralized stablecoin is backed by major tokens like DOT, ETH, and BTC, and features automated risk management through its HOLLAR Stability Module (HSM).
The HSM provides direct price support, real-time interventions, and partial liquidations to maintain peg stability.
📜Key Features of HOLLAR:
🌟Backing:
Over-collateralized with assets like $DOT , $ETH , and $BTC
🌟Stability Module:
HSM provides automated price support and risk management
🌟Liquidity Pools:
Four dedicated pools for enhanced trading and capital efficiency
🌟Borrow Rate:
5% annual borrow rate
🌟Fees:
No fees for purchasing HOLLAR, 0.01% fee for redemptions
🧭Impact on DOT:
🚀Positive Sentiment:
Potential positive sentiment for DOT due to its use as collateral.
🎯Endorsement:
#GavinWood : Polkadot founder Gavin Wood has endorsed HOLLAR, praising its #decentralized approach and use of DOT as collateral.
#hydration , a Polkadot-based DeFi protocol, has launched its native decentralized stablecoin called HOLLAR.
This over-collateralized stablecoin is backed by major tokens like DOT, ETH, and BTC, and features automated risk management through its HOLLAR Stability Module (HSM).
The HSM provides direct price support, real-time interventions, and partial liquidations to maintain peg stability.
📜Key Features of HOLLAR:
🌟Backing:
Over-collateralized with assets like $DOT , $ETH , and $BTC
🌟Stability Module:
HSM provides automated price support and risk management
🌟Liquidity Pools:
Four dedicated pools for enhanced trading and capital efficiency
🌟Borrow Rate:
5% annual borrow rate
🌟Fees:
No fees for purchasing HOLLAR, 0.01% fee for redemptions
🧭Impact on DOT:
🚀Positive Sentiment:
Potential positive sentiment for DOT due to its use as collateral.
🎯Endorsement:
#GavinWood : Polkadot founder Gavin Wood has endorsed HOLLAR, praising its #decentralized approach and use of DOT as collateral.
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💧The HOLLAR stabilization mechanism of Hydration has gained another layer of "protection"!\n\nHOLLAR's stabilization module (HSM) is currently earning passive income for the system at an annualized yield of 6.5%.\n\nThis means that HOLLAR not only relies on algorithms or collateral mechanisms to maintain price stability, but also relies on this pool to "generate interest" itself, providing additional "ammunition" during market fluctuations to help maintain a 1:1 peg.\n\nThis portion of the income is generated automatically, without relying on trading or speculation. The arbitrage mechanism (such as buying and selling when prices slightly deviate) has also long been written into the protocol, requiring no manual intervention.\n\nYou can understand the HSM as HOLLAR's "automated income-generating stable fund pool"—stable in exchange rates and generating interest 💰\n\nPassive income + built-in arbitrage in the protocol makes HOLLAR more stable and smarter🕶️\n#稳定币 #HOLLAR
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👀 Yesterday's discussion @Polkadot Network about stablecoins was quite interesting!
Everyone knows that the stablecoin HOLLAR launched by @hydration_net is now online! And the Polkadot native stablecoin PUSD mentioned by Gavin has also entered the Fellowship discussion this week!👀
This live broadcast focused on discussing these two stablecoins, HOLLAR and PUSD! Today, I will share part of HOLLAR with everyone, and we will quickly release the Chinese part of PUSD tomorrow!
HOLLAR adopts an over-collateralization mechanism, supported by whitelist assets like DOT, ETH, pBTC, and it initiates initial liquidity by pairing with stablecoin pools such as USDT, USDC, USDS, USDe. Users can already deposit assets in Hydration's lending market to generate Hollar and participate in liquidity mining with an annualized return of nearly 20%.
So:
1⃣ What supports the stability of HOLLAR?
2⃣ Why is the issuance of HOLLAR only 2 million pieces?
3⃣ Why use HOLLAR? What advantages does it have over USDT and USDC?
4⃣ Will HOLLAR be listed on centralized exchanges?
Find the answers to these questions in PolkaWorld's latest article! 《HOLLAR 的稳定性靠什么支撑？HOLLAR 会上中心化交易所吗？》 #HOLLAR #Polkadot
Everyone knows that the stablecoin HOLLAR launched by @hydration_net is now online! And the Polkadot native stablecoin PUSD mentioned by Gavin has also entered the Fellowship discussion this week!👀
This live broadcast focused on discussing these two stablecoins, HOLLAR and PUSD! Today, I will share part of HOLLAR with everyone, and we will quickly release the Chinese part of PUSD tomorrow!
HOLLAR adopts an over-collateralization mechanism, supported by whitelist assets like DOT, ETH, pBTC, and it initiates initial liquidity by pairing with stablecoin pools such as USDT, USDC, USDS, USDe. Users can already deposit assets in Hydration's lending market to generate Hollar and participate in liquidity mining with an annualized return of nearly 20%.
So:
1⃣ What supports the stability of HOLLAR?
2⃣ Why is the issuance of HOLLAR only 2 million pieces?
3⃣ Why use HOLLAR? What advantages does it have over USDT and USDC?
4⃣ Will HOLLAR be listed on centralized exchanges?
Find the answers to these questions in PolkaWorld's latest article! 《HOLLAR 的稳定性靠什么支撑？HOLLAR 会上中心化交易所吗？》 #HOLLAR #Polkadot
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