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HYDT HYDT
HYDT
0.9429
$
0.06 %
Change 24h
Market Cap
$ 0
Volume 24h
$ 2171.8
HYDT
$
Description
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