HECO Decentralized Stablecoin HaykerDAO Quick Explanation

MakerDAO is the most successful decentralized stablecoin on Ether and HaykerDAO is the most successful decentralized stablecoin on HECO.

HECO Decentralized Stablecoin HaykerDAO Quick Explanation


“MakerDAO is the most successful decentralized stablecoin on Ether, and HaykerDAO is the most successful decentralized stablecoin on HECO.”

What is HaykerDAO?

HaykerDAO is a decentralized autonomous organization and smart contract system on the Firecoin Ecosystem Chain (HECO), providing the first decentralized stable currency on HECO, HAI , and HKR is the governance token of the HaykerDAO protocol.

HaykerDAO is a platform that pledges crypto assets to generate 1:1 anchored USD HAI, a safe and secure lending protocol, and a decentralized stablecoin tool that everyone can use.

Stable coin HAI, benchmarked against USD, total issue amount has exceeded 60 million

HAI is the largest decentralized stable coin on the Firecoin eco-chain (HECO), developed and managed by HaykerDAO, and is the infrastructure of decentralized finance (DeFi). HAI is issued with full collateral security of the assets on the chain, and maintains a 1:1 anchor with USD, 1HAI = $1. As of 10:00 a.m. BST on May 18, 2021, the total number of HAIs issued has exceeded 60 million.

HAI reliable – closely pegged to the US dollar, with a reliable value that can be freely bought, sold and managed.

HAI is borderless – if HAI is global and borderless, with access to the Internet, then you can access HAI and use it freely.

HAI smarter – deposit with one click and enjoy interest as you go.

Governance coin HKR, total scarcity of only 1 million pieces, multiple destruction mechanisms, widely used scenarios

HKR total 1,000,000, governance tokens of HaykerDao protocol, 0 pre-mining, 0 private placement, generated by full liquidity mining. HKR is created and destroyed under different circumstances. When the system surplus exceeds a minimum threshold, HKRs are destroyed, resulting in excess HAIs being auctioned for HKRs. Conversely, when the system debt exceeds a maximum threshold, HKRs are created and auctioned to HAIs to replenish the capital of the system. Excavated HKRs are allocated in the following manner.

15%: for HaykerDao project maintenance.

10%: as early governance coins for project start-up and governance, after liquidity mining exceeds 50%, these 10% governance coins will be put into the total pool for community mining output.

75%: Liquidity mining, liquidity mining will be influenced by the market to decide whether to open mining, the first batch of early liquidity mining will be opened for a month, the output is expected to be about 10% of the HKR.

17 hours online, the total locked position value (TVL) of more than $ 200 million, APY up to 25191.8%

HaykerDAO went live at 22:30 BST on May 15, 2021. 17 hours after going live, the total locked-in value (TVL) exceeded $200 million, with an APY of 25,191.8% that day! With the value of HKR and HAI itself and the wealth effect of super high APY, HaykerDAO continues to attract market capital to enter, and is called by the community as “MakerDAO on HECO chain”, “God Mine” and “Head Mine”. “head mine”, many users lamented that the wealth train was found too late.

In addition, from the HaykerDAO official website we can see that as of May 18 at 10:00 am, HaykerDAO multiple transactions on the annualization of the mining pool are maintained at about 7000%, both robustness and return on investment in the current market are comparable to the head value project. The head mine has just opened, and HaykerDAO’s future has only really begun, so let’s look forward to HaykerDAO’s blue out of blue.

Click the link for a quick overview of HaykerDAO project details.

Official website: https://www.hkrdao.com/


Gitbook: https://hkrdao.gitbook.io/haykerdao/ch/intro

Posted by:CoinYuppie,Reprinted with attribution to:https://coinyuppie.com/heco-decentralized-stablecoin-haykerdao-quick-explanation/
Coinyuppie is an open information publishing platform, all information provided is not related to the views and positions of coinyuppie, and does not constitute any investment and financial advice. Users are expected to carefully screen and prevent risks.

Like (0)
Donate Buy me a coffee Buy me a coffee
Previous 2021-05-18 12:35
Next 2021-05-18 12:40

Related articles