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.

👀 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