$USDH

  • $USDH is a Stablecoin, which is a type of cryptocurrency that's designed to be less volatile than other cryptocurrencies because they're pegged to assets that are relatively stable. $USDH is designed to hold a stable value relative to one US Dollar.

  • $USDH is Crypto-Backed, because it uses cryptocurrencies as collateral. Users can Deposit one of the accepted Collateral Types to create (Mint) $USDH.

  • $USDH is Over-Collateralized, which means that the backing collateral always needs to have a higher value than the amount of $USDH in circulation. The purpose of the over-collateralization is to account for volatility.

  • $USDH is Decentralised. Collateral Types do not have a single point of control or wonky oracles, Collateral Vaults are Non-Custodial, anyone can mint $USDH, anyone can trigger a Liquidation, Interest Rates are adjusted onchain by the system, and Collateral Types and Gauges are added via consensus by vePEG tokenholders.

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