Hedron Crypto:

Introduction

Hedron, a hyper-advanced protocol built on top of the HEX T-share (HDRN) resides on the Ethereum blockchain and is soon to exist on the much anticipated Pulsechain network with enough liquidity to make the protocol more than viable. Hedron is composed of three main features: minting, borrowing, and tokenizing your HEX stakes:

How minting works with Hedron

Hedron allows stakers to mint and borrow HDRN tokens against their active HEX holdings. The amount of Hedron a HEX staker can mint is the amount of hex stake b shares multiplied by the days served less the days already minted. Shares are what generates yield for HEX stakers, they are HEX printers in short.

For example, let’s say you have a 100B hex stake that has served 500 out of 5,555 days and you are minting for the first time. When you execute the mint for the first time, the equation will look like this:

50,000 HDRN = (100 B shares) * ((500 days served) — (Days Minted))

If you end-stake your hex stake, you will forfeit any un-minted HDRN. Hedron will become more difficult to mint as time goes by because the T-share is coded to go up in value, which means every day that goes by, T-shares will be more expensive, which leads to less mintable HDRN.

Tokenized Hex Stakes

Hedron is capable of encapsulating a HEX stake inside an instance of itself (also known as an HSI). The HSI contract interfaces directly with HEX to facilitate the beginning of a HEX stake, the ending of a HEX stake, and the exposure of the HEX good accounting feature which is when a user ends their stake but does not mint the yielded HEX.

The user has the option to tokenize an HSI into an ERC-721 (NFT), which can be transferred to another wallet via direct transfer or by selling it on an NFT marketplace like OpenSea. The receiver of the HSI NFT can detokenize it, giving them full control of the HSI contract and, subsequently, the hex staked within it. In turn, this adds a tremendous level of value to HEX, mainly because it allows holders to trade their HEX stakes in case they need quick access to their current stake in HEX .

It also incentivizes people to commit to their investment in HEX for a longer period because they know it possible to “get out” more easily than if the tokenized HSI was not available.

*It’s important to note that they may have to settle for selling it for less than it would cost someone to start their own HEX stake, but at least the user does not have to call an emergency end stake, sacrificing some of their HEX principal. This removes HEX from the open market as more of it is bought up and staked.*

Taking an advance on mintable Hedron

Borrowing in Hedron is similar to minting, but instead of requiring the user to have served days within the HEX stake to be granted HDRN tokens, borrowing allows the user to mint the entire amount of HDRN that they would usually have to wait until the end of the HEX stake to mint. There are three limitations placed on the hex stake when the borrowing action is performed. If there are unpaid installments on the borrowed HEX stake, the stake cannot be ended, tokenized, or minted against. The math for borrowing is as follows:

Amount of HDRN borrowed = (HEX stake B-Shares) * ((Total days staked) — Days Already Minted))

There is a premium charged for borrowing: a percentage of the total borrowed amount of HDRN. The amount is calculated by a quotation based on half of the HEX global APY and is fixed for the entirety of the advance.

Only staked instances (or HSIs) have access to this feature.

Payments On Advanced Hedron

Payments are divided into 30 day installments where the premium is always paid on repayment. The payment frequency can be as often as the user likes and there are no late payment penalties.

However, if the user does not pay the installment back within 90 days, the HEX stake becomes available to other users at the liquidation market, where users bid for the available HEX stake. Naturally, something one might want to avoid.

Conclusion

Hedron has added tremendous value to the HEX T-share and the entire ecosystem in general.

With the addition of Icosa and Maximus, we are only scratching the surface of this technology’s great potential. It will be interesting to see how this Tech evolves as more people begin to understand the sublime functionality and huge value this protocol brings to the rapidly evolving world of DeFi.