HYDT Protocol

HYDT Protocol is a BNB chain-based, USD-pegged stablecoin backed by BNB collateral, using innovative soft-peg  mechanism to keep it’s peg in reliable and flexible way.

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 plus additional governance token farming reward
5. Resistance to bank run events

High Yield Dollar Protocol has 2 tokens, HYDT and HYGT.

HYDT : HYDT is protocol’s stablecoin, and it can be staked for up to 30% APY in protocol’s earn feature. HYDT is minted/redeemed automatically by the contract to keep the price close to 1 USD per HYDT.

HYGT : HYGT is protocol’s governance token, will be used for voting and token buy-back from protocol revenue in the future. Also reward for farming in Earn and Farm feature will be paid in HYGT.