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Hedge Labs
Hedge is a protocol that enables the minting of USH, a stablecoin soft-pegged to the US dollar, offering 0% interest liquidity on Solana. USH is minted on flexible terms, giving users instant access to the USH ecosystem and allowing them to access their SOL's value without losing future upside.
Distributed
Description
Hedge is a protocol that enables the minting of USH, a stablecoin soft-pegged to the US dollar, providing 0% interest liquidity on the Solana blockchain. It allows users to take out 0% interest loans for a one-time fee by depositing collateral, such as SOL, into a secure, decentralized vault to mint USH. This enables users to access the value of their assets without selling, for uses like daily purchases or gaining up to 6x leveraged exposure to crypto. The protocol features a low collateral ratio of 110% (enabling up to 11x leverage) and incentivizes users to maintain this ratio to avoid liquidation. Liquidations are handled efficiently through a stability pool, where users who deposit USH are rewarded with discounted collateral, ensuring the protocol's solvency. While USH is always redeemable for its underlying value, a fee is in place to protect the protocol from frequent redemptions.Grant Funding
VC Funding
None
2022
$0
$3.7M