Hades protocol is a lightweight decentralized stablecoin protocol based on the two-way lending market, with automatic interest rate targets and liquidity mining incentives. It allows users to generate DOL, a decentralized stablecoin soft-pegged to the US dollar. DOL is not issued or managed by any central participant, intermediary or counterparty.
HDS is the governance token in the Hades protocol. Its main duty is to serve as a certificate for community members to change protocol details or make major decisions. At the same time, HDS is also the incentive token of the Hades protocol. Users can obtain rewards by providing assets, loan assets, or mortgaging specified liquidity certificates.