HYDT-HYDTDetailed Description

HYDT-HYDT Detailed Description

The name HYDT stands for High-Yield USD Stable Token, and creating a high-yield stablecoin pegged to the U.S. dollar is what the protocol is trying to achieve. Even without governance token mining, the protocol maintains 16-30% APY by simply depositing HYDT stablecoins into the protocol’s earn function. While the protocol offers high deposit yields, it also features a unique and innovative peg mechanism that keeps the HYDT price close to $1, backed by the protocol’s BNB reserve balance.