HCT is a fully-collateralized, cryptocurrency-backed stable token for use across Binance Smart Chain DeFi. It's designed to maintain parity with the US dollar (USD) for broad accessibility. Initially, you can mint HCT with bridged USDT or USDC using the Parity Stability Module (PSM). However, new and exciting minting mechanisms like Vaults and Hecta Boost are coming soon! HCT is deployed on Agoric and will act as the native fee token once enabled. Additionally, holders of the Agoric Hecta token (‘the HCTer DAO’) have sovereign governance over the protocol. A recently elected Economic Committee will manage risk parameters, evaluate new collateral types, monitor protocol operations, and respond to process improvement proposals.
Enjoy low-spread, low-fee trades between HCT and high-quality stable tokens like USDC and USDT.
Deposit collateral like ATOM to create a Vault and borrow HCT, giving you the freedom to participate in the $10B+ interchain market while holding onto your collateral.
Enhance your staked Agoric Hecta tokens by minting HCT against future staking rewards.
The economic protections put in place to support HCT.