Bootstrap HEX1 Distribution
How much $HEX1 can you claim?
Bootstrap Sacrifice Hex1 Share
When you sacrifice to bootstrap the Hex One Protocol, you will receive 75% of the USD value you sacrificed, back in $HEX1. If the sum of your sacrifice is $1,000 this means you will get back ~750 HEX1 (minus the 5% fee).
How does Bootstrap $HEX1 distribution work?
The sacrifice contract converts all non-HEX tokens into HEX, and then sends for the escrow contract to use as collateral for Hex One Protocol (borrow $HEX1), this means there is an intermediary contract that does the operations on the user's behalf.
Bootstrap Sacrifice Hex1 Share table explained
This table shows important information about the HEX stake that was performed by the escrow contract. Let's explain each field separately.
Columns
StakeId
The stakeId that matches the collateral deposit.
Start/End/Current Date
Start, End and Current dates of staked HEX.
Collateral
Total HEX staked (principal).
Effective
Total HEX staked (principal) + yield.
Borrowed Amt
Total HEX1 tokens borrowed. This matches the USD value of the total HEX stake.
Initial/Current HEX price
The price of HEX/DAI when the stake was created and the current price of HEX. This allows the user to know the health ratio.
Health Ratio
When this ratio is > 100% any user who sacrificed can perform a "Re-Borrow".
Buttons
Re-Borrow
This allows the escrow contract to claim more $HEX1 tokens without depositing additional collateral and also distributes the $HEX1 tokens to all sacrifice participants.
Re-Deposit
This allows the escrow contract to burn $HEX1 tokens, withdraw the staked HEX principal + yield, and re-deposit into Hex One Borrow. It also distributes the newly minted $HEX1 tokens to all sacrifice participants.
Only sacrifice using our official dApp. If you send tokens directly into the contract you may not be eligible to claim your $HEX1 and $HEXIT tokens.
Once the sacrifice ends, you have 7 days to claim your HEXIT + HEX1 tokens
Last updated
