If you have a locked HEX stake, you can get value from it with Hedron; you can Tokenize a locked HEX stake into an NFT.
Sell, send or gift the NFT to any wallet. That wallet can now detokenize and claim that stake into their wallet. Hedron turns the NFTs into tangible immutable code financial assets.
These new features are for the HEX Stake Instances (HSI) created through the Hedron protocol only. If you have legacy HEX stakes made through https://go.hex.com/stake/, you can only mint and claim Free HDRN tokens for being a HEX stake owner.
The Hedron protocol brings even more value and uses to your locked HEX blockchain Certificate of Deposit.
Launching with a Certik Audit in the finalization process: https://www.certik.com/projects/hedron
When you buy an NFT with ETH, it goes straight into a seller's wallet. Any promises or bonuses attached to the NFTs purchased are speculative and up to the seller to deliver, leading to the possibility of not receiving the external goods promised.
The Hex coin provides APY by staking coins that burn the token and create shares. Once the HEX stake has started, a user has promised the blockchain to lock the funds for a specific time. The longer the stake, the more shares are given, currently 20,976 HEX provides a Trillion-Shares known as T-Shares.
The T-Share price is constantly increasing. With Hedron, it's giving a chance to get an older stake for a lower price and help a seller maximize profits without paying harsh Emergency Unstake Penalties.
The Hedron protocol will grant a user to mint HDRN tokens correlated to the number of Shares in their stake and the days they have served. The protocol also allows you to borrow against your stakes at a rate of 1.5%.
Hedron (HDRN) is a collection of smart contracts that live on the Ethereum and PulseChain blockchains. Hedron builds on top of HEX to allow stakers to mint and borrow HDRN tokens against their active HEX stakes.
For example, if you have 1 T-share staked for 500 days. A T-share equals 1000 B-shares (Billion Shares), so you can mint 1000 HDRN for every day served. Meaning for every B-share, you can mint 1 HDRN per day and any day served.
HEDRON BORROW FEATURES
Borrow Hedron (HDRN)
Advances are executed directly between the Hedron smart contract and an end-user, and no entity directly benefits from these advances other than the end-user.
Hedron sets the advance premium rate to one-half of the HEX APY on the Hedron day of advance initialization, and this rate is fixed throughout the life of the advance.
Hedron expects payments to be made at least every thirty days starting from the Hedron day of advance initialization. Payments are made one at a time and can be made in advance. Payments will always charge premiums, and the contract burns the payment, reducing HDRN supply.
Using the payoff function, an end-user can pay off their entire advance at any point, only paying premiums up to the current Hedron day. The contract burns the payoff itself.
There are no late payment penalties. However, suppose an advance goes ninety or more days without paying. In that case, any other end-user will have the option to pay off your advance balance and liquidate (take ownership) of your HEX stake collateral.