votes
8884
votes today
1
listed on
BSC
network
What is Hecta DeFi Network ?

Hecta DeFi Network (HDN) is a groundbreaking cryptocurrency project within the Cosmos DeFi ecosystem. HDN is designed to be a fully-collateralized stable token, ensuring its stability and utility for users across the Cosmos DeFi platform. This stable token is engineered to maintain a one-to-one peg with the US dollar (USD), making it easily accessible and comprehensible for a broad range of users. To acquire HDN initially, users can utilize bridged assets such as USDT or USDC through the Parity Stability Module (PSM). This mechanism provides a straightforward way for users to mint HDN tokens while utilizing established stablecoins as collateral. However, the HDN project has exciting plans to introduce innovative minting mechanisms in the near future. Vaults and the Hecta Boost are among these upcoming features, which promise to enhance the HDN ecosystem and offer users more choices and flexibility in acquiring HDN tokens. One of the distinguishing features of HDN is its deployment on the Agoric platform, where it will serve as the native fee token once it is fully enabled. This integration with Agoric enhances the utility of HDN by allowing users to pay fees and participate in the broader Agoric ecosystem. One of the most intriguing aspects of HDN is its governance model. Holders of the Agoric Hecta token, often referred to as the 'HDNer DAO,' possess sovereign governance rights over the HDN protocol. This means that token holders have the power to shape the future of the HDN ecosystem, making important decisions that impact its development and operation. To facilitate effective governance, a recently elected Economic Committee has been established. This committee plays a pivotal role in managing risk parameters, evaluating new collateral types, monitoring the day-to-day operations of the protocol, and responding to proposals aimed at improving the overall ecosystem. This democratic approach to governance ensures that HDN remains adaptive, resilient, and responsive to the needs and preferences of its community. In conclusion, Hecta DeFi Network (HDN) is an innovative project within the Cosmos DeFi ecosystem that aims to provide a stable and accessible cryptocurrency token. Through its collateralization mechanism, integration with the Agoric platform, and robust governance model, HDN strives to offer a reliable and versatile option for users seeking stability and utility in the decentralized finance space. As HDN continues to evolve and introduce new features, it has the potential to play a significant role in shaping the future of DeFi.

Hecta DeFi Network (HDN) Price Today :
Watchlists
Watched by 0 user
Marketcap $
9200000000
100%
USD Price $
0.0000000870567
100%
Launch Date Oct 5, 2023
(6 months ago)
Date Added Oct 5, 2023
(6 months ago)
Charts :

Click to see audit result © Powered by



Disclaimer: CoinBazooka does not endorse Hecta DeFi Network. Please Do Your Own Research (DYOR) before investing in any project.

Information incorrect? Please report it to info@coinbazooka.com

Completed audits: 0

dia Promoted Coins

# Coin Coin Audit Chain Symbol Market Cap Price Since Last Peak Launch Votes Vote
dia
Turbo
Turbo
ETH $TURBO
ETH ETH
TURBO $44,941,426 $0.00064859 26.9% May 1, 2023 15911
dia
SpongeV2
SpongeV2
SpongeV2
SpongeV2
ETH $SPONGEV2
ETH ETH
SPONGEV2 $- $- - Apr 18, 2024 11825
dia
CratD2C
CratD2C
CratD2C
Presale
CratD2C
BSC $CratD2C
Presale
1
BSC BSC
CratD2C $- $0.22 100% Aug 3, 2024 10675
dia
SMOG
SMOG
SMOG
SMOG
SOL $SMOG
SOL SOL
SMOG $- $0.130646 21% May 31, 2024 9958
dia
SatoshiDex
SatoshiDex
SatoshiDex
Presale
SatoshiDex
BSC $SATX
Presale
1
BSC BSC
SATX $- $- - Mar 24, 2024 3588
dia
Dogeverse
Dogeverse
Dogeverse
Presale
Dogeverse
ETH $DOGEVERSE
Presale
ETH ETH
DOGEVERSE $- $- - Apr 20, 2024 2191
dia
Dogecoin20
Dogecoin20
Dogecoin20
Presale
Dogecoin20
ETH $DOGE20
Presale
1
ETH ETH
DOGE20 $- $- - Jul 31, 2024 1015
dia
5th Scape
5th Scape
5th Scape
Presale
5th Scape
ETH $5SCAPE
Presale
2
ETH ETH
5SCAPE $- $- - Jun 1, 2024 855