HNTS

HNTS is a fully-collateralized, cryptocurrency-backed stable token for use across Cosmos DeFi. It's designed to maintain parity with the US dollar (USD) for broad accessibility. Initially, you can mint HNTS 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! HNTS is deployed on Agoric and will act as the native fee token once enabled. Additionally, holders of the Agoric Hecta token (‘the HNTSer 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.