Currencies
15734
Market Cap
$ 1.34T
+1.71%
24h Spot Volume
$ 32.38B
-2.6%
BTC Dominance
42.38%
+0.49%
ETH Gas
80 Gwei

H2O

[H2O]
Avalanche
H2O is a stablecoin or a leveraging tool that can be minted by staking different LP tokens

H2O Price

$ 0.9541.33

0.0000321-0.35

High / Low

High:$ 0.955

Low:$ 0.920

Contracts

Avalanche

H2O Market Cap

N/A
FDMC: $ 160,285 

24h Trade Volume

$ 2,939 
Ƀ 0.0988
H2O 3,082

Supply

Total:
H2O 168,050

All-Time-High (ATH) Price

$ 1.02 (17 May 2022)
Ƀ 0.0000354 (12 May 2022)
ETH 0.000522 (12 May 2022)
From ATH: -6.63%
To ATH: +7.1%

H2O Live Chart

H2O price Index provides the latest H2O price in US Dollars , BTC and ETH using an average from the world's leading crypto exchanges.

The H2O to USD chart is designed for users to instantly see the changes that occur on the market and predicts what will come next.

H2O to USD Converter

H2O

H2O Live Info Today

H2O's current price is $ 0.954, it has increased +1.33% over the past 24 hours.

H2O's All Time High (ATH) of $ 1.02 was reached on 17 May 2022, and is currently -6.63% down.

What is H2O

H2O is a stablecoin or a leveraging tool that can be minted by staking different LP tokens or pool tokens in a vault, which will always be over-collateralized. It is soft pegged 1:1 to the U.S. Dollar. Its stability is not mediated by any central party, nor does its solvency rely on any centralized counterparties. LP tokens or pool tokens with abundant liquidity and market values can be used as collateral to mint H2O. This means that all circulating H2O is generated from vaults in Defrost smart contracts. H2O is used in the same manner as any other cryptocurrency: It can be freely sent to others, used as payments for other assets and services, be held as a hedge against market volatility, and more.

H2O is over-collateralized by LP tokens. Different LP tokens have different requirements of collateral ratios. The types of collaterals like LP tokens will be chosen before launch and additional collateral types will be decided by governance by the community. The additional LP tokens should come from proven safe protocols that have a relatively stable value, for instance, pool tokens in Dexes, lending protocols and other interest-bearing tokens. LP tokens cross-chained to the Avalanche are functionally accepted. It benefits to increase the liquidity of the crypto space. The cross-chain function is powered by Wanchain's cross-chain technology which ensures decentralized and trusted cross-chain functions.

How to mint H2O?

A user creates a Vault via the Defrost Finance portal, by funding it with a specific type and amount of collateral that will be used to generate H2O. Once funded, a Vault is considered collateralized. The user initiates a transaction in order to generate a specific amount of H2O in exchange for keeping his/her collateral locked in the Vault.

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