HAIHAI Price

HAI is a over-collateralized stablecoin on the Optimism Layer 2 blockchain. In mint model HAI by depositing various yield-bearing assets (such as LSTs like wstETH, VELO derivatives, or others) into vaults (CDPs—Collateralized Debt Positions).

Unlike dollar-pegged stablecoins, HAI uses a floating/soft peg managed by a PID (Proportional-Integral-Derivative) controller that adjusts redemption rates and incentives to maintain stability without relying on external oracles for a fixed $1 peg or centralized backing.

Users create vaults to borrow/mint HAI against collateral (over-collateralized for safety), repay debt, or liquidate undercollateralized positions via the stability pool (where depositors earn liquidation yields).