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Hedge USD is a stablecoin soft-pegged to the US dollar. USH is minted on flexible terms and gives users instant access to the USH ecosystem. Hedge allows users to take out 0% interest loans for a one-time fee by depositing collateral for USH. Users are incentivized to keep their collateral-to-debt ratio above 110% to avoid liquidation. When an undercollateralized vault is liquidated, users who have deposited USH in a stability pool are returned discounted collateral as a reward. USH is always redeemable for its underlying value, but a fee ensures the protocol is impacted infrequently.
The key parts of the protocol are:
Hedge USD's current price is $ 0.996, it has dropped -0.02% over the past 24 hours.
Hedge USD's All Time High (ATH) of $ 1.00 was reached on 13 Sep 2022, and is currently -0.46% down.
Hedge USD (USH) operates on its own blockchain.