HRD is the Hoard protocol native token that can be vote-locked for several yield incentives along with governance rights. HRD, the native token of Hoard, serves several purposes within the protocol:

• It can be staked for industry-leading yield from $USDH's low-risk collateral strategies
• Stakers also earn time-decaying protocol emissions
• It can be vote-locked for veHRD to participate in governance decisions and earn exclusive dividends.

Hoard is an ecosystem centered around the USDH stablecoin and the utility/governance HRD token - bringing stability and real yield to DeFi, once and for all. USDH is a fully decentralized stablecoin backed 1:1 by a basket of algorithmic stablecoins (MIM, sUSD, LUSD, FEI, USDD, and more to come). USDH stakers earn the majority of yield generated from Hoard's collateral yield strategies.