This summary of the video was created by an AI. It might contain some inaccuracies.
00:00:00 – 00:15:25
The video discusses the Hedron protocol, which involves minting Hedron tokens for stakers, instanced stakes, and tokenized hex stake features. Users can mint tokens based on B shares and days served in a stake, borrow Hedron, and repay through monthly payments. Payments are multiplied by B shares, with interest based on Hexa's global APY. There is a 90-day payment window before an auction process, where unpaid Hedron can be bid on. The video also mentions the Icosa application built on top of Hadron, offering staking opportunities. Overall, the video emphasizes the decentralized and secure nature of Hedron, providing users with various ways to earn passive income and optimize their crypto investments.
00:00:00
In this segment of the video, the speaker shares an analogy about plain burgers representing hex stakes and wrapped burgers from McDonald’s representing hadron. Hadron is a collection of smart contracts on the Ethereum blockchain, soon to be on the Pulse chain as well. It allows for the minting of hedron tokens with no cost for active hex stakers. The application rewards those who stake their hex and offers features like taking out loans and moving hex stakes. Hedron is decentralized with no admin keys, making it secure. Minting hedron is free, but stakers only need to pay gas fees for transactions. There are different ways to create hex stakes, with one method being native stakes signed in the hex DApp.
00:03:00
In this segment of the video, the key points discussed are about minting Hedron tokens for Staker app users, instanced Stakes wrapped by the HSI smart contract, how the number of Hedron tokens you can mint depends on B shares and days served in a stake, the process of minting tokens before ending a stake, and the option of instanced Stakes for using other features in the Hedron DAP. The HSI manager deploys and manages these instanced Stakes through a smart contract named the hsim smart contract, offering control to the user over the HSI contract and the option to tokenize it into an NFT token.
00:06:00
In this segment of the video, it explains the tokenized hex stake feature, where users can transfer their NFT to another wallet or sell it on an NFT marketplace without being penalized for emergency unstaking. Recipients of the NFT cannot mint or borrow Hedron but can only end their stake through good accounting. Users can also borrow Hedron in advance by multiplying the Hex B shares by total days staked. The borrowed amount must be repaid in monthly Hedron payments to unlock additional features. Repayment calculations are complex but managed by the Hedron DApp, ensuring users understand the rules to avoid issues.
00:09:00
In this segment of the video, it is explained that payments in the protocol are multiplied by the number of B shares to determine monthly payment amounts. Interest is charged on these payments based on Hexa’s global APY. The effective premium percentage is calculated based on APY and the number of days in a year for shorter-term payments. Borrowers can choose to make payments in advance and even pay off the entire debt at once, known as a payoff. When choosing a one-time payoff, borrowers only pay a premium on the days that have already passed. Payments made in Hedron are burned by the contract, ensuring direct benefits for borrowers. Late or non-payments do not incur penalties, but there is a deadline for repayment.
00:12:00
In this segment of the video, it is explained that in the Hedron protocol, users have 90 days to make a payment before an auction process can occur where others can bid on the unpaid Hedron. The auction process lasts 24 hours with extensions, and the earnings from these auctions are burned, decreasing inflation caused by minting. The minting feature initially makes Hedron inflationary, but as the price of Hex rises, it becomes disinflationary, potentially even deflationary due to burning. Users can benefit from extra passive income via the Hedron DApp, avoid emergency unstaking with longer stakes, and even borrow Hedron for increased yield. Users are advised to consider their needs and consult with accountants before using these advanced Hedron features.
00:15:00
In this segment of the video, the main point is that the founder of Hedron created a second application called Icosa on top of Hadron. Icosa allows users to stake their Hadron tokens among other features. The video also encourages viewers to subscribe, ask questions, and thanks them for watching.