hTON Use Cases
Last updated
Was this helpful?
Last updated
Was this helpful?
hTON tokens offer versatile applications within the DeFi ecosystem, providing users with numerous opportunities to leverage their assets effectively. Here are some ways users can utilize their Hipo Staked TON tokens:
Liquidity Provision: Users can contribute liquidity to various DeFi protocols, allowing them to earn rewards and facilitate the smooth operation of decentralized financial markets.
Trading: hTON tokens can be traded on Decentralized Exchanges (DEXs), enabling users to exchange them for other cryptocurrencies or assets.
Minting Stablecoin: With hTON, users can mint Stablecoin, providing a way to create a stable asset backed by their hTON holdings. This process involves locking up hTON tokens in a smart contract, which generates Stablecoin in exchange. By minting Stablecoin, users can benefit from price stability and enhance their participation in the DeFi ecosystem.
Lending: Users can utilize their hTON tokens in lending protocols, where they can provide liquidity for borrowing activities. This involves locking up hTON tokens in specified smart contracts, allowing other users to borrow them in exchange for interest. By participating in lending activities, users can earn rewards in the form of interest payments, contributing to the liquidity and efficiency of the DeFi ecosystem.