How hodlCoin Works
HodlCoin is a staking protocol that encourages staking ("hodling") assets for long periods of time. When hodling, users deposit coins of a given asset in a vault and receive a proportional amount of corresponding hodlCoins.
When unhodling, users must pay an unstaking fee that benefits the vault's creator and users who continue hodling longer. Moreover, anyone (especially vault creators) can distribute rewards to hodlers, to further incentivize hodling.
Why hodlCoin
For Vault Creators
Reward your Loyal Tokenholders
Efficiently distribute rewards to all your tokenholders with a single transaction.
Signal your Long-Term Commitment
Stake your own tokens in a vault with a high unstaking fee, to show your community that you are holding for the long run.
Earn Unstaking Fees
Receive a portion of fees when users unstake early.
Protect your Token from Sell Pressure
The unstaking fee disincentivizes sellers and incentivizes holders without inflation.
For Stakers
Earn from Others' Impatience
Benefit from unstaking fees paid by users who exit early.
Long-Term Value Growth
The price of the hodlCoin is mathematically guaranteed to grow w.r.t. the price of the underlying coin, if you hodl longer than others.
Receive Rewards
Get additional rewards distributed by vault creators who want to incentivize staking.
Flexible Participation
Stake and unstake at any time, choosing from a wide variety of vaults for various tokens.