Hydrated Dollar
HOLLAR Rank #1082Price chart
What is Hydrated Dollar?
Overview
HOLLAR is a stablecoin native to the Hydration ecosystem. Unlike purely algorithmic stablecoins, it operates as a collateralized instrument where users deposit crypto assets to mint new tokens. Each HOLLAR token represents a claim on the underlying collateral held within the protocol.
How it works
HOLLAR is deployed on the Hydration blockchain. The minting process requires users to lock cryptocurrency collateral into the protocol in exchange for newly issued stablecoins, establishing a direct backing relationship between tokens and deposited assets.
Peg and backing
The $1 peg is maintained through over-collateralization, meaning the value of locked crypto assets exceeds the supply of HOLLAR in circulation. This structural backing distinguishes HOLLAR from mechanisms that rely solely on market dynamics or algorithmic rebalancing.
Supply
Total supply stands at approximately 13.73 million tokens. No maximum supply cap has been specified, allowing for unbounded minting as long as new collateral is deposited. Token issuance is directly tied to collateral deposits by users.
Where to trade HOLLAR
1 exchanges · top 10
Live spot quotes from connected exchanges
HOLLAR funding rates
Live perpetual funding on every connected exchange. Positive = longs pay shorts.
Contracts & chains
Exact contract or mint per network — the identity layer used for DEX routing.
On-chain routes
Networks with a connected DEX routing adapter.