1/7
$XHV is deservedly starting to get some attention. Here’s a short summary of its key features for those new to it
⁃A crypto Swiss bank account allowing users to anonymously mint assets pegged to real word prices (see below for details)
⁃$XMR fork
$XHV is deservedly starting to get some attention. Here’s a short summary of its key features for those new to it
⁃A crypto Swiss bank account allowing users to anonymously mint assets pegged to real word prices (see below for details)
⁃$XMR fork
2/7
To mint any asset, you burn the equivalent USD amount of XHV. For example to mint $xUSD, if XHV is worth $1 you would need 100 $XHV to mint 100 xUSD.
To mint any asset, you burn the equivalent USD amount of XHV. For example to mint $xUSD, if XHV is worth $1 you would need 100 $XHV to mint 100 xUSD.
3/7
Once integrated with $RUNE you will be able to mint any pegged real world asset, not just USD. To determine minting and burning pricing, $XHV uses $LINK and $BAND oracle data.
Once integrated with $RUNE you will be able to mint any pegged real world asset, not just USD. To determine minting and burning pricing, $XHV uses $LINK and $BAND oracle data.
4/7
At any time users can convert their xAssets back to $XHV. The amount of $XHV received back is a function of the price of $XHV relative to the xAsset when converting back
At any time users can convert their xAssets back to $XHV. The amount of $XHV received back is a function of the price of $XHV relative to the xAsset when converting back
5/7
For example you choose to mint an asset pegged to $AAPL shares. Assuming the current $AAPL price is $130 and $XHV is trading at $5, you would burn 26 $XHV to create the pegged $AAPL asset.
For example you choose to mint an asset pegged to $AAPL shares. Assuming the current $AAPL price is $130 and $XHV is trading at $5, you would burn 26 $XHV to create the pegged $AAPL asset.
6/7
When the price of real world $AAPL shares reaches $150 you decide to convert your asset back to $XHV. At that time $XHV is worth $10, so you would receive 15 $XHV (11 less than you need to mint the $AAPL asset)
When the price of real world $AAPL shares reaches $150 you decide to convert your asset back to $XHV. At that time $XHV is worth $10, so you would receive 15 $XHV (11 less than you need to mint the $AAPL asset)
7/7
Because $XHV is a fork of $XMR, all of this can be done anonymously. XHV allows any pegged real world asset to be transferred at the speed of data anonymously. This is big.
Because $XHV is a fork of $XMR, all of this can be done anonymously. XHV allows any pegged real world asset to be transferred at the speed of data anonymously. This is big.
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