Thread by @CrossChainAlex

In this market I'm focused on quality over quantity, diving deep before pulling the trigger.

Very impressed with the @hoardusdh team, so much so I'm supporting as an advisor.

Here's my take on the challenges #stablecoins face and why $HRD and $USDH *may* be the answer. 1/16

Top line: $USDH is the only #stablecoin with all 4 of the following traits:

- No centralized issuer
- No algorithmic or debt position backing
- No blacklist functions
- No "blacklistable" collateral

That's the hook, but how does it work and why does that matter? 2/16

$USDH is a fully decentralized #stablecoin backed by a basket of censorship resistant stables: $MIM $USDD $sUSD $LUSD $FEI

Deposit $1 of these whitelisted stables and mint $1 of $USDH and vice versa for redemptions.

Deposits form the basket of Hoard's collateral assets 3/16

Collateral held in "The Hoarder" and used to generate #RealYield on $USDH by deploying strategies (similar to $YFI vaults), delta neutral with yield returned to stakers

Targeting 10 to 25% APY as a source of stable yield to drive adoption of $USDH.

medium.com/@hoardusdh/the… 4/16

The ecosystem is supported by the $HRD token, which can be locked as veHRD used for governance and on the upcoming #Hoardchain 👀

So, that's what it is and what it does, here's my thoughts on the areas of innovation and potential. 5/16

🔨 Decentralization. #Gensler and the #SEC will regulate #DeFi and #stablecoins. We're already seeing censorship.

Where will we turn is $USDC $USDT etc. become heavily regulated? $USDH is exclusively backed by censorship resistant #stablecoins

https://twitter.com/gaborgurbacs/status/1570081354020257793?s=20&t=UafBc1xtSFdg6lb4BTke5w

6/16

⚖️ Stability. Decentralized stables are risky (see $LUNA and $UST)! $FRAX innovated on the risk model but still relies on centralized $USDC.

$USDH hedges risk and seeks stability through diversification. If 1 asset fails $USDH *can* survive.

https://twitter.com/BarryFried1/status/1524340587067060224

7/16

🚀 Scalability. $DAI over collateralization is capital inefficient. $UST relied on ponzinomics. Safe, decentralized scalability is still a big challenge.

The $USDH decentralized, hedged 1:1 backing model at least has the potential to address this

https://twitter.com/TokenBrice/status/1564279876949086208?s=20&t=vIG4XX8GsaCpD4M1-NIOqQ

8/16

🤝 Adoption. Goes hand in hand with scalability and needed to scale. #DeFi is moving from vapourware to ponziware to #RealYield

The Hoarder targets delta neutral 10 to 25% APY, a catalyst for adoption with the #RealYield narrative in full swing.

https://twitter.com/hoardusdh/status/1569593068185083904?s=20&t=vIG4XX8GsaCpD4M1-NIOqQ

9/16

⛓️ Ecosystem. The roadmap includes Hoardchain - a Proof of Liquidity chain to house the @hoardusdh ecosystem.

Another use-case for $HRD and a chain with its own censorship resistant #stablecoin, token and #RealYield, sounds v interesting.

docs.usdh.finance/the-plan/roadm… 10/16

I've painted a bullish picture. So let's FUD a bit. #DeFi is experimental, decentralized #stablecoins are risky, this could all go v wrong.

That applies for everything in #crpyto. With $HRD at $3m market cap and the potential to earn yield on minted $USDH R/R looks good. 11/16

But bro, what about $HRD tokenomics? Yeah, there's emissions but I think there's balance between ability to incentivise and scale without blowing up the protocol.

Almost 2m veHRD already locked, total supply fixed at 10m and FDV at $11m, so again comfortable with the R/R. 12/16

Saving the best to last: pre-sale FUD 🤣 - I feel the team messed up originally with the vesting, but quickly worked with pre-sale investors to rectify.

End result; pre-sale tokens all out, after initial dump price has gone back up and stabilised so no longer a concern. 13/16

I've mentioned R/R a few times. That's another consideration for me.

- $FRAX $FXS ($527m FDV)
- $DAI $MKR ($669m FDV)
- $USTC $LUNC ($1.95b FDV) ☠️
- $USDH $HRD ($11m FDV)

Needs traction, but this is a reason I'm putting weight behind this project. 14/16

What's next?

- Release of The Hoarder
- Audits underway and out soon
- Giveaways incoming over next 48 hours
- Deep dive educational content
- Marketing ramp up

Early days for $HRD $USDH but a very proactive team constantly shipping. 15/16

As usual I encourage everyone to #DYOR.

🌐 usdh.finance
📓 docs.usdh.finance
📝 medium.com/@hoardusdh
🐦 twitter.com/hoardusdh
📩 t.me/hoard_portal
📈 bit.ly/3DvQoaS

These are just my opinions and #NFA 16/16