Connect Wallet
By connectiong your wallet, you agree to our Teams of Service and our Privacy Policy.
MetaMask
Confirmation
・・・wait・・・
Accessing External Sites
You are about to access an external website from Stable.fish. Please be aware of the following: Stable.fish is not responsible for the content or safety of external sites. Before entering personal information or making transactions, verify the site's credibility and security. If something seems suspicious or you feel uneasy, cease your access and consider consulting with an expert or trusted individual.
Continue to Access
You are about to access an external website from Stable.fish. Please be aware of the following: Stable.fish is not responsible for the content or safety of external sites. Before entering personal information or making transactions, verify the site's credibility and security. If something seems suspicious or you feel uneasy, cease your access and consider consulting with an expert or trusted individual.
・・・
Hop
Question
Liam
@rpg41fish · Oct 20, 2023, 21:23
What are hTokens such as hUSDC?
1
0
1
Comments (1)
UralArt
@uralart · Oct 20, 2023, 21:38
hTokens are specialized tokens designed to facilitate instantaneous transactions between blockchains. They function as part of the Hop protocol, eliminating wait times when transferring tokens across different chains.
Role as an Alternative Asset: hTokens act as stand-ins for original crypto assets (like ETH, DAI, etc.). This allows users to lock up their original tokens and receive an equivalent amount of hTokens on a different chain.
Provision of Instant Liquidity: Bonders support the transfer of tokens to different chains. They pre-fund these transactions, supplying users with hTokens on the destination chain. This process enables nearly real-time token transfers.
Role as an Alternative Asset: hTokens act as stand-ins for original crypto assets (like ETH, DAI, etc.). This allows users to lock up their original tokens and receive an equivalent amount of hTokens on a different chain.
Provision of Instant Liquidity: Bonders support the transfer of tokens to different chains. They pre-fund these transactions, supplying users with hTokens on the destination chain. This process enables nearly real-time token transfers.
0
1
