How Hex Bond works
Three steps. Each one turns something you hold into something that earns.
1. Lock HEX → mint HB
Delegate a HEX Stake Instance (HSI) to the manager, then mint Hex Bonds against it. Each HB is one maturity — HB-3000 through HB-8000 — redeemable 1:1 for HEX on its day.
- Start a new stake through the manager, or delegate one you already hold.
- Mint up to a safe ceiling just below the stake's intrinsic value — the manager holds back the final stretch of the stake's rewards and worst-case penalties so every bond stays fully covered.
- Minting charges a 1% fee in HB, paid to that maturity's vault stakers.
- Already hold a real Actuator HTT? Migrate it 1:1 into the matching HB.
2. Pair HB with HEX → LP
Every farm pool is an HB/HEX pair. The zap does the swap, the pairing and the staking in one transaction — start from PLS (no approval needed at all) or from HEX you already hold. You can also do it by hand on PulseX.
Six pools are live today: HB-3000/HEX, HB-5000/HEX, HB-7000/HEX, HB-8000/HEX, HBR/PLS and HBR/HEX. The chef adds HB-4000 and HB-6000 in farm year 1 — the same staged line-up Actuator uses (HB-8000 was scheduled for year 2 but listed early).
3. Stake the LP → earn HBR
MasterChefX pays HBR per second, split by pool weight. The schedule runs 350M / 250M / 150M for years 0–2, then a flat 235M/year through year 99.
See Farming & emissions.
What HBR does with fees
A 6% tax on AMM swaps — and only AMM swaps. Wallet-to-wallet transfers, the Hex Bond vault and protocol contracts pay nothing.
| Slice | Cut | Where it goes | | --- | --- | --- | | Treasury | 4% | Buy & burn, and compounding | | Auto-liquidity | 1% | Swapped and added to HBR/PLS — the LP goes to the treasury, not to LPs | | Burn | 0.5% | Destroyed on the spot | | Reflections | 0.5% | Paid to HBR stakers |
The total is hard-capped at 6% and can never exceed it; within that cap the split is adjustable.
Where to hold HBR
- Vault — deposit against a Hex Bond maturity to collect that token's creation tax.
- Stake — earn reflections and treasury yield.
Both burn a linearly-decaying penalty if you exit inside 90 days.
Not yet active: rehypothecation (no strategy is deployed) and the treasury drip basket (registered, but not yet funded — drips begin once the treasury funds it). Neither pays anything today.