Use cases

Hex Bonds turn a locked HEX stake into a tradable claim with a fixed maturity. Here is what that unlocks.

If you hold a HEX stake

Delegate it to the Hex Bond manager and mint HB against it, up to a safe ceiling just below the stake's intrinsic value — the manager holds back the stake's final stretch and worst-case penalties so every bond stays fully covered.

• Get liquidity without ending the stake. No emergency-end-stake penalty.
• Mint over time as the stake grows, for a steady income stream.
• Amplify — recycle what you extract into more stake. See Amplified stakes.

If you hold Hex Bonds

Each Hex Bond is a claim on a fixed amount of HEX on a fixed day.

• Buy below redemption value and hold to maturity for a HEX-denominated return.
• Leveraged HEX exposure with no liquidation price to defend.
• Trade the curve — hedge duration, or arbitrage maturities that are mispriced against each other.

What Hex Bond adds

Same primitive, rebuilt incentive layer.

• Farm HB/HEX liquidity for HBR that emits for a century, not 14 months.
• Stake HBR for reflections and treasury yield.
• Vault HBR against a maturity to earn that token's creation tax.

New here? Read How Hex Bond works.