The Hoarder: Stake USDH for Stable Yield
The Hoarder is a vault of USDH collateral farming across DeFi for industry-leading returns. Think Anchor Protocol, but with real yield.
The Hoarder is our flagship product. It’s the core of Hoard, the foundation of demand for USDH.
Before diving into The Hoarder, we must have a sound understanding of USDH (Hoard’s stablecoin), and how it functions. Let’s start there.
The USDH Stablecoin
When we say USDH is the most decentralized stablecoin — we mean it. It’s backed 1:1 by a basket of 100% censorship-resistant stablecoins (primarily algorithmic).
Through this diversified architecture, it’s also stable and scalable. The stablecoin trifecta.
USDH is minted by depositing whitelisted collateral within our decentralized application. Presently, the whitelisted stablecoins that can be used as collateral are:
- MIM
- USDD
- sUSD
- LUSD
- FEI
Deposit $1 of any of these, mint $1 of USDH. Simple as that.
As a result, USDH is backed by a basket of these stablecoins, dependent on which stables users choose to deposit. For the sake of clarity, imagine USDH at a market cap of $1B distributed evenly across each collateral asset. This would mean $200M in MIM, USDD, sUSD, LUSD, and FEI — all held by Hoard’s smart contracts. USDH can be redeemed for this collateral at any time, but while it’s in circulation, the protocol can strategically use this collateral…
“The Hoarder” is what holds the protocol’s collateral and uses it for DeFi farming strategies.
The Hoarder
The Hoarder deploys USDH’s collateral backing into the top low-risk, on-chain yield opportunities. The strategies targeted by The Hoarder are primarily from LP fees, sources of protocol revenue, and other high-yield delta-neutral positions. These strategies are NOT capturing inflationary emissions or token incentives without intrinsic value. The Hoarder seeks to capitalize on DeFi’s leading real yield opportunities.
What does The Hoarder consider when choosing strategies?
- Low risk (stable)
- Delta neutral (no directional exposure)
- Originating on a trusted protocol (limited smart contract risk)
- Rooted in real yield (fee/revenue-based earnings)
- Sustainable earnings (mid to long-term strategies)
These considerations are critical in The Hoarder’s due diligence process. It’s also critical Hoard identifies the top yield opportunities, to meet its target APY of 10–25%.
Ultimately, The Hoarder is providing the highest sustained source of stable yield in all of DeFi — and driving considerable demand for USDH as a result.
Where does The Hoarder’s yield go?
All yield is distributed to users of the Hoard protocol:
- 70% of the yield to USDH stakers
- 30% of the yield to veHRD (locked HRD) holders
Remember the blissful days of 20% yield on Anchor? Now imagine that — but sustained through low-risk stable strategies led by DeFi farming/investing experts.
If you’re looking for the leading source of real yield in DeFi, mint USDH and stake it with Hoard to start earning! Or, purchase the HRD utility/governance token and lock it in the protocol for veHRD (to earn HRD emissions + 30% of Hoarder yield).
This is only the beginning of Hoard — we’re thrilled to have such a strong community in these early days! Talk soon, Hoarders 🫡
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