DescriptionHAI is a low-cost, dollar-denominated protocol on the Optimism network, featuring a collateral-backed system coin, dynamic value transfer balancing via a PID controller, and a Global Settlement mechanism for equitable collateral redemption

Category:crypto-backed

Minting and RedemptionHAI is minted from over-collateralized debt positions (CDPs). Every HAI token in circulation corresponds to a greater amount of collateral locked by individual protocol users. Users can mint or burn HAI, depending on their collateral's value.