Provident Capital
  • Protocol Information
    • Deposit
      • How to Deposit
      • hTokens
      • Withdraw assets
    • Borrow
      • How to Borrow
      • Health Factor
      • Loan Repayment
      • Liquidations
      • Flash Loans
      • Interest Rate Model
    • Phase 1 - Boosted Emission Phase
    • Phase 2 - Token Generation Event
      • Provident Liquidity (pLP)
      • pLP Liquidity Options
      • Zapping pLP
      • Staking and Revenue Sharing
      • Managing pLP
    • Tokenomics
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  1. Protocol Information
  2. Deposit

hTokens

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Last updated 1 year ago

hTokens are interest-bearing tokens represented as 'rXXXX' in your wallet (example: hHLUSD for HLUSD)

hTokens are minted and burned upon deposit and withdrawal.

The hTokens' value is pegged to the value of the corresponding deposited asset at a 1:1 ratio. All interest collected is distributed to hTokens holders directly by continuously increasing their wallet balance.

If you wish to convert rTokens back to the underlying asset, navigate to your deposits on the Dashboard and follow the prompts.

withdrawal