Your USDT0 is zapped into liquidity the protocol owns forever. You receive HSTR below the market’s price.
Connect your wallet to view your bonds and claim HSTR.
The protocol keeps what you bond. There is no redemption and no maturity payout: you exchange capital today for HSTR that arrives over time. Permanent-liquidity bonds deepen the HSTR market; reserve bonds add to treasury backing.
Your price is the market price less the desk discount, and never below a floor tied to treasury backing. It is fixed when your bond confirms. If HSTR trades under the desk’s minimum, the desk simply stops issuing.
Your HSTR is reserved for you the moment you bond and released evenly until the vesting date. Claim any vested amount whenever you like. The market price of HSTR can rise or fall while you wait.