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Welcome to HAI

HAI is a decentralized stablecoin backed by yield bearing assets (YBAs) and governed by its community.
This documentation is your guide to using, understanding, and benefiting from the HAI Protocol.

Whether you're a new user, liquidity provider, or protocol integrator - this hub covers everything you need to get started.

What You Can Do with HAI​

  • Mint HAI by depositing supported collateral
  • Use haiVELO to borrow HAI and earn rewards
  • Stake KITE to boost rewards and earn protocol fees
  • Contribute to the stability pool and earn liquidation yield
  • Understand the controller and redemption rate mechanism
  • Track protocol incentives and optimize your strategy

Why HAI?​

  • Permissionless, censorship resistant, and transparent
  • Backed by productive, yield-generating collateral
  • Soft-pegged to value, not reliant on banks
  • Governed by KITE token holders
  • Designed for resilience and scalability in DeFi

Key Concepts​

  • haiVELO: A perpetual yield-bearing token backed by protocol-owned veVELO
  • KITE Staking: Boost incentives and earn a share of protocol fees
  • Stability Pool: Automates liquidations and earns yield for depositors
  • Redemption Rate: The interest rate set by the protocol controller to manage HAI's price stability

Start Exploring​

Ready to get HAI?