Activate the Full Value of Your Hex Stakes.
Mint Fully Backed Tokens Against Your HEX Stake to Unlock Liquidity with Confidence
Actuator Unlocks...
Actuator enables an efficient, fungible pricing mechanism for monetizing new or existing HEX stakes based on the accrued value of underlying HEX.
Efficient Liquidity
Lock in a fixed-rate of return in HEX at your desired maturity with no counterparty/credit risk. Made possible through a novel system of liquid 'HEX Time Tokens' fully backed by HEX stakes.
Fixed Returns In HEX
Buy HEX at a fair discount through 'HEX Time Tokens' and redeem 1:1 for HEX on redemption day. The longer the time to redemption, the greater the discount.
Discounted HEX
How it Works
Delegate a new or existing HEX Stake Instance to the Actuator protocol. This wraps the stake with a new function: Mint HEX Time Tokens.
1. Delegate
Mint HEX Time Tokens (HTT) against your HEX stake's accrued underlying HEX. HTTs are ERC20s with intrinsic value since they are backed 1:1 by HEX, enforced by the protocol.
2. Mint
Once HEX Time Tokens (HTT) have reached redemption day, any HTT holder can redeem 1:1 for HEX.
3. Redeem
HEX Alignment
HEX Time Tokens can only be minted against the earned HEX within a HEX stake. As time passes and the underlying HEX value increases, more HTTs can be minted. Only 1 HTT can be minted for every 1 HEX to ensure 100% backing.
Rewards Delayed Gratification
When HEX Time Tokens (HTTs) trade at higher prices, HEX stake owners can mint HTTs, trade for HEX, and use the proceeds to create new HEX stakes and increase T-Share exposure.
Promotes HEX Staking
In order to farm the ACTR token, users must create HEX stakes. The longer and the bigger the HEX stake, the greater the ACTR reward.
Incentivizes Bigger and Longer HEX Stakes
Learn
Interview
Corey Geary
Interview
Corey Costa
Interview
CryptoSloth
Interview
PulseRayVision
Interview
Nate McGet-It
Instruction
ACTR Farm Launch
Instruction
ELI5 Actuator
Instruction
How to Mint HEX Time Tokens
Instruction
How to Farm ACTR
Instruction
How to Earn Hex Time Tokens
What People are Saying
"The Actuator is arguably the most benevolent product ever built on top of $HEX."
"Actuator has the potential to revolutionize the HEX ecosystem by making staking more flexible and liquid."
"This project gives HEXicans the best of both worlds: liquidity and long-term rewards."
Frequently asked questions
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What is a 'HEX Time token' (HTT)?
An ERC20 token that can be redeemed 1:1 for HEX at the designated HEX day (i.e. redemption day). The redemption day is visible in the token symbol. For example, a HTT with symbol HTT-3000 is redeemable 1:1 for HEX on day 3000.
How are HEX Time Tokens (HTT) minted?
Anyone can mint HEX Time Tokens if they have created/delegated a HEX Stake Instance (HSI) through Actuator. Users can mint HTTs against their principal and any accrued rewards of the stake.
How is the redemption day for a HEX Time Token (HTT) determined?
The redemption day is set by the minter and can be any day where the underlying stake will be gauranteed to have HEX proceeds (i.e. Extractable Stake Value) if the stake were ended. However, setting the redemption day prior to end stake day should only be done by advanced users who fully understand it's implications (see 'Choosing a Redemption Day' of the Docs for more info). Typically, users choose a redemption day that falls on or after end stake day on the underlying stake.
Are HEX Time Tokens fungible (HTT)?
HEX Time Tokens that have a common redemption day are fungible, even if they are backed by distinct stakes. This is a key innovation of the protocol that enables broader liquidity and market efficiency of stakes as collateral.
If I only mint and sell a portion of my stake, can I still collect any remaining principal/rewards at end stake?
Yes, you retain full ownership to any remaining HEX proceeds from your stake assuming you end stake on time (within 2 weeks after stake end).
What gives HEX Time Tokens (HTT) value?
Since 1 HTT is redeemable for 1 HEX token at the designated redemption day, we can expect a close correlation to the HEX price with a discount due to the time value of money. The longer the time to redemption, the greater the discount in price since 1 HEX today is worth more than 1 HEX locked for a year. Once a HTT is redeemable, we would expect 1 HTT to equal 1 HEX. Otherwise, an arbitrage opportunity exists.
Who pays for the gas to end stakes that are backing HEX Time Tokens?
Once end day arrives, anyone can end a stake including the staker. However, after 3 days without stakeEnd being called, each additional day that passes results in an additional 1% of the stake rewards (up to 10%) going towards the user who calls stakeEnd (instead of the original staker). This ensures that even if gas is high, any user will have sufficient incentive to end a given stake as the rewards increase each day.
If I extract HEX Time Tokens (HTT) from my stake and sell them, do I still own my stake?
You are now a partial owner of the stake and whoever holds the minted tokens effectively owns the rest of the stake. The HEX that you the staker can collect at end stake is lowered by the amount of HTTs minted.
How many HEX Time Tokens (HTTs) can I extract from my stake?
You can extract your initially staked HEX + accrued HEX rewards (assuming redempation day equals end stake day). This ensures the quantity minted is never greater than the amount of HEX guaranteed to be available at end stake. As the stake progresses, users can perform multiple extractions on the newly accrued HEX rewards.
If I already have an existing HSI can I still wrap it through Actuator to mint HEX Time Tokens.
Yes, since Actuator is a wrapper around Hedron, you can wrap your existing HSI through Actuator and utilize all Actuator functionality. Additionally, you can unwrap a Actuator stake back to an HSI.
How is Actuator related to Hedron?
In the same way a HSI is a wrapper around a HEX stake with added functionality, a Actuator stake is a wrapper around a HSI with added functionality.
What is the ACTR token?
ACTR token holders earn HEX Time Tokens (HTT) through HTT creation fees. 75% of the ACTR supply is distributed through liquidity farms. 25% goes to the team. The token is deflationary and has a max supply of 1,000,000,000 ACTR.