Copy of DeOrderBook Docs
App
  • DeOrderBook Docs
  • 🌠Intro to DeOrderBook
    • What is DeOrderBook ?
      • DeOrderBook Core
      • Why use DeOrderBook?
    • Getting Started
    • Roadmap
    • Fees
    • Glossary
    • Litepaper
  • 💻DOB Website
    • DeOrder
    • Account
    • Lock
    • Claim & Exercise
    • Bazaar
  • 🪐The World
    • Characters
    • Concept and Backstory
    • Citizens (and Discord roles!)
  • 🙌HODL
    • Explaining HODL
    • Minting HODL
    • Staking HODL
    • Redeeming HODL
  • 🔅DeOrders
    • Explaining a DeOrder
    • Placing a DeOrder
      • How do I place a DeOrder/Buy?
      • How do I place a DeOrder/Sell?
      • Unstaking SNIPER and unwinding
  • 🔫SNIPER and BULLET
    • Explaining SNIPER and BULLET
    • Obtaining and Trading BULLET
    • Exercising DeOrders with BULLETs
    • BULLET Bazaar
    • BULLET Raffle
  • 🪙$DOB
    • Explaining $DOB
    • Claiming $DOB
    • Locking $DOB
  • 🏅Gerege NFT Program
    • Dual-Tier NFTs: Silver and Gold
    • Gerege Silver
    • Gerege Gold
  • ❔Support
    • Contract Addresses
    • FAQs
    • Tutorial Videos
  • 🤝Community
    • Social Media
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  • What are HODL tokens?
  • What can be done with HODL tokens?
  1. HODL

Explaining HODL

HODL tokens: the first step on every DeOrderBook journey

PreviousCitizens (and Discord roles!)NextMinting HODL

What are HODL tokens?

Upon entering the world of DeOrderBook, users need to first mint HODL tokens from the supported cryptocurrencies held in their wallet. At launch, DeOrderBook supports $USDC and $wBTC. Different cryptocurrencies mint different HODL token types. $USDC mints uHODL tokens, while $wBTC mints bHODL tokens.

Think of HODL tokens like tickets you'd get when you enter a carnival. Just as you'd use those tickets to play different games or claim prizes at the end, HODL tokens enable you to get your collateral onto DeOrderBook and start earning!

What can be done with HODL tokens?

Earn Yield

HODL tokens can be directly staked onto the platform for a basic APR, or can be used to place much more lucrative .

Earn Rewards

As DeOrders mature, users earn $DOB: the platform's native governance token. back onto the protocol generates two types of rewards for users: - a proportionate share of the protocol's fees according to its revenue-sharing scheme - a proportion of

Shares of protocol fees are paid out in HODL tokens, which are directly redeemable for cold hard crypto!

Redeem

Users can redeem HODL tokens for their related cryptocurrencies. $USDC can be redeemed with uHODL tokens, while $wBTC can be redeemed with bHODL tokens.\

🙌
DeOrders
Locking $DOB
BULLET tokens