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  • Flex Protocol
  • General
  • Definitions
  • Borrowing
  • Stability Pool & Liquidations
  • Redemptions and HEXDC Price Stability
  • Frontend Operators
  • FLEX Rewards and Distribution
  • FLEX Staking
  • Recovery Mode
  • Technical Resources
  • How To
  • POWERCITY Ecosystem
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Flex Protocol

Flex Protocol is live on PulseChain. Flex is a decentralized borrowing protocol that allows you to draw interest-free loans against $HEX used as collateral. Loans are paid out in $HEXDC (a USD pegged stablecoin) and need to maintain a minimum collateral ratio of 110%.

In addition to the collateral, the loans are secured by a Stability Pool containing $HEXDC and by other borrowers collectively acting as guarantors of last resort. Learn more about these mechanisms in our documentation.

Flex as a protocol is non-custodial, immutable, and governance-free.

If you still have questions after browsing this documentation, please join our Telegram.

Flex Protocol is a part of the POWERCITY Ecosystem. Learn more about the ecosystem and its other protocols here.

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Last updated 7 months ago

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