Defrost is Hexagon Finance Official Partner

Published on: 06.04.2022

Defrost is Hexagon Finance’s official partner, supporting their efforts in terms of operations and marketing. Defrost has agreed to join Hexagon’s initial single token pools initiative, providing mining rewards to an sMELT pool that will go live soon after their launch.

sMELT holders who will join and qualify for the whitelist will receive 30% extra rewards compared to other miners.

Along with their partners over at Hexagon, they are considering a series of ideas that would like to anticipate with their community here.

1 New incentivized H2O liquidity pools, either with other stablecoins or tokens on Hexagon. We believe this will be an effective way to provide new use cases and address price issues relating to H2O.

2. Listing a MELT/UST pair.

3. Defrost’s upcoming AVAX-pegged product will use the Hexagon weighted pools. You can find more details out here, but as a general introduction, the new product will be a complete innovation in the DeFi space. It will use a similar mechanism to the H2O to USD peg but will be connected to AVAX, allowing users to leverage their AVAX to mine on other platforms. Hexagon will support this mechanism with the innovative metastable pool and potentially provide rewards to the pool for liquidity growth.

4. Defrost is also considering opening new super vaults based on available Hexagon pools, providing our community with further opportunities for investment and diversification.

5. As Hexagon Finance is focused on UST, Defrost will use this chance to incorporate new UST-related pairs on their platform