Glossary

Actuator: A decentralized protocol that wraps existing or new HEX stakes with additional functionality, allowing users to mint HEX Time Tokens (HTTs) against their stakes.

ACTR Token: The native token of the Actuator protocol, used for revenue sharing.

Amplified Stakes: A strategy where users create new stakes, mint HTTs, sell them, and use the proceeds to create additional stakes, potentially achieving higher returns.

Collateralized HEX: HEX tokens that are locked as backing for minted HTTs.

Intrinsic Value: The total value of a HEX stake, including the initial staked amount plus accrued rewards to date.

Extractable Stake Value: The amount of HTTs that can be minted against the stake's underlying HEX, which may be less than the intrinsic value in some cases.

Escrow: The portion of stake rewards (final 10% accrued during a stake's life) that is reserved for the community end stake subsidy.

HEX Time Token (HTT): An ERC20 token minted against a HEX stake, redeemable 1:1 for HEX at the designated future day (redemption day).

HSI (HEX Stake Instance): A tokenized representation of a HEX stake, introduced by the Hedron protocol.

Redemption Day: The specific day when an HTT becomes redeemable for HEX, indicated in the token's symbol (e.g., HTT-2000).

HSI Delegation: The act of delegating control of an HSI over to the Actuator protocol and wrapping with additional functionality.

Extraction: The act of minting HTTs against a HEX stake's underlying HEX value.

Redemption: The act of exchanging HTTs for the underlying HEX tokens at or after the designated redemption day.

Retirement: The process of returning minted HTTs to regain full control of the underlying stake before redemption day.

Risk-Free Rate: The annualized and rigorous mathematical return achieved from purchasing a specific HTT lot at a discounted Hex price and then exchanging it for Hex at par (1:1) on its known future redemption. This is also called yield, or a discount rate for Present Value calculations in traditional financial analysis.

Yield Curve: A representation of the rates of return for HTTs across different redemption days, derived from their discounts relative to HEX. The shape of this curve will change as market conditions vary, which can often drive interesting trading and portfolio strategies.