Owning HOLLAR: Uses, Storage and Risks

HOLLAR is Hydration’s decentralized stablecoin, designed to stay near $1. It is minted against crypto collateral deposited into the Hydration protocol, rather than relying only on market mechanisms to support its value. That collateral backing is intended to help maintain the peg, but it does not make HOLLAR risk-free or guarantee that you can redeem it for exactly one dollar.

You may encounter HOLLAR in Hydration’s decentralized-finance ecosystem, which includes swaps and lending. Its practical uses depend on which protocol features and markets support it at the time you use it. Check the current HOLLAR market and protocol terms before relying on it for payments, trading or lending. A stablecoin can trade above or below its target, and access to a market can change.

Hydration is a Polkadot-based DeFi protocol, and HOLLAR is its stablecoin. The token’s listed chain information does not identify a specific network or token address, so do not assume that a similarly named asset on another chain is genuine HOLLAR.

Before receiving or sending tokens, check Hydration’s current instructions for the supported network and the exact asset details. Your wallet must support that network and asset; a wallet that supports Polkadot generally may not necessarily display or transfer every Hydration token. Confirm the receiving network on both sides of a transfer, and send a small test amount first if you are uncertain. A transfer sent using an unsupported network or incorrect asset details may be difficult or impossible to recover.

As of 2026-11-08, HOLLAR’s reported circulating and total supply were both about 11.9 million tokens. No maximum supply is specified. Its price was about $1, with a market capitalization of roughly $11.9 million on that date. These figures can change, and a market price near $1 is not a promise that you can always sell or redeem a token for one dollar.

The collateral is central to HOLLAR’s design, but its value and availability can be affected by crypto-market volatility and protocol operations. Hydration does not publish the collateral mix, collateral ratios or liquidation rules in the project information summarized here. Check the protocol’s current documentation and live terms before depositing collateral, borrowing HOLLAR or relying on the peg. Do not treat a stablecoin balance as equivalent to cash held at a bank.

Store HOLLAR only in a wallet that supports its confirmed network and token format. Keep your recovery phrase offline and private; anyone who obtains it may be able to control your assets. Use a hardware wallet if it fits your needs, and verify transaction details on the device before approving them. Never share your recovery phrase with someone claiming to provide support.

The main risks are a loss of the dollar peg, declining or inaccessible collateral, protocol or smart-contract failure, and mistakes when choosing a network or approving a transaction. A stablecoin’s target price does not remove these risks. Check that the protocol and any market you use are operating normally, understand how collateral can be liquidated, and avoid holding money you cannot afford to lose. HOLLAR has no maximum supply specified, and the protocol’s collateral and liquidation parameters should be checked before use.