Lets Get HAI
Stablecoin Profile
Lets Get HAI (HAI) is a crypto-collateralised stablecoin: users mint HAI by locking other crypto assets as over-collateral, with $664.9K currently in circulation across 1 blockchain networks. The USD peg is maintained through liquidation auctions when collateral value falls below required thresholds. Price feed sourced via defillama.
About Lets Get HAI (HAI)
HAI is a low-cost, dollar-denominated protocol on the Optimism network, featuring a collateral-backed system coin, dynamic value transfer balancing via a PID controller, and a Global Settlement mechanism for equitable collateral redemption
HAI is minted from over-collateralized debt positions (CDPs). Every HAI token in circulation corresponds to a greater amount of collateral locked by individual protocol users. Users can mint or burn HAI, depending on their collateral's value.
Recent supply activity
Lets Get HAI (HAI) supply expanded by $68 (+0.01%) in the last 24 hours, expanded by $271.6 (+0.04%) over the past week, and contracted by $6.8K (-1.01%) over the past 30 days.
Mild contraction: redemptions have slightly outpaced minting, with supply down 1.01% in the past month.
Supply History
Network distribution
Lets Get HAI circulates across 1 blockchain network. OP Mainnet hosts the largest share at 100.00%. Cross-chain distribution has remained broadly stable over the past 30 days.
| Chain | Supply | Share | 24h Δ | 30d Δ |
|---|---|---|---|---|
| OP Mainnet | $664.9K | 100.00% | +0.01% | -1.01% |
Peg stability history
As a crypto-collateralised stablecoin, Lets Get HAI (HAI) maintains its 1.00 USD target by holding excess on-chain collateral and routing redemptions through automated liquidation auctions. Spot price is currently $1.3493 (+34.925%); short-term excursions of this magnitude are typically arbitraged away within hours via the protocol's open mint/redeem mechanics.
How crypto-collateralised stablecoins defend their peg
Crypto-collateralised stablecoins like this one over-collateralise positions — borrowers must lock more than $1.00 of crypto for each $1.00 of stablecoin minted. If collateral value falls below the required ratio, the position is automatically liquidated in an open Dutch auction. Arbitrageurs can always mint and redeem against the protocol's contracts, which keeps the secondary-market price tightly bounded around $1.00. The main residual risks are sudden crypto-collateral crashes that outpace the liquidation engine, and oracle failure.
Practical implications for holders
- Collateral volatility is the dominant risk: a fast drawdown in the collateral asset can outpace liquidation auctions and leave the protocol under-collateralised.
- Oracle risk: the protocol relies on price feeds (typically Chainlink or a multi-oracle setup). Oracle manipulation or delay during volatile markets has historically caused peg excursions.
- Governance risk: parameter changes (collateral types, liquidation ratios, debt ceilings) are decided by token-holder votes. Sudden governance attacks remain a tail risk.
- On-chain transparency is a major advantage — collateral is verifiable 24/7 without trusting an attestor.
- Mantapex tracks peg deviation in real time from DeFiLlama price feeds, but for high-value holdings cross-check directly on at least one independent venue (CoinGecko, the issuer's own dashboard, or an on-chain DEX).
Peg-stability commentary is based on the mechanism class (crypto-collateralised) and is provided for educational purposes only — it is not financial advice. Past peg stability is not a guarantee of future performance, and even the highest-quality stablecoins have historically traded outside their target band during banking, regulatory, or liquidity stress.
Contract addresses
Lets Get HAI (HAI) is deployed as a token contract on 1 blockchain network below. Always verify the contract address you're interacting with on the relevant block explorer before sending funds — phishing tokens reusing well-known stablecoin tickers are common, especially on newer chains.
| Chain | Contract address | Verify |
|---|---|---|
| Ethereum | 0x10398abc267496e49106b07dd6be13364d10dc71 | Explorer |
Contract addresses are sourced from DeFiLlama's stablecoin profile. Some chains (Tron, Solana, Aptos, Sui) use non-EVM address formats. The "Explorer" link opens the official block explorer for the given chain; we do not link out to third-party explorers that may show altered data.
Compare Lets Get HAI to other crypto-collateralised stablecoins
Below are the largest crypto-collateralised stablecoins tracked on Mantapex alongside Lets Get HAI (HAI). Comparing supply and chain footprint within the same mechanism class is more meaningful than cross-class comparison, because the underlying peg-defence assumptions are different.
| Stablecoin | Supply | Mechanism | Chains |
|---|---|---|---|
| Sky Dollar (USDS) | $8.4B | crypto-backed | 6 |
| Ethena USDe (USDe) | $5.9B | crypto-backed | 23 |
| Dai (DAI) | $4.6B | crypto-backed | 48 |
| Falcon USD (USDf) | $1.6B | crypto-backed | 2 |
| USDD (USDD) | $1.1B | crypto-backed | 4 |
Across mechanism classes
If you're researching HAI as part of a broader stablecoin allocation, it's worth comparing it across mechanism classes — each design has different counterparty, custody, and tail-risk profiles.
Peg Stability
Chain Distribution
Resources & data sources
Lets Get HAI (HAI) is tracked across major crypto data providers. The links below open Lets Get HAI (HAI)'s pages on CoinGecko, CoinMarketCap and DeFiLlama, so you can cross-check supply, market cap, exchange listings and historical price data directly at the source.
Price feed sourced from defillama. Supply, peg and chain-distribution data are aggregated from DeFiLlama's stablecoins dataset, which combines on-chain balances across supported networks. Numbers on this page typically refresh every 10 minutes.
Recent Lets Get HAI news
Latest reporting from major crypto news outlets covering Lets Get HAI.
- Crypto Briefing
Hon Hai Precision Industry revenue rises 34% amid Nvidia server demand
Foxconn's AI server growth highlights a shift in tech manufacturing, impacting global supply chains and emphasizing Nvidia's market influence. Hon Hai Precision Industry revenue…
- Crypto news
HAI Group's CORE.3 brings Probability of Loss risk metric to Web3
CORE.3 turns on-chain data into a forward-looking Probability of Loss score for Web3 projects, standardizing operational and security risk assessment while staying outside…
- Cryptopolitan
Hon Hai maintains sales revenue on strong Nvidia AI server demand
Hon Hai's August sales hit NT$606.5 billion, or around $19.8 billion, showing a 10.6% increase from last year. The company said its AI server business in the U.S. is still running…
- Cryptopolitan
Tencent, JD.com, and Hon Hai face pressure from new US tariffs.
Chinese tech giants, including Tencent, JD.com, and Hon Hai, face mounting pressure from new US tariffs, threatening to slow their growth ambitions.
- Coin Idol
Hacken Token (HAI): To Enhance The Security Of The Cryptocurrency Industry
Hacken Token (HAI) is the native cryptocurrency token of the Hacken ecosystem.
- Invezz
HAI token rebounds 270% following Hacken's response to $250K exploit
The crypto market slumped on Monday after Iran threatened global oil supply as the parliament voted in favor of closing the Strait of Hormuz following the United States' strikes.…
- BitDegree
$250,000 Hack Slams HAI Price as Minting Key Gets Leaked
The price of Hacken Token HAI has collapsed after a user created and sold a large amount of tokens using a leaked private key.
- Crypto news
Hacken bridge exploited for $250k HAI token following private key leak
Blockchain security auditor Hacken has confirmed a major exploit involving unauthorized HAI token minting on Ethereum and BNB Chain.
Related stablecoins
Stablecoins comparable to Lets Get HAI by collateral mechanism, peg currency, or circulating supply — handy for spotting alternatives if a peg breaks or a regulator forces a delist.
Other crypto-backed stablecoins
Stablecoins pegged to USD
Risk Warning
Stablecoins carry risks including de-pegging, regulatory changes, and counterparty risk. Always diversify and do your own research.