HOLLAR is Hydration's overcollateralized dollar stablecoin, minted from DOT, ETH, BTC, and stablecoin collateral on an Aave v3 fork with HSM-anchored peg swaps. The static profile records its US Dollar peg mechanism as: Overcollateralized CDP with automated partial liquidations per block; peg stabilized by the HOLLAR Stability Module (HSM), which enables direct stablecoin swaps near $1 and deploys received stablecoins into yield strategies.

As of Oct 24, 2026, Pharos grades HOLLAR C- (51/100) on its Safety Score. Pharos's reviews record that admin controls such as a pause or an upgradeable contract exist, though no power to freeze a specific holder was found, and any holder can use its reviewed redemption route. That is a middle-band grade: it meets baseline expectations but carries meaningful weaknesses. The grade moves as reserve, redemption, peg and control evidence changes; the live Safety Score on this page shows the current reading.

Pharos records HOLLAR's reserves as of Jul 28, 2026 as 100% Hydration borrow-market and HOLLAR Stability Module collateral basket. Reserve evidence: curated reserve profile. Pharos classifies the backing as Crypto-Collateralized.

Based on tracked contract metadata and blacklist coverage, admin controls such as a global pause or an upgradeable contract are recorded, but the review found no active power to freeze or seize a specific holder's balance on material deployments.

Under the route Pharos reviewed on Aug 12, 2026, any holder can redeem HOLLAR for a single stable asset, such as cash or a stablecoin. Redemption settles atomically on-chain. The fee is variable or not fully published. Whether a given holder qualifies is set by the route's own terms, not by this summary.