Deposit Mechanisms

How does the deposit system work on the HILO dApp?

When you deposit any token or currency, it goes into our reserves, and the user receives LOCKED HILO on ARB under their Account ID, which is reflected in their HILO account balance. Subsequently, a buy order will be set to be executed on-chain. We maintain a balance in our reserves between HILO and stable coins to ensure sustainability and security for our users. To keep the treasuries balanced, buybacks are necessary, but we never need to sell tokens. You can always withdraw in either USDT or HILO tokens to your own wallet.

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