Hydrated Dollar
HOLLAR
Evaluation Score
Overall rating on a scale of 0-10
Dimension Breakdown
AI Analysis
Comprehensive evaluation of the token
HOLLAR (Hydrated Dollar) is an over-collateralized decentralized stablecoin native to the Hydration protocol on Polkadot, launched in September 2025. It utilizes a mint/burn demand-elastic model backed by crypto collateral and defended by the HOLLAR Stability Module. On the positive side, the token maintains its peg near $1.00 (~$0.9984), has recorded no exploits or insolvencies, exhibits decentralized governance via the Hydration DAO without proxy owner controls, and has achieved integrations such as adoption by the Polkadot Technical Fellowship. However, the project faces notable risks: its market capitalization remains modest at ~$12.5M with volume primarily localized to Hydration's internal ecosystem, address freezing capabilities introduce centralization risks, and there is an absence of verified public security audit reports for the collateral and liquidation contracts. No qualifying red-flag events were established. The overall score represents the weighted average of all six evaluated sections.
Development Activity
Code updates and developer engagement
Community Support
Social media presence and community engagement
Tokenomics
Supply, distribution, and utility
Market & Use Case
Value proposition and competitive landscape
Team & Governance
Team background and project governance
Security & Audits
Security history and audit status
About Hydrated Dollar (HOLLAR)
HOLLAR (Hydrated Dollar) is a decentralized, over-collateralized stablecoin native to the Hydration protocol (formerly HydraDX), a Layer-1 application chain operating within the Polkadot ecosystem. Officially launched in September 2025, HOLLAR is designed to maintain a peg to the US dollar through a mint-and-burn demand-elastic model backed by crypto-asset collateral. The protocol incorporates the HOLLAR Stability Module to support peg defense and facilitate liquidity within the network.
Governance of the stablecoin is handled through the Hydration DAO, which determines collateral requirements and risk parameters. The underlying contracts do not include a proxy administrator slot or an owner function, preventing unilateral modifications by a single party. Ecosystem integration includes its adoption by the Polkadot Technical Fellowship as a payment currency in June 2026, alongside connectivity to third-party fiat on-ramps.
While HOLLAR has experienced no recorded smart contract exploits, protocol insolvencies, or severe depeg events—trading historically within a band between $0.9302 and $1.05—it carries several structural and market risks. Public third-party security audit reports for its collateral and liquidation smart contracts have not been verified in available data. Additionally, the token includes address-freezing capabilities that present centralization risks, and its adoption remains largely confined to the Hydration ecosystem, with a market capitalization of approximately $12.5 million to $12.6 million.