HTT Technical Diagrams
Minting, Redemption & Fungibility
Visual flowcharts showing exactly how HEX Time Tokens are created, redeemed, and why maturity date determines fungibility. Each diagram maps to the mechanics explained on the How It Works page.
1. Minting Process
There are two ways to begin: with liquid HEX in your wallet, or with an existing HSI — a portable HEX stake you already hold. The steps below trace the full path from liquid HEX all the way to tradeable HTTs sitting in your wallet. Throughout the process your HEX never leaves the HEX contract. Delegating hands the HSI itself to the Actuator contract — the NFT is burned from your wallet and the position is held by the protocol until you retire the HTTs, which mints it back. You keep control by returning any borrowed HTTs, and then Un-Delegate the HSI.
Key takeaway: Minting HTTs does not move your tokens. The HSI (portable wrapper) is what gets delegated. Your actual HEX stays locked safely in the HEX contract the entire time. Your HTTs stay in your wallet.
2. Redemption Process
When an HTT reaches its maturity date and the underlying HEX stake ends, any HTT holder can burn their tokens to redeem HEX. The flow is simple — no intermediary, no waiting period, no approval needed.
Key takeaway: Redemption is permissionless. Any HTT holder — not just the original staker — can redeem at maturity. The system guarantees every HTT stays fully backed and redeemable.
3. Fungibility by Maturity Date
HTTs are fungible ERC-20 tokens — but only with other HTTs that share the exact same maturity date. Two HTTs with different maturity dates are different tokens entirely, even if they represent the same amount of HEX. This is why longer-dated HTTs tend to trade at deeper discounts.
Same maturity date
All HTT-3000 tokens are identical — they share the exact same end-day. You can trade 100 HTT-3000 for another 100 HTT-3000 with no price difference. They are fungible — same smart contract, same redemption day, same value.
Different maturity date
HTT-3000 and HTT-7000 are completely separate tokens. Even if both represent 100 HEX, they trade at different prices because HTT-7000 matures later — a longer wait. The market prices this difference as a yield curve.
Observation: This maturity-based fungibility is what creates the natural yield curve. HTTs maturing soon usually trade at smaller discounts (lower yield). HTTs maturing years out often trade at deeper discounts (higher yield) because buyers must wait longer to redeem.
4. Full Lifecycle Summary
The complete end-to-end lifecycle of an HTT — from HEX staking through to final redemption. This combines the minting and redemption flows into a single picture.
The entire lifecycle is non-custodial — your HEX stays locked in the HEX contract throughout. Actuator only manages the HSI wrapper and the HTT minting/burning mechanics. At every step, you retain control of your assets.
ACTR Contract Address (PulseChain)
0x85DF7cE20A4CE0cF859804b45cB540FFE42074DaAlways verify at docs.actuator.finance before interacting.