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Hipo Hipo @hipofinance Β· 739K subscribers
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🌐 Unveiling Hipo Version 2 Feature: Retired Driver πŸš€

Let's dive into another transformative feature of Hipo Version 2: Retired Driver.

πŸš— Understanding the Driver in v1
In Hipo v1, the Driver, a centralized service, played a crucial role. It constantly monitored Hipo's state and triggered actions, like converting hTON into TON when users unstake. Even though this driver is needed in v1, it's still a permission-less protocol, and anyone can trigger these actions by sending messages to the protocol.

πŸ”„ No More Centralized Driver in v2
Enter Hipo v2. Thanks to the introduction of Soul-Bound Tokens (SBTs), the need for the centralized Driver is retired. SBTs seamlessly connect and automate the fulfillment of users' requests.

🌐 How It Works
As each staking round concludes, SBTs are automatically burned, ensuring the completion of users' requests. This automation not only eliminates the need for a centralized Driver but also contributes to a more decentralized protocol.

πŸš€ Decentralization at Its Core
By removing the reliance on a centralized service, Hipo Version 2 aligns more closely with its permission-less ethos. The protocol becomes leaner, more efficient, and truly decentralized.

🌟 Stay tuned for more exciting updates as we continue to unveil the features of Hipo Version 2.
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