viable alternative to offshore accounts, boasting a feature within the offshore accounts that actually preserves the value of Haven Protocol coins at a fixed level of fiat currency. To clarify: They plan to achieve this through a burning and minting protocol for their coins, that burns the coins as they are deposited into the offshore account
and re-mints an equivalent value of coins as you attempt to withdraw your funds.
According to their whitepaper, that breaks down to mean: An account owner (well call them A) deposits $200 worth of Haven into their offshore account on October 5th. XHV is worth $2.00/XHV on October 5th. So, A deposits 100 XHV. On April 5th, Owner A returns and desires to withdraw what funds were deposited into storage. On April 5th, XHV is worth $4.00/XHV. When Owner A receives back what they placed into storage, he receives 50 XHV which is now the equivalent to $200, the original fiat value of the deposited funds