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The Helio Protocol is developed on BNB Chain and is an open-source liquidity protocol for borrowing HAY and earning yield, the latter being a “de-stablecoin.” De-stablecoins are a new asset class overcollateralized by liquid staking assets. In other words,HAY is an overcollateralized de-stablecoin, where 1 HAY is always redeemable for crypto assets worth 1 USD and is overcollateralized by BNB. Users can mint and borrow BNB by providing HAY as collateral, which can subsequently be used for yield-generating staking, liquidity mining, and as a means of transferring value. Following the launch of our governance token HELIO, the Helio Protocol will operate as a DAO, with the community governing the protocol’s treasury, revenue pool, and future direction.
Overview
The Helio Protocol is developed on BNB Chain and is an open-source liquidity protocol for borrowing HAY and earning yield, the latter being a “de-stablecoin.” De-stablecoins are a new asset class overcollateralized by liquid staking assets. In other words,HAY is an overcollateralized de-stablecoin, where 1 HAY is always redeemable for crypto assets worth 1 USD and is overcollateralized by BNB. Users can mint and borrow BNB by providing HAY as collateral, which can subsequently be used for yield-generating staking, liquidity mining, and as a means of transferring value. Following the launch of our governance token HELIO, the Helio Protocol will operate as a DAO, with the community governing the protocol’s treasury, revenue pool, and future direction.
- Sector
- # Stablecoins
- Ecosystem
- BNB Chain
Team
Team information has not been disclosed.
Funding history
0 disclosed roundsNo disclosed funding records.
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