Hylo
Hylo is a decentralized stablecoin protocol on the Solana blockchain that uses a dual-token system: a stablecoin pegged to USD and backed by Solana liquid staking tokens, and another token offering leveraged exposure to SOL leverage. The protocol operates autonomously without real-world assets or centralized intermediaries, ensuring permissionless and secure transactions.Hylo employs a multi-tiered risk management system, including fee adjustments, a stability pool, and zero-slippage liquidity for both tokens.
Overview
Hylo is a decentralized stablecoin protocol on the Solana blockchain that uses a dual-token system: a stablecoin pegged to USD and backed by Solana liquid staking tokens, and another token offering leveraged exposure to SOL leverage. The protocol operates autonomously without real-world assets or centralized intermediaries, ensuring permissionless and secure transactions.Hylo employs a multi-tiered risk management system, including fee adjustments, a stability pool, and zero-slippage liquidity for both tokens.
- Sector
- # Other
- Ecosystem
- —
Team
Team information has not been disclosed.
Funding history
1 disclosed rounds- Seed
1,500,000 USD
Related news
Market updates
No related market updates.
People updates
No related people updates.