Overview
Helio Protocol functions as the new open-source liquidity protocol for earning yield on collateralized BNB/BUSD and borrowing HAY — a new BNB/BUSD over-collateralized destablecoin.
It uses and expands the proven MakerDAO model for a decentralized, unbiased, collateral-backed destablecoin and liquid staking.
The protocol consists of a dual token model (HAY and HELIO) and a set of mechanisms that support instant conversions, asset collateralization, borrowing, yield farming (upcoming feature), and destablecoin staking (upcoming feature). It is integrated into the BNB Chain ecosystem and runs on top of it.
The protocol is built by DeFi and smart contract experts with the aim to position the world-class revolutionary HAY destablecoin as the most widely used one, by leveraging Proof-of-Stake (PoS) rewards, liquid staking, and yield-bearing assets.
Last modified 4mo ago