Helio Protocol is an open-source liquidity protocol for borrowing and earning yield on HAY — a new BNB backed over-collateralized destablecoin. The protocol aims to position HAY as the leading decentralized destablecoin protocol in the BNB Chain ecosystem, by leveraging Proof-of- Stake (PoS) rewards, liquid staking and yield-bearing assets. Helio Protocol will operate as a DAO,where the community will govern the protocol’s treasury, revenue pool and future direction.
HAY is unique as it is backed by BNB, which is amongst the top L1 tokens by market capitalization in crypto. In addition, HAY offers similar elements of value (both redeemable for US $1 worth of cryptocurrency) and decentralization as predecessors such as MakerDAO, while improving on gaps such as capital efficiency and financial rewards offered, allowing users to enjoy sustainable returns on their borrowed HAY.
HAY's current price is $ 0.998, it has dropped -0.25% over the past 24 hours.
HAY's All Time High (ATH) of $ 1.46 was reached on 24 Aug 2022, and is currently -31.7% down.
The current circulating supply of HAY is 28.59 Million tokens, and the maximum supply of HAY is 1.00 Billion.
HAY’s 24 hour trading volume is $ 24.59 Thousands.
HAY's current share of the entire cryptocurrency market is 0.00%, with a market capitalization of $ 28.52 Million.