What Is Helio Protocol ?
Helio Protocol functions as the new open-source liquidity protocol for earning yield on collateralised BNB/ETH/Stablecoins and borrowing its decentralised stablecoin, HAY, also known as a “Destablecoin”
Helio Protocol Unique Features
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Roadmap
Phase 1
We will be focusing on building a safe and secure protocol with solid liquidity and strong utility case for HAY on BNBchain. This will include the formation & strengthening of partnerships and integrations between different DeFi Protocols on BNBchain.
We will also be focused on integrating ETH LSTs and respective LP tokens as a collateral option for HAY, diversifying our portfolio as well as providing users with more collateral options.
At the same time, we will also be upgrading our smart contracts to be more scalable, which includes the following features; collateral management factory contract, optimised liquidation, collateral asset dynamic rebalancing, AMO, to stabilise the price of HAY.
Phase 2
By phase 2, we will be aiming to be the top and largest provider of destablecoin within the BNB ecosystem.
After which, we will begin exploring cross-chain opportunities as well to further our reach, starting with Ethereum, followed by Ethereum Layer-2s such as Arbitrum & ZKsync.
We will also be collaborating with tier-1 Centralised exchanges to make HAY and snBNB accessible to more users
Helio Protocol Token Economy
HAY
HAY is a decentralised, unbiased, collateral-backed destablecoin soft-pegged to the US Dollar. Users who have collateralised their BNB/BUSD via Helio Protocol are eligible to take out a loan in HAY against their collateral. HAY is generated, backed, and kept stable through collateral assets that are deposited into CeVault functioning as the Helio collateral vault.
HELIO
HELIO is the governance token of Both Helio Protocol and Synclub.io. Once launched, it will be used to govern Helio and Synclub’s Revenue Pool distribution and to incentivise users . HELIO is a BEP-20 and ERC-20 compatible token.
Its core functions within Helio Protocol are:
- Platform governance
- Participant incentives
- Voting on upgrades (add a new vault, change protocol parameters and fees, etc.)
Detailed Token Metrics
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Token Distribution
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Token Release Schedule
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Partners & Advisors
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Team Members
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Investors
Binance Labs
