Destablecoin HAY HAY
HAY
1.002
$
0.14 %
Change 24h
Market Cap
$ 37,676,768
Volume 24h
$ 363,078
Circulating Supply
37,599,050
Total Supply
40,673,541
HAY
$
# | Exchange | Pair | Price | Volume 24h |
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Description
Developed on the BNB Chain, Helio Protocol is an open-source liquidity protocol for borrowing and earning yield on HAY, which is a “destablecoin”
Destablecoin a new asset class that is over-collateralized with liquid staked assets. In other words, HAY is an over-collateralized destablecoin, where 1 HAY is always redeemable at $1 of cryptocurrency, and over-collateralized by BNB. Users can mint and borrow HAY by providing BNB as collateral, which can then be used to stake for yield, liquidity mining and as a means to transfer value.
Following the launch of our governance token, HELIO, Helio Protocol will operate as a DAO, where the community will govern the protocol’s treasury, revenue pool and future direction.