HELIO PROTOCOL

Key features and things to know:

  • Binance Labs continues to support innovative projects that are set to shape the next era of DeFi with its $10 million commitment to Helio Protocol.

  • Helio Protocol combines over-collateralized, decentralized stablecoin lending and borrowing on BNB Chain with multi-chain StaaS and LSDfi services through its Synclub offerings. 

  • The funds raised will be allocated to diversify collateral across liquid staking providers and future multi-chain growth to ensure that Helio and Synclub deliver a robust, secure, and diversified platform for the LSDfi community.

Your chances of getting Airdrop from Helio protocol

About Helio Protocol

Helio Protocol combines over-collateralized, decentralized stablecoin lending and borrowing on BNB Chain with multi-chain StaaS and LSDfi services through its Synclub offerings. Currently, Helio Protocol has achieved 11,000 HAY holders and an estimated 300 million USD in TVL, of which 260 million USD is assets under management on Synclub's validator node, positioning Synclub as the second-largest validator on BNB Chain. 

Tasks to do to be eligible for a possible Airdrop from HELIO PROTOCOL

  • Have a DEFI wallet

  • follow Helio protocol on Twitter

  • join their Discord

  • perform all the tasks uploaded from Helio Protocol on Galxe.com

  • open Helio.money and explore the platform

Final thoughts...

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 the governance token, HELIO, Helio Protocol will operate as a DAO, where the community will govern the protocol’s treasury, revenue pool and future direction.

Helio Protocol has confirmed to launch a governance token called “HELIO”. Early users who’ve supplied, staked or borrowed assets from the platform may get an airdrop once they launch their governance token.