CryptoCurrencies
17215
Exchanges
500
Total Market Cap
3,480,415,980,783
Volume 24h
116,055,404,057
Dominance
BTC 60.58%   ETH 8.86%   USDT 4.48%   XRP 3.68%

Destablecoin HAY
HAY

0.9988
$
0.17 %
Change 24h
Market Cap
$ 37,524,135
Volume 24h
$ 503,901
Circulating Supply
37,599,050
Total Supply
38,903,033
HAY
$
# Exchange Pair Price Volume 24h

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.