CryptoCurrencies
14675
Exchanges
500
Total Market Cap
2,324,708,469,323
Volume 24h
155,804,748,836
Dominance
BTC 51.05%   ETH 17.11%   USDT 4.84%   BNB 3.69%

Destablecoin HAY
HAY

1.005
$
0.15 %
Change 24h
Market Cap
$ 39,847,445
Volume 24h
$ 312,244
Circulating Supply
39,604,156
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.