CryptoCurrencies
12351
Exchanges
500
Total Market Cap
1,103,144,281,601
Volume 24h
109,755,187,347
Dominance
BTC 40.02%   ETH 17.75%   USDT 6.17%   BNB 3.98%

Destablecoin HAY
HAY

1.001
$
0.13 %
Change 24h
Market Cap
$ 42,038,622
Volume 24h
$ 279,596
Circulating Supply
42,033,341
Total Supply
48,915,455
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.