Helio Protocol HAY Price

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 is 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.