The upcoming union of two distinct entities will lay the groundwork for an innovative organization by the conclusion of this year, tasked with managing both the operations and revenue streams of both projects. Should a governance token be unveiled, this novel entity will provide the governance for the two projects contained within its umbrella framework.
The game-changing Helio Protocol, which has built its reputation on the USD DeStablecoin underpinned by BNB, is reshaping the landscape of DeFi and stablecoins in the BNB Chain sphere. With a Total Value Locked (TVL) exceeding $44,603,491 and 661 participants in total, the Protocol offers a platform for individuals to secure HAY by pledging BNB, while concurrently farming HAY on trusted partner DEXes for advantageous APY.
Synclub, conversely, is renowned for its independent validator nodes on the BNB Chain and is set to bolster the merger with its prowess in staking infrastructure and design. Currently overseeing more than $240 million in staked assets, it claims the fourth largest validator on BNB Chain, contributing 4.12% of total BNB staked.
This impending merger is set to cause significant disruption, propelling Helio Protocol into a leading position in LST and Stablecoin innovation. In line with the rising trend of LSTFi, Helio Protocol is determined to intensify the DeFi summer, supporting this trend with a comprehensive roadmap that features the integration of additional asset classes as collateral and the initiation of a new foundation.
Future plans encompass multi-LST collateralization, the availability of $HAY on numerous blockchains, and the unveiling of inventive applications for both $HAY and SnBNB. These key initiatives are designed to grant users effortless access, improve the overall security of $HAY, and boost the protocol’s attractiveness to a diverse range of stablecoin users.
For further details on the Helio Protocol, please visit https://helio.money/
About Helio Protocol
Helio Protocol is a pathfinder in the DeFi space, introducing the global community to DeStablecoins via its flagship product – $HAY. As a DeStablecoin on the BNB Chain, HAY employs decentralized, liquid-staked digital assets as collateral, shifting away from the traditional fiat-based approach to price stability. The protocol’s novel over-collateralized lending model guarantees that all circulating HAY is supported by surplus collateral, offering an unparalleled level of security to its users.
Synclub has made its name as a reliable Proof-of-Stake infrastructure provider, operating validator nodes across a range of blockchains, including the BNB Chain, Cosmos Hub, and Polkadot. Protecting over $240 million in staked assets, Synclub’s validated node on the BNB Chain is the fourth largest. With its expertise in staking infrastructure and design, Synclub is poised at the forefront of the future of Liquid Staked Tokens (LSTs) in DeFi.
Location: London UK
Company: Helio Protocol
SOURCE: Helio Protocol