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Hylo
Hylo offers hyUSD, a Solana-backed stablecoin pegged to the US Dollar and overcollateralized with liquid staking tokens.
Distributed
Description
Hylo manages two Solana tokens: hyUSD, a stablecoin backed by liquid staking tokens, and xSOL, which provides exposure to SOL price movements. The protocol uses automated systems to maintain hyUSD's dollar peg while xSOL absorbs market volatility. Users can deposit liquid staking tokens to mint hyUSD or xSOL based on their risk preferences.Grant Funding
VC Funding
None
2025
$0
$1.5M