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Hylo
Hylo offers hyUSD, a Solana-backed stablecoin pegged to the US Dollar and overcollateralized with liquid staking tokens.
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Hylo Protocol
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Description
Hylo Protocol implements automated token management on Solana through LST collateral pools. The system mints hyUSD stablecoins and xSOL leverage tokens based on deposited LSTs. The protocol calculates token prices using direct LST redemption values, controls leverage ratios through dynamic fees, and maintains stability through programmatic risk parameters.Category: Stablecoin Issuer