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Helio Protocol - Undisclosed
Overview
Funding Date
August 11, 2023
Financing amount
$10M
Valuation
--
Category
Subcategory
About Helio Protocol - Undisclosed
Binance Labs continues to support innovative projects that are set to shape the next era of DeFi with its $10 million commitment to Helio Protocol. The funds raised will be allocated to diversify collateral across liquid staking providers and future multi-chain growth to ensure that Helio and Synclub deliver a robust, secure, and diversified platform for the LSDfi community.
Investors
| Investors | Type | Location | Year Founded | #Portfolio Companies | Email Address | Socials |
|---|---|---|---|---|---|---|
| Fund | Malta | 2017 | 176 | -- |
Company Profile / Project Introduction
Helio Protocol is an open-source liquidity protocol for borrowing and earning yield on HAY destablecoin — a new asset class that is over-collateralized with liquid staked asset BNB. The protocol aims to position HAY as the leading destablecoin in the BNB Chain ecosystem, by leveraging Proof-of-Stake (PoS) rewards, liquid staking and yield-bearing assets. Helio Protocol will operate as a DAO, where the community will govern the protocol's treasury, revenue pool and future direction.