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Helio Protocol
Helio makes it easy to earn with the over-collateralized and secure HAY destablecoin
About Helio Protocol
Helio Protocol is an innovative financial technology company operating in the decentralized finance (DeFi) sector. It offers a unique asset class known as HAY, an over-collateralized destablecoin. Unlike traditional stablecoins that aim for absolute price stability with fiat currencies, HAY is backed by decentralized assets such as BNB and BUSD, providing a more flexible and resilient form of digital currency. Users can mint and borrow HAY by providing BNB or BUSD as collateral, which can then be used for yield staking, liquidity mining, and transferring value. The protocol is built on the BNB Chain, ensuring fast and secure transactions.
Helio Protocol serves a diverse range of clients, including individual crypto investors, institutional investors, and decentralized autonomous organizations (DAOs). The company operates in the rapidly growing DeFi market, which aims to democratize financial services by eliminating intermediaries and offering more transparent and efficient financial products.
The business model of Helio Protocol revolves around its native governance token, HELIO. Following the launch of HELIO, the protocol will transition to a DAO structure, allowing the community to govern the treasury, revenue pool, and future direction of the project. Revenue is generated through borrowing interest on HAY and various staking and liquidity mining activities.
In summary, Helio Protocol is redefining the stablecoin landscape by introducing a more flexible and decentralized alternative. It leverages liquid staked assets and decentralized governance to offer a robust and innovative financial product.
Source: Dealroom company dataKnowledge graph
More headlines
Funding history
Company financing events and reported valuations.
| Deal type | Date | Amount | Valuation | Investors | Source |
|---|---|---|---|---|---|
| EARLY VCOther financing | Aug 2023 | $10M | $40M | YZi Labs | ↗ |
Growth signals
Latest recorded traffic for Helio Protocol is 2.8K monthly website visits, down 64.6% over the last three months. Helio Protocol's team declined 6.7% over the past year.
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Investments and acquisitions
Recent portfolio relationships for companies that also act as investors or acquirers.
Investors
From Dealroom's funding and investor records, grouped by the round each investor first entered.
Series A1 investor entered at this stage
YZi Labs
Source: Dealroom Talent Intelligence.
Global footprint
Market sentiment
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