What is Helio Protocol? Helio Protocol project analysis

• What is Helio Protocol?
• Products of Helio Protocol
• Earn . products
• OR What is Destablecoin?
• Tokenomics
• Basic information about HAY
• Information about the HELIO . token
• Utilities of HELIO, HAY
• HELIO . token allocation
• Development roadmap
• Project team, investors and partners
• summary

What is Helio Protocol?

Helio is a Liquidity protocol built on the BNB Chain ecosystem, allowing users to profit from activities such as lending, borrowing, yield farming and staking. That is, you can collateralize BNB and borrow HAY – the stablecoin of Helio Protocol, to mine for profit.  

Products of Helio Protocol

Earn . products 

Staking: Users holding HAY can participate in staking on the Helio protocol to earn annual profits. The protocol also allows you to instantly claim rewards from staking activities. As of press time, there are a total of 7,874 users in the network, with TVL reaching over $67 million.

Boosted vaults: Users can use Helio's bounty vaults to get compound interest by compounding profits.

Farming: Helio offers multiple DEXs, including PancakeSwap, Ellipsis, Magpie and Thena, allowing users to farm assets like HAY.

Borrow AWESOME

Helio allows users to use BNB or BUSD to borrow OR with low interest rates (2% and 10%/total loan value). Users can then use HAY in Earn products to mine profits from the platform. Collateral Ratio of the lending protocol is 66% (for BNB assets) and 90% (for BUSD). 

As of the time of writing, 1,551 users have borrowed, more than $67 million have been mortgaged to Helio and 21.5 million HAY tokens have been borrowed in the past month.

OR What is Destablecoin?

OR is a decentralized stablecoin in Helio's ecosystem pegged to 1 USD. With other stablecoins in the market, by default they should always peg with 1 USD, but with Helio peg right but it can't be held, because stablecoins are also affected by market demand.

Helio has a way to help ensure the value of HAY as follows:  

• TH1: If the value of HAY is increasing (> 1 USD), Helio will encourage borrowers to continue to borrow more OR to sell for other assets, exploit and take the difference profit.
• TH2: If AY is less than 1 USD, because HAY is decreasing in price, borrowers will be incentivized to buy AY from the market to repay the underlying debt. 

Tokenomics

Basic information about HAY

• Token Name: Destablecoin HAY
• Ticker: HAY
• Blockchain: BNB Chain
• Token Type: Stablecoin, Utility
• Total Supply: 40,943,769 AWESOME
• Circulating Supply: 40,811,221 AWESOME

Information about the HELIO . token 

• Token Name: Helio Protocol
• Ticker: HELIO
• Blockchain: BNB Chain
• Token Contract: Updating
• Token Type: Governance
• Total Supply: 1,000,000,000 HELIO
• Circulating Supply: Updating

Utilities of HELIO, HAY

• OR is a stablecoin and a transaction method on the platform such as lending & borrowing, mint...  
• HELIO is an administrative token, managing the Helio Revenue Pool, used as a reward to incentivize users in the protocol and mining liquidity.

HELIO . token allocation

HELIO is distributed proportionally as follows:

• Community: 60%
• Ecosystem: 17%
• Treasury: 10%
• Liquidity Provision: 5%
• Strategic Sales: 6%
• Team: 1%
• Early Adopters: 1%

HAY will be generated through mint or purchased on decentralized exchanges (DEX): PancakeSwap (BNB Chain), Thena.

Development roadmap

Phase 1: Helio will introduce destablecoin HAY and expand HAY's market share in the BNB Chain ecosystem, an upgrade in the traditional stablecoin market.

• Phase 2: Helio expands cross-chain and governance
• Phase 3: Helio makes destablecoin HAY a new trend in the community.

Project team, investors and partners

Helio Protocol does not publish information about the project team. TraderH4 team will monitor and update after official information from the project.

summary

Above is some information about the Helio project and the HAY, HELIO token duo. Some similar projects are providing lending & borrowing services: MakerDAO, Aave, Kava, Compound, Alpaca Finance... If investors are interested in this project, they can follow more social networking sites like:
Discord | Twitter | Telegram

• Candy Club integrates with OKC ecosystem (OKX Chain)