2 years ago

Helio Protocol Secures $10 Million Investment from Binance Labs

  • Helio Protocol, a London-based project that combines over-collateralized lending of its native decentralized stablecoin, HAY, with staking-as-a-service (StaaS) and LSDfi infrastructure, received USD10M from Binance Labs

  • The company plans to use the funds to expand its team, diversify collateral, and support future multi-chain growth

  • Helio Protocol acquired Synclub in July 2023, expanding its offerings and capital efficiency

  • Currently, it has 11,000 HAY holders and an estimated 300M USD in TVL.

      • ProblemFinancial Services

      "making lending more secure and efficient"

      Solution

      "combines over-collateralized lending of its native decentralized stablecoin, HAY, with staking-as-a-service (StaaS) and LSDfi infrastructure"

      Covered on