Hylo users, this message is for you.
We strongly recommend using Hylo to trade our products (xSOL, hyUSD, sHYUSD).
We haven’t started executing our distribution strategy across the broader ecosystem yet, so liquidity outside of Hylo remains very limited.
Trading through
why would I bullpost Solana when I can wait for the tourists and my competitors to shake out, buy in size at discount, push issuance reduction live and then ride the train to $1,000?
Been seeing a lot of talk about token utility around the $MET launch, so here are my two cents.
Tokens need real utility, not just hype. Too many projects make a ton of money, but the token keeps bleeding because the team and holders aren’t actually aligned.
People love to say
So many people told us no one would want easy and cheap access to leverage.
So many people told us no one would want to use a stablecoin fully backed by LSTs.
Seems like they were all wrong.
A year ago, our team pitched @colosseum on introducing new primitives to Solana:
Liquidation-free leverage with xSOL and a fully native stablecoin, hyUSD, offering unmatched yield.
Since public launch 4 months ago, Hylo has grown from 0 to $100M TVL.
Only possible on @solana.
What if the new way to fund projects is @Sanctum LST? @soleconomist already mentioned the option for NFTs fundraise, but I believe we could use it to fund pretty much any project.
Investors could contribute with their LST yield to a project instead of direct funding. In
Yesterday, the market crash wiped out nearly $20B in leveraged long positions. During this time, Hylo protocol faced one of the biggest stress test any leverage platform has ever seen and proved its robustness.
The Hylo engine is built for resilience and performed as intended
This is a reminder to ALWAYS use @hylo_so’s front end to open xSOL positions. Do not use Jupiter or other external platforms.
Hylo is the primary source of liquidity for xSOL and is not yet integrated with DEX aggregators. External swaps only route to secondary market liquidity,
.@wintermute_t just withdrew 300,000 SOL, worth around $71M, from Kamino, causing the borrow rate to jump to 60%+. If you're using @KaminoFinance's multiply products be careful!
