Helio Protocol is a decentralized over-collateralized lending and liquid staking platform on the BNB chain. HAY is the protocol’s native destablecoin over-collateralized by BNB and is redeemable for US $1 worth of BNB. Its use cases include borrowing HAY at a collateral ratio ~152% (~66% LTV) by depositing BNB as collateral on the protocol, liquidity mining on LP DEXes, a means of payment to transfer value for goods & services. The protocol aims to be completely decentralized, and will be launching its DAO once the TGE of its governance token, HELIO, is completed.

The core goal of Helio Protocol is to provide a new form of digital currency (HAY) that is capital efficient and decentralized.