About Helio Protocol Airdrop
Developed on the BNB Chain, Helio Protocol Airdrop is an open-source liquidity protocol for borrowing and earning yield on HAY, which is a “destablecoin” Destable coin a new asset class that is over-collateralized with liquid staked assets. In other words, HAY is an over-collateralized destable coin, where 1 HAY is always redeemable at $1 of cryptocurrency, and over-collateralized by BNB. Users can mint and borrow HAY by providing BNB as collateral, which can then be used to stake for yield, liquidity mining and as a means to transfer value.
Following the launch of the governance token, HELIO, Helio Protocol will operate as a DAO, where the community will govern the protocol’s treasury, revenue pool and future direction. It has confirmed to launch a governance token called “HELIO”. Early users who’ve supplied, staked or borrowed assets from the platform may get an airdrop once they launch their governance token.
How To Join Age Of Helio Protocol Airdrop
First Step
Visit the Helio Protocol dashboard.
Second step
Connect BSC wallet.
Third Step
Supply BNB on the platform.
Fourth Step
Stake HAY token.
Fifth Step
Borrow any amount of HAY.
Six Step
Also make sure to provide feedback about the platform to their Discord channel.
Seven Step
Helio Protocol has hinted to do an airdrop of “HELIO” tokens to early users of the platform.
Eight Step
Please note that there is no guarantee that they will do an airdrop. It’s only speculation.
Easy Borrowing, Easy Earning
Provide BNB collateral to borrow the HAY destablecoin
Yield farm HAY on trusted partner DEXes for competitive APY
Get HELIO tokens as a reward for minting HAY
Powered by BNB Chain
HAY will create a new DeFi and destablecoin infrastructure on the BNB ecosystem
Open-sourced, Permissionless & Decentralized
Multi-chain Scaling
Proof-of-Staked Authority (PoSA) Consensus
For Developers & Node Operators
Established & Diverse Ecosystem
BNB Chain Application Sidechain (BAS)
Low transaction fees
EVM-Compatible Blockchain
What Is Difference Between Destablecoins & Stable coins
Destablecoins differ from the conventional 4 stablecoin types that currently exist in the market. Currently, there are four main types of stablecoins, Fiat-backed (BUSD), Crypto-backed (DAI), Algorithmic (USDD), Commodity-backed (PAXG). Like other crypto-backed stablecoins, destablecoins will utilize the overcollateralized model backed by crypto assets such as DAI. However, the key differences are:
- Destable coins are fully decentralized. Crypto-backed stable coins such as DAI leverage on centralized crypto assets such as USDC, while destable coins such as HAY will use decentralized assets such as BNB. as collateral. Additionally, destable coins will also leverage on liquid staked assets.
- Secondly, destable coins aims to achieve stability broadly without an absolute peg to the fiat currencies. All currencies are different and have varying reference rates, so price fluctuations should be considered a norm defined by the market instead of aiming for a sense of absolute price stability at all cost. Similarly with destable coins, it does not aim to achieve absolute price parity with US $1 as a primary objective nor rely on fiat assets as the backed collateral.
Liquid Staking
The BNB Liquid Staking mechanism is an enhanced version of staking on the BNB Chain. Typically, it is the Proof-of-Stake (PoS) network that allows users to take advantage of the BNB Chain’s features. But BNB Liquid Staking eliminates the need for them to lock their assets up with a central node. This removes the risk of having assets that are now “illiquid” and can’t be spent or earned in other places. Liquid Staking solves the problem of locked up liquidity when staking assets on Proof-of-Stake networks.
Staking rewards from PoS networks can be one of the most stable streams of income available (in percentage terms). However, typically users have to wait until the end of the staking period to get your staking rewards.
