Helio Protocol offers over-collateralized, decentralized stablecoin lending and borrowing on BNB Chain alongside multi-chain staking-as-a-service (StaaS) and LSDfi through its Synclub offerings. In July 2023 the team acquired Synclub and incorporated additional liquid staking tokens (LSTs) as collateral to increase capital efficiency and maximize rewards for HAY holders. The project is led by Toru, Founder and CEO. It intends to use the funds to expand the team, further diversify collateral across liquid staking providers, and bolster support for future multi-chain growth. Helio has achieved 11,000 HAY holders and reports an estimated $300M in total value locked (TVL), of which $260M are assets under management on Synclub’s validator node.

Total raised

$10M

Funding rounds

1

Latest round

Equity

Latest activity

Aug 2023