Destablecoin HAY (HAY)

$0.9974

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The website of Destablecoin HAY (helio.money) is offline since 2024-11-08. If you have any new information, please use the "Update Coin Data" link.

Coin Information

Unknown Country

Blockchain: Binance Smart Chain

Ticker: HAY

Type: Token

Contract:

Decimals: 18

Old name: Helio Protocol HAY

Price Statistics

Market Cap

Fully Diluted Valuation

Coin Supply

Circ.: 76 317 521(100%)

Total: 76 317 521

Blockchain Explorers

Bscscan.com

Bitquery.io

Website

~~Helio.money~~

Inactive

Extra Links

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~~Github~~

Github Statistics

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Destablecoin HAY Price Chart

About Destablecoin HAY

Destablecoin HAY (HAY) is a USD-backed stablecoin built on the BNB Chain. It is a revolutionary asset in the DeFi space, aiming to provide a decentralized and easily accessible stablecoin option. All HAY in circulation is directly backed by excess collateral, ensuring the stability and security of the asset. HAY is powered by the BNB Chain, contributing to the evolution of the BNB Chain ecosystem.

HAY stands out through its sustainable yield savings feature, where users can earn competitive APY by yield farming HAY on trusted partner DEXes. The stablecoin offers maximum security through over-collateralized borrowing, providing a safe and user-friendly experience. Helio Protocol, the team behind HAY, has conducted multiple external audits and security assessments to ensure the integrity of the smart contracts supporting the stablecoin.

Destablecoin HAY is part of a growing trend in the crypto space to offer decentralized stablecoin alternatives. Unlike traditional stablecoins, destablecoins like HAY utilize decentralized and liquid-staked crypto assets as collateral, fostering a decentralized financial landscape. The term “destablecoin” distinguishes these assets from other stablecoins types and emphasizes the underlying technology’s decentralized nature. HAY’s mission is to provide broadly stable stability without an absolute peg to fiat currencies, allowing for price fluctuations determined by market dynamics.