started my Hylo journey today after a brief due diligence,
1) what is Hylo?
Hylo is an over-collateralized stablecoin protocol backed by largest liquid staking token on solana i.e JitoSOL.
currently in private-beta
how to get started?
use my code: UWW2OJ
let's dive in 🧵;


2) use JitoSOL to mint xSOL
xSOL enables 2-4x leveraged exposure to SOL price without liquidation risk
20x XP bonus on deposit

3) use JitoSOL to mint hyUSD
hyUSD is the most decentralized stablecoin on solana, pegged 1:1 to the US Dollar and backed by liquid staking token LST. hyUSD benefits from direct redemption at anytime
5x XP bonus on deposit

4) stake hyUSD for sHYUSD
sHYUSD is the staked version of hyUSD that are deposited in the stability pool. this is a yield-bearing token that accrues from the underlying assets backing the protocol
sHYUSD currently yielding 20% APY
1x XP bonus on deposit

5) TDLR;
Hylo is backed by JitoSOL, also supported assets i.e SOL, jupSOL, USDC and USDT.
xSOL is 2x leverage long on SOL
hyUSD is most decentralized stablecoin on solana
sHYUSD yield-bearing stablecoin pegged to hyUSD with accrues
points program is live, get in now.
DYOR!
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