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Hylos reached $9.5M in deposits in eHYUSD!

Hylos reached  $9.5M in deposits in eHYUSD!

Hylos has been growing. And they have made many changes in their system. Hylos works by combining the real world asset and the crypto. They have attached their own decentralized stablecoin to their system. They have an earn program which makes it easier for holding the asset and earning the eHYUSD. 

Solana needs products and protocols like these. Which makes keeping the assets in the vault. And earn program in here that would be a good direction for the building. Like some of the stablecoin that are being earned through yield based programs. Ethereum has plenty of such assets but we need more such options on Solana too. 

Liquid staking and earning from the asset kept in the vault would be the investment for many as well. Read more here. 

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Novasky
Novasky

Crypto Blogger and Open Source Developer.


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