Why is Helio Protocol perfect during a ๐ป market? (and not just ๐)
Read the ๐งต below to find out!
2/ During a bear market aka when the market is down, people tend to hold their assets - finding a way to generate passive income during these times is key ($BNB).
3/ Helio Protocol is a great option if you hold extra $BNB as we help you gain the most yield possible ๐
4/ When you interact with our protocol and deposit your $BNB to borrow our native destablecoin $HAY, you will be allowing your #BNB to work for you ๐ค
5/ We also offer real yield on $HAY single staking (~7% APY)
One of our main priorities with Helio Protocol is safety and the safety of our users โ
Letโs deep dive on smart contract safety ๐งตย ๐
2/9 What are smart contracts? โ๏ธ
Smart contracts just like any contract establish the terms of an agreement. The terms are executed as code running on a blockchain.
They allow developers to build apps that take advantage of blockchain security, reliability and accessibility.
3/9 Why are smart contracts important?
They enable scalability, efficiency and decentralization with no middle man. Plus, they're fully transparent as they are based in fixed commands defined by lines of code.
๐ฅ Helio Protocol has launched a syrup pool on @PancakeSwap - letโs recap on what Helio Protocol is, and what can $HAY holders expect from this partnership.
A ๐งต
2/9 Developed on the @BNBCHAIN, Helio Protocol is an open-source liquidity protocol for borrowing and earning yield on their native destablecoin $HAY.
3/9 Destablecoin is a new asset class that is over-collateralized with liquid staked assets.
$HAY is an over-collateralized destablecoin, where 1 $HAY is always redeemable at $1 of cryptocurrency, and over-collateralized by $BNB.