Hylo HYUSD(HYUSD)
Market Cap$11.34m
Price-
Total Circulating11.34m
Stablecoin Information
hyUSD is a USD-soft-pegged stablecoin backed by liquid staking tokens (LSTs) and stabilized through a dual-token system with xSOL, liquidation mechanisms, and a stability pool.
Category:crypto-backed
Minting and RedemptionUsers mint hyUSD by depositing supported LSTs into Hylo's collateral pool, and redeem it by burning hyUSD to withdraw an equivalent amount of collateral.
Audits:
Stablecoins Usage by Chain
| Name | Bridge | |||||
|---|---|---|---|---|---|---|
| 0 | -0.20% | -2.29% | -25.08% | 11.34m |