Hylo closed a $1M strategic funding round led by @SolanaVentures with participation from @colosseum.
This marks Solana Ventures' 2nd and Colosseum's 3rd investment in Hylo, reflecting their continued conviction in our vision to scale leverage and yield infrastructure on Solana.
The USDC Hylo Vault cap is now $10M.
Earn up to 8.98% APY lending USDC against @hylo_so’s eHYUSD and @ExponentFinance’s Hylo fixed-yield and tranching markets.
Depositors earn hyUSD rewards, plus 2x Hylo XP.
Hylo's yield-bearing $eHYUSD is currently paying 11% APY.
That's at the lower end of what it can deliver, yet still among the highest delta-neutral yields on Solana and beyond.
Buyin the dip via @hylo_so ...picked up some more
solana:4sWNB8zGWHkh6UnmwiEtzNxL4XrN7uK9tosbESbJFfVs
solana:7ga6rtE9qSb3wdEiDCpTu2kHqoGVfT52jD8ign1rYTvx
solana:2zCo6bUowJMvr89ajxuWsPadAqJ2F9akCkxumNsSdgsL
About $50K in expired RateX positions have been withdrawn so far, with $600K in Hylo assets remaining.
The tool also supports withdrawals of expired non-Hylo assets.
Following user reports of difficulties accessing the RateX app, we've built an alternative interface to help users withdraw their assets at https://t.co/dEUnYiDUjg
The RateX team is working to restore access. In the meantime, funds remain onchain and users can exit their expired positions.
Hylo provides this tool as a public good for all RateX users. Its functionality depends on RateX's smart contracts remaining operational.
Leverage and yield are two of the most fundamental building blocks of DeFi. But there are a meager few teams actually innovating on them.
Proud to back a team who's delivered a novel take on both-- and they're just getting started.
Hylo closed a $1M strategic funding round led by @SolanaVentures with participation from @colosseum.
This marks Solana Ventures' 2nd and Colosseum's 3rd investment in Hylo, reflecting their continued conviction in our vision to scale leverage and yield infrastructure on Solana.
Following user reports of difficulties accessing the RateX app, we've built an alternative interface to help users withdraw their assets at https://t.co/dEUnYiDUjg
The RateX team is working to restore access. In the meantime, funds remain onchain and users can exit their expired positions.
Hylo provides this tool as a public good for all RateX users. Its functionality depends on RateX's smart contracts remaining operational.