- #Binance Labs invests $10 million in Helio Protocol, a #DeFi project.
- Helio Protocol combines over-collateralized #lending with staking-as-a-service (StaaS) and #LSDfi infrastructure.
- The project's native #decentralized stablecoin HAY is involved in over-collateralized lending.
- Helio Protocol has a total value locked (TVL) of around $300 million, with $260 million in staked assets.
- In July 2023, Helio Protocol acquires Synclub to incorporate liquid staking tokens (LSTs) as collateral, enhancing capital efficiency and rewards.
- Binance Labs supports innovative projects for the next phase of DeFi.
- Helio Protocol will use the funds to expand its team, diversify collateral, and support multi-chain growth.
- A development roadmap will be released, along with a rebranding to signify growth and innovation.
