Explore Helio Protocol's recent updates, key partnerships, and 0% borrowing interest for HAY as it expands its reach in the DeFi ecosystem.

#HAY #Helio #DeFi #Ecosystem #BNB

https://blockchainreporter.net/helio-protocol-expands-reach-in-defi-ecosystem-with-key-partnerships-and-updates/

Helio Protocol strengthens the Wombat Exchange partnership and forms a strategic DeFi stablecoin alliance, advancing decentralized stablecoin agenda.

#HAY #Helio #WombatExchange #DeFi #Stablecoins

https://blockchainreporter.net/helio-protocol-strengthens-partnership-with-wombat-exchange-and-expands-defi-stablecoin-offerings/

- #Binance Labs commits $10 million to Helio Protocol, an innovative project shaping the future of DeFi.

- #Helio #Protocol integrates over-collateralized stablecoin lending and borrowing on #BNB Chain with multi-chain StaaS and #LSDfi through Synclub.

- Funds will be used to diversify collateral across liquid staking providers and support multi-chain growth, ensuring a robust and secure platform for the LSDfi community.

- Helio Protocol's total value locked (TVL) is around $300 million, with $260 million in staked assets.

- Binance Labs' commitment underlines support for innovative projects driving the future of the Web3 industry.

- Helio Protocol acquired Synclub in July 2023 to maximize HAY's potential by using additional LSTs as collateral.

- Synclub's staking infrastructure enhances security and innovation, bringing new product features and opportunities.

- Yi He, Co-Founder of Binance, and Head of Binance Labs, emphasizes Binance Labs' dedication to fostering DeFi growth.

- Helio Protocol aims to expand its team, diversify collateral, and support multi-chain growth with the allocated funds.

- The project will release a development roadmap and refresh its branding for growth and innovation.

- Helio Protocol's mission is to provide a secure, high-security LSDfi infrastructure, enhancing capital efficiency and rewards.

- Toru, Founder and CEO of Helio Protocol, highlights the investment's impact on growth and resources.

- Helio Protocol's Synclub has 11,000 HAY holders and approximately $300 million TVL, with $260 million assets managed on Synclub's validator node, ranking it second-largest validator on BNB Chain.

$BNB $ETH $BTC

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Helio Protocol noted that it is determined to offer an exclusive consumer experience along with the provision of increased flexibility to the users.

#Helio #BNB $BNB

https://blockchainreporter.net/helio-protocol-announces-merger-with-synclub-to-broaden-up-the-defi-sector/

#BinanceLabs the venture capital and incubation arm of Binance, has invested $10 million in #Helio a liquid staking platform built on the #BNChain ☀️

The investment will help Helio expand to other chains, with Ethereum and prominent layer-2s like #ARBITRUM and #zkSync being the closest destinations. Helio allows users to stake their tokens and earn rewards while still maintaining liquidity.

This makes it a valuable tool for users who want to participate in DeFi without locking up their assets. The investment from Binance Labs will help Helio to reach a wider audience and grow its user base. ⚡

In addition to expanding to other chains, Helio will also use the investment to develop new features and improve its user experience. The goal is to make Helio the most user-friendly and accessible liquid staking platform on the market. This investment is a sign of Binance

Labs' confidence in Helio and its potential to revolutionize the DeFi landscape. With Binance Labs' support, Helio is well-positioned to become the leading liquid staking platform in the world.

#Web3daily #FDUSD