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Hylo generates revenue through minting and redemption fees, as well as a percentage of the yield earned by underlying LSTs and borrow rates charged on non-yielding assets.

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Revenue Sources

Collateral Yield

Native staking yield from yield-bearing assets (SOL LSTs).

Borrow Rates

Charged on non-yield assets (e.g. BTC).

hyUSD Fees

Dynamic minting and redemption fees.

xASSET Fees

Mode-adjusted minting and redemption fees.

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Revenue Distribution

The yield allocation and treasury fee percentages are configurable protocol parameters, adjusted to balance depositor rewards with protocol sustainability.

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Revenue Scaling

Revenue grows with:
  • Additional pools: Each new collateral pool contributes yield or borrow rate
  • Trading volume: Increased hyUSD and xASSET usage drives fee revenue
  • TVL: The protocol earns more as deposited assets grow