hyUSD
Scalability
hyUSD is made capital efficient by xASSET issuance. A relatively small amount of xASSETs can support a large supply of hyUSD, allowing Hylo to scale beyond the limits of existing decentralized stablecoins.
Stability
xASSETs act as volatility shields, absorbing price movements in their respective collateral pools to maintain the hyUSD peg.
Highly Decentralized
Collateral is stored onchain in transparent, 24/7 auditable vaults, with backing spread across multiple pools so no single issuer, custodian, or asset is a point of failure.
Diversified Backing
hyUSD is backed by multiple asset pools (SOL, BTC, future assets), reducing dependency on any single collateral type.
Deep Liquidity
hyUSD can be redeemed for its net asset value at any time without incurring slippage, regardless of the transaction size. 100% of backing assets are liquid and accessible at any time.
xASSETs (xSOL, xBTC)
Liquidation-Resistant
xASSETs are held in the user’s wallet and cannot be forcibly liquidated. Hold through market turbulence without fear of losing your position.
Variable Leverage
Leverage adjusts dynamically with market conditions, offering a passive way to maintain leveraged exposure with reduced risk.
Passive Management
No need for constant monitoring or health ratio management. Simply hold the token.
No Slippage
xASSETs can be minted or redeemed directly through the protocol without slippage, regardless of transaction size.
xSOL benefits from “free” leverage (LST yield covers costs), while xBTC has a borrow rate similar to perpetual futures funding but without liquidation risk.