Hylo is a decentralized stablecoin protocol on the Solana blockchain featuring a dual-token system: hyUSD, a USD-pegged stablecoin backed by Solana liquid staking tokens (LSTs), and xSOL, offering leveraged exposure to SOL. The protocol operates autonomously without real-world assets or centralized intermediaries, ensuring permissionless, secure transactions. Hylo employs a multi-tiered risk management system with fee adjustments, a stability pool, and slippage-free liquidity for both tokens.
