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Helio protocol announces rebrand as Destablecoin lending protocol.

Author:

Block

Time:8/19/2022 12:36:39 PM

[Helio protocol announces reshaping as Destablecoin lending agreement] On August 19, Helio protocol announced to reshape as Destablecoin lending agreement. HAY will not be used as Stablecoin, but will become Destablecoin over-collateralized by BNB. The new mainnet will be launched today .

It is reported that, unlike traditional Stablecoins, Destablecoins are not guaranteed to be absolutely pegged to fiat currencies, but will have slight price fluctuations with changes in interest rates in the open market like fiat currencies.

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