Hylo Protocol
Total Value Locked$41.15m
TVL by Chain
Solana$41.15m
Key Metrics
Fees 30d$505,516
Fees 30d by chain
Solana$505,516
Fees 7d$108,884
Solana$108,884
Fees 24h$26,772
Solana$26,772
Cumulative Fees$4.92m
Solana$4.92m
Revenue 30d$289,346
Revenue 30d by chain
Solana$289,346
Revenue 7d$57,737
Solana$57,737
Revenue 24h$19,086
Solana$19,086
Cumulative Revenue$2.74m
Solana$2.74m
Total Raised$1.5m
Aug 7, 2025$1.5mRound: SeedInvestors: Robot Ventures, Solana Ventures, YTWO, Colosseum
Protocol Information
Hylo splits yield-bearing assets into two complementary products: hyUSD - a stable USD-denominated asset with access to sustainable yield, and xSOL - leveraged SOL exposure with zero liquidation risk and no funding costs. Users can deposit LSTs to mint either asset
Audits:
Methodology
TVL: TVL is the collateral (LSTs, cbBTC and USDC) held in the Hylo exchange program vaults backing hyUSD and xSOL. Vault addresses are derived on-chain from the program's LstHeader, ExoPair and UsdcPair accounts.View code on GitHubFees: Fees users pay to mint, redeem and swap hyUSD and levercoins (xSOL, xBTC), earn pool withdrawal fees, the staking yield and exo market borrow rate harvested from the collateral reserves, and the income of the Hylo validator.View code on GitHubRevenue: The portion kept by the protocol: all user-paid fees, the protocol's share of harvested yield and borrow rate, and Hylo validator income (block rewards, Jito tips, inflation commission).View code on GitHubCompetitors
Frequently Asked Questions
What is Hylo Protocol's TVL?
Hylo Protocol currently has $41.15m in total value locked. TVL has increased 39.5% over the past 30 days.
What chains does Hylo Protocol operate on?
Hylo Protocol operates on Solana. Solana holds the largest share at 100%.
How much has Hylo Protocol generated in fees and revenue?
Over the past 30 days, Hylo Protocol generated $505,516 in fees. Of that, $289,346 was protocol revenue. Based on the trailing year, the annualized rate is $3.95m in fees and $2.1m in revenue.
How does Hylo Protocol's TVL compare to similar protocols?
Among Dual-Token Stablecoin protocols tracked by DefiLlama, Hylo Protocol ranks #2 by TVL. The category holds $219.08m across 7 protocols, and Hylo Protocol accounts for 18.8% of that total. Other leading protocols include fx Protocol, RIF ON CHAIN, MoneyOnChain, Djed Stablecoin, Ethereum Classic Stable Dollar, and DogeDollar.