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Hylo Protocol
Hylo Protocol
-Dual-Token Stablecoin
Audited
DeFiLlama Dual-Token Stablecoin·$25.5M TVL·+0.26% 1h·-0.50% 24h·+7.46% 7d·1 chains

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Protocol TVL

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About Hylo Protocol

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

Description sourced from DeFiLlama's protocol metadata; teams submit their own copy when listing.

How Hylo Protocol's TVL is measured

DeFiLlama publishes the exact rules used to aggregate on-chain balances into the headline TVL figure shown on this page. The methodology below is the team's own source-of-truth description.

TVL is calculated by summing all LSTs locked in Hylo protocol.

If a contract or vault isn't in this list, its balance does not contribute to the TVL displayed on Mantapex or DeFiLlama.

Hylo Protocol codebase lineage and protocol family

Hylo Protocol is published as a versioned release inside the Hylo protocol family. Releases inside the same family typically share governance, brand, and large parts of the audit history, but each version can run materially different contract logic — a release labelled v2 or v3 is not just a UI refresh. Newer versions inside a family typically launch with their own audit cycle and parameter set, so do not assume the previous release's safety record carries over without checking the linked audit reports.

Fork lineage and parent-protocol relationships are tracked by DeFiLlama for security and audit-history attribution; a fork inherits the upstream design but not necessarily the upstream audits or governance.

Security & Audits

Audited by external firms
2 audits
Price oracles
Pyth· Primary

Oracles supply external price data to on-chain contracts. Oracle compromise is a common attack vector — diversified providers reduce single-point-of-failure risk.

Parent Protocol

Hylo Protocol is a versioned release inside a larger protocol family. View the parent for combined TVL and all sibling versions.

Hylo

Hylo Protocol Timeline

Major events flagged by the DeFiLlama community — protocol launches, exploits, governance changes, and incentive programs.

  1. Jul 29, 2025
    Listed on DeFiLlama

Protocol Profile

Hylo Protocol is a Dual-Token Stablecoin issuance protocol — it mints stable units against collateral (crypto, RWA, or off-chain reserves) and uses redemption or rebalancing mechanisms to hold the peg. It is deployed on Solana. The codebase has been independently audited (1 report on file).

TVL Distribution by Chain

Solana
$25.5M(100.0%)

Supported Chains

Solana

Protocol Footprint

Hylo Protocol is a single-chain protocol, deployed exclusively on Solana — this concentrates execution risk but simplifies the trust model. Price feeds come from a single oracle provider (Pyth); an outage or manipulation of that feed would propagate into every market the protocol prices. Only one audit report is currently listed; users should weigh that against the protocol's TVL before depositing significant amounts.

Official Resources & Links

Verified external resources for Hylo Protocol — use these to read the source code, follow governance discussions, or cross-check on-chain data against the original team's channels.

Other Dual-Token Stablecoin protocols on Mantapex

Hylo Protocol is one of 7 Dual-Token Stablecoin protocols Mantapex tracks in this category. Direct peers ranked by total value locked include MoneyOnChain, fx Protocol, RIF ON CHAIN, and 3 more. These peer protocols collectively secure $97M in deposits, giving you a frame of reference for whether Hylo Protocol's own TVL is at the top, middle, or tail of the category.

Browse all Dual-Token Stablecoin protocols on Mantapex

Related protocols

Other DeFi protocols connected to Hylo Protocol by category, deployment chain, or shared codebase lineage — useful for comparing TVL, fee models, or audit posture across direct peers.

Risk Warning

DeFi protocols carry inherent risks including smart contract vulnerabilities, liquidity risks, and potential loss of funds. Always do your own research before investing.

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