Hylo
Hylo is a Solana stablecoin protocol where hyUSD is backed by liquid-staked SOL and xSOL absorbs the leveraged price exposure.
What is Hylo?
Hylo is a DeFi protocol on Solana built around a dual-token system. Users mint hyUSD, a stablecoin collateralized by Solana liquid-staking tokens that earns staking yield, or mint xSOL, a token that absorbs the leveraged long exposure to SOL price. Positions can be redeemed any time, and the protocol relies on LST yield instead of real-world collateral or third-party trading desks.
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Developer resources from Alchemy
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BlackRock, Franklin Templeton, and major banks are deploying on Solana. Here’s why institutions are choosing the network, how multi-chain operations change the calculus, and what to demand from infrastructure providers.
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Alchemy collaborates with Pye Labs for institutional Solana staking with 13-25% yields vs 7%. Features programmable lockups, transparent terms, tradeable positions, and 99.9%+ uptime across institutional-grade infrastructure.
How Aave runs the largest lending protocol in DeFi across 20+ chains with Alchemy
Aave has run its traffic on Alchemy since 2021, powering protocol data across 20+ networks and a gasless consumer app, through V4, Cortex, and spikes above 2M CU/s.
Hylo alternatives
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River Inc
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App store listings are independently reviewed and written by Alchemy using a combination of inbound submissions, editorial research, public project sources, and third-party directories, including ecosystem data from The Grid under the Open Database License, DefiLlama, DappRadar, Reown, and chain ecosystem pages.
