⚠️Helio Protocol exploit update⚠️


1️⃣ The team at Helio Protocol is aware of the situation and we are closely working with Ankr to manage the situation and to support our community during this difficult time.


2️⃣ To help HAY re-peg, Ankr will be buying as much of the excess HAY minted from the discounted aBNBc to be burnt.

This should be expected to take place over the next 24 hours.


3️⃣ Helio Protocol and Ankr have also discussed a bilateral agreement where Ankr will be covering Helio Protocol's bad debt as a result of this exploit.

More details to be announced.


4️⃣ Additionally, Helio Protocol will be changing the collateral used to mint HAY. We will be using the new ankrBNB token instead of the existing aBNBc token.


5️⃣Customer safety is a top priority at Helio Protocol. The team will working to identify ways to further mitigate the situation and address community concerns moving forward.

December 02, 2022 at 4:31 PM
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