Helio Protocol HAY (HAY) has rebranded to Destablecoin HAY (HAY). For more information, please view this announcement.
HAY

HAYHAY

Rank #4875
Token
On 299 watchlists

HAY Price (HAY)

$0.9946
0.12%

0.0000513 BTC0.51%

0.0007492 ETH0.40%

Low:$0.993
High:$1.00
24h
HAY  HAY HAY
Price:
$0.9946
 0.12%
Market Cap
$29,569,119
0.00%
Fully Diluted Market Cap
- -
Volume
24h
$11,322
17.12%
Volume / Market Cap
0.0003829
Self Reported Circulating Supply
29,729,830.49 HAY

Why is there no Total Supply? 

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HAY to USD Chart

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HAY to USD Converter

HAY

HAY

USD

United States Dollar

HAY Price Statistics

HAY Price Today
HAY Price$0.9946
Price Change24h-$0.00123
0.12%
24h Low / 24h High
$0.993 /
$1.00
Trading Volume24h$11,322.08
17.12%
Volume / Market Cap0.0003829
Market Dominance0.00%
Market Rank#4875
HAY Market Cap
Market Cap$29,569,118.82
Fully Diluted Market CapNo Data
HAY Price Yesterday
Yesterday's Low / High
$0.993 /
$1.00
Yesterday's Open / Close
$0.9961 /
$0.9949
Yesterday's Change

0.12%

Yesterday's Volume$11,362.29
HAY Price History
7d Low / 7d High
$0.993 /
$1.01
30d Low / 30d High
$0.993 /
$1.04
90d Low / 90d High
$0.9834 /
$1.46
52 Week Low / 52 Week High
$0.9834 /
$1.46
All Time High
Aug 24, 2022 (a month ago)
$1.46
31.90%
All Time Low
Aug 24, 2022 (a month ago)
$0.9834
1.14%
HAY ROI
No Data
HAY Supply
Circulating Supply29,729,830 HAY
Total SupplyNo Data
Max SupplyNo Data

HAY to USD Converter

HAY

HAY

USD

United States Dollar

HAY Price Live Data

The live HAY price today is $0.994594 USD with a 24-hour trading volume of $11,322.08 USD. We update our HAY to USD price in real-time. HAY is down 0.12% in the last 24 hours. The current CoinMarketCap ranking is #4875, with a live market cap of not available. The circulating supply is not available and the max. supply is not available.

If you would like to know where to buy HAY at the current rate, the top cryptocurrency exchanges for trading in HAY stock are currently PancakeSwap (V2), and Wombat Exchange. You can find others listed on our crypto exchanges page.

What is Helio Protocol (HAY)?

Helio Protocol is a decentralized over-collateralized lending and liquid staking platform on the BNB chain. HAY is the protocol’s native destablecoin over-collateralized by BNB and is redeemable for US $1 worth of BNB. Its use cases include borrowing HAY at a collateral ratio ~152% (~66% LTV) by depositing BNB as collateral on the protocol, liquidity mining on LP DEXes, a means of payment to transfer value for goods & services. The protocol aims to be completely decentralized, and will be launching its DAO once the TGE of its governance token, HELIO, is completed.

The core goal of Helio Protocol is to provide a new form of digital currency (HAY) that is capital efficient and decentralized.

What Makes HAY Unique?

HAY is unique as it is backed by BNB, which is amongst the top L1 tokens by market capitalization in crypto. In addition, HAY offers similar elements of value (both redeemable for US $1 worth of cryptocurrency) and decentralization as predecessors such as MakerDAO, while improving on gaps such as capital efficiency and financial rewards offered, allowing users to enjoy sustainable returns on their borrowed HAY.

HAY aims to represent a new form of asset class known as destablecoin. Destablecoin is a new type of asset class within crypto space that seeks to label a more accurate term in the current stablecoin landscape. Destablecoins utilize decentralized crypto assets only as collateral and do not aim to achieve absolute price stability with fiat-based currencies such as USD. While destablecoins are not fully volatile assets, it will allow for some price fluctuations as regular fiat-currencies would experience with varying reference rates and interest rate paraties defined by the open market.

How Many HAY Tokens Are There in Circulation?

For a start, the maximum mint cap of HAY will be at ~5% of the total market capitalization of BNB. However this maximum mint cap may be changed in the future depending on subsequent DAO proposals and votes.

To ensure a smooth and sustainable growth, the initial mint cap upon mainnet launch will be much lower than maximum mint cap, and will be raised slowly up to ~5% of the total market capitalization of BNB maximum mint cap as the adoption increases .

How is risk managed at Helio Protocol?

Risk management and user protection is a core focus at Helio Protocol, and thus, multiple risk management procedures are in place. Firstly, a LTV ratio of 66% is used to ensure that there is sufficient over-collateralization of BNB to tide over a black swan event. The LTV ratio of 66% is also referenced from what is used at MakerDAO, which suggests that it is an optimal, battle-tested LTV ratio.

Secondly, users can opt to subscribe to Helio’s personalized Liquidation Alert System (LAS), which allows users to be notified via telegram when the liquidation threshold is approaching, allowing them sufficient time to react accordingly. Users who subscribe will also be notified when the collateral price is experiencing abnormal levels of volatility, and is approaching liquidation price.

Lastly, Helio Protocol has employed an emergency shutdown mechanism that is smart-contract regulated, and will be triggered in the event of a “black swan” event. The shutdown process will be used as a last resort to prevent attackers from attacking Helio Protocol’s blockchain infrastructure.

HAY to USD Converter

HAY

HAY

USD

United States Dollar

HAY Price Statistics

HAY Price Today
HAY Price$0.9946
Price Change24h-$0.00123
0.12%
24h Low / 24h High
$0.993 /
$1.00
Trading Volume24h$11,322.08
17.12%
Volume / Market Cap0.0003829
Market Dominance0.00%
Market Rank#4875
HAY Market Cap
Market Cap$29,569,118.82
Fully Diluted Market CapNo Data
HAY Price Yesterday
Yesterday's Low / High
$0.993 /
$1.00
Yesterday's Open / Close
$0.9961 /
$0.9949
Yesterday's Change

0.12%

Yesterday's Volume$11,362.29
HAY Price History
7d Low / 7d High
$0.993 /
$1.01
30d Low / 30d High
$0.993 /
$1.04
90d Low / 90d High
$0.9834 /
$1.46
52 Week Low / 52 Week High
$0.9834 /
$1.46
All Time High
Aug 24, 2022 (a month ago)
$1.46
31.90%
All Time Low
Aug 24, 2022 (a month ago)
$0.9834
1.14%
HAY ROI
No Data
HAY Supply
Circulating Supply29,729,830 HAY
Total SupplyNo Data
Max SupplyNo Data