.Helio_Money reduces $HAY borrowing rates to zero, partners with FraxFinance and announces NFT-based promo campaign Helio
Helio Protocol, a multi-product decentralized lending/borrowing protocol, scores crucial partnerships and invites its users to take part in an NFT promo and release of a new stablecoin.According to the official announcement shared by representatives of, it temporarily reduced borrowing rates for all users who collateralize Binance Coin to zero. Starting from April 22, 2023, they can borrow HAY stablecoins soft-pegged to the U.S. Dollar, paying zero commissions.
This offering becomes possible thanks to the specifics of liquid staking for Binance Coin by Helio Protocol users. The platform earns real yield on all BNB collateral and distributes rewards to HAY stakers and liquidity providers. That is why, even with zero interest on collateral, Helio Protocol is able to incentivize its customers and liquidity providers in a sustainable manner. With more liquidity injected, this mechanism becomes even more attractive and profitable for the average investor.
The partnership program will include various massive technical and marketing activities, joint promo campaigns and so on. However, the joint liquidity initiatives of the two teams will be in focus for Helio Protocol and Frax Finance — namely, on mainstream multi-chain DeFi protocols Wombat Exchange and Thena Fi . More details of this integrations will be confirmed shortly.
Also, Helio Protocol becomes the launch partner of high-performance DeFi platform USDFi. This service promotes itself as a decentralized banking protocol with liquidity-providing tools, a native decentralized stablecoin and lending/borrowing module.
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