Stablecoin Information
hyUSD is a USD-soft-pegged stablecoin backed by liquid staking tokens (LSTs) and stabilized through a dual-token system with xSOL, liquidation mechanisms, and a stability pool.
Category:crypto-backed
Minting and Redemption
Users mint hyUSD by depositing supported LSTs into Hylo's collateral pool, and redeem it by burning hyUSD to withdraw an equivalent amount of collateral.
Audits:
Stablecoins Usage by Chain
| Name | Bridge | |||||
|---|---|---|---|---|---|---|
| 0.00% | +0.24% | +2.95% | +30.90% | 17.52m |