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:
Stablecoin usage by chain
| Name | Bridge | |||||
|---|---|---|---|---|---|---|
| 0.00% | -0.13% | -2.48% | +0.18% | 24.25m |