About Airdrop
Hylo is a decentralized finance (DeFi) protocol built on the Solana blockchain, designed to offer scalable and independent financial products. It introduces a dual-token system: hyUSD, a stablecoin pegged to the US dollar and backed by Solana liquid staking tokens (LSTs) like mSOL and JitoSOL, and xSOL, a synthetic asset providing long-term leveraged exposure to SOL without liquidation risks.
Unlike traditional stablecoins, Hylo avoids reliance on fiat or real-world assets, using LSTs as “on-chain bonds” to capture staking yield. This ensures a fully decentralized, permissionless, and secure system.
Hylo’s architecture emphasizes Solana’s high throughput and low fees, enabling slippage-free minting and redemption. Its risk management, driven by Value-at-Risk (VaR) modeling, maintains stability without oracles or external dependencies. Since its private beta, Hylo has achieved $8M in Total Value Locked (TVL) and raised $1.5M in investments, reflecting strong early traction. The protocol’s composable design integrates seamlessly with Solana’s DeFi ecosystem, offering tools for yield generation and leveraged exposure.
Hylo’s Season 0 XP Farming Airdrop rewards users for holding protocol assets, fostering engagement and growth. Participants earn XP points by holding hyUSD, sHYUSD (staked hyUSD), or xSOL, with multipliers boosting rewards. Notably, xSOL holders receive a 20x boost, hyUSD holders get a 5x boost, and sHYUSD holders earn a 1x boost with 20% APY. XP points track activity and may influence future governance or rewards, making early participation valuable.
Follow our complete and simple step-by-step guide to participate!
Step-by-step guide
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Visit Hylo Dapp page and connect your Solana wallet.
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Choose an XP farming method based on your preference (options are flexible for future changes).
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Stake hyUSD in the Stablecoin tab to earn a 5x XP boost.
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Optionally, stake hyUSD in the Earn tab for sHYUSD, gaining a 1x XP boost and 20% APY.
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Purchase xSOL in the Leverage tab for a 20x XP boost and 2-3x leveraged SOL exposure.
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Track your XP progress in the XP tab and invite friends to boost your rank.