# Hylo

> Better Internet Money

Hylo offers hyUSD, a Solana-backed stablecoin pegged to the US Dollar and overcollateralized with liquid staking tokens.

Hylo manages two Solana tokens: hyUSD, a stablecoin backed by liquid staking tokens, and xSOL, which provides exposure to SOL price movements. The protocol uses automated systems to maintain hyUSD's dollar peg while xSOL absorbs market volatility. Users can deposit liquid staking tokens to mint hyUSD or xSOL based on their risk preferences.

- Type: Company
- Sector: Payments
- Status: Active
- Founded: 2024-02-01
- Profile: https://thegrid.id/profiles/hylo_so

## Products

- [Hylo Protocol](https://thegrid.id/profiles/hylo_so): Hylo Protocol implements automated token management on Solana through LST collateral pools. The system mints hyUSD stablecoins and xSOL leverage tokens based on deposited LSTs. The protocol calculates token prices using direct LST redemption values, controls leverage ratios through dynamic fees, and maintains stability through programmatic risk parameters. (Stablecoin Issuer, In Development, Main Product)

## Assets

- [hyUSD (hyUSD)](https://thegrid.id/profiles/hylo_so): hyUSD is a USD-pegged stablecoin issued by Hylo Protocol on Solana. It is backed by a basket of liquid staking tokens and redeemable for $1 worth of the underlying LST collateral at any time. The token maintains its peg through overcollateralization, with xSOL absorbing SOL price volatility to stabilize the stablecoin's dollar value. (Stablecoin)
- [xSOL (xSOL)](https://thegrid.id/profiles/hylo_so): xSOL is a leveraged token issued by Hylo Protocol representing the residual claim on the LST collateral pool after backing all circulating hyUSD on Solana. It is used by holders seeking amplified SOL price exposure with dynamically adjusted leverage. The token carries no liquidation risk, as the protocol manages leverage through dynamic fees rather than forced position closures. (Synthetic Assets)
- [sHYUSD (sHYUSD)](https://thegrid.id/profiles/hylo_so): sHYUSD is a vault token representing hyUSD deposited in the Hylo Protocol stability pool on Solana. It is issued when users deposit hyUSD into the stability pool, earning a share of protocol fee revenue generated by exchange and stability operations. The token value accrues relative to hyUSD as protocol fees are distributed to stability pool depositors. (Vault Tokens)
- [hyloSOL (hyloSOL)](https://thegrid.id/profiles/hylo_so): hyloSOL is a liquid staking token issued by Hylo Protocol representing SOL staked to the Hylo validator on Solana. It is used to earn staking rewards while remaining liquid for use in DeFi applications. Deposited SOL is staked to a single dedicated validator, providing staking yield to token holders without requiring unstaking or waiting through unbonding periods. (Liquid Staking Tokens (LSTs))
- [hyloSOL+ (hyloSOL+)](https://thegrid.id/profiles/hylo_so): hyloSOL+ is a liquid staking token issued by Hylo Protocol on Solana that redirects staking yield to protocol growth initiatives rather than to token holders. It tracks SOL price at 0% APY, with all staking rewards diverted to hyloSOL depositors. In exchange for forgoing yield, holders receive a 5x XP multiplier within the Hylo protocol rewards program. (Liquid Staking Tokens (LSTs))

## Links

- [Main](https://hylo.so)
- [Whitepaper](https://github.com/hylo-so/WhitePaper-Gitbook)
- [Documentation](https://docs.hylo.so)
- [Twitter / X](https://x.com/Hylo_so)
- [Telegram](https://t.me/hylo_so)
- [GitHub](https://github.com/hylo-so)

## Legal

This data is provided under two licensing models.

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Model 2 - commercial licenses. The Grid Data Service (TGDS) is also available as a commercial license. See [Web Services Terms](https://about.thegrid.id/legal/web-services-terms) for commercial use that is not covered by the open data service.

The following applies to both licensing models.
- All data is provided AS IS with no guarantees of accuracy.
- The Grid does not provide investment, legal, or tax advice, and
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- [Data Licensing & Disclaimers](https://about.thegrid.id/legal/data-licensing-and-disclaimers): Licensing models and disclaimers
- [Open Data (ODbL)](https://about.thegrid.id/legal/open-data): Open Database License terms and scope for The Grid's open data service.
- [Attribution Guidelines](https://about.thegrid.id/legal/open-data-attribution-guidelines): How to attribute The Grid's data when using the open data service.
- [Web Services Terms](https://about.thegrid.id/legal/web-services-terms): commercial Terms for using data services.
- [All Legal Documents](https://about.thegrid.id/legal): Full index of terms, policies, and disclosures

## Optional

- [TGS Field Descriptions](https://github.com/The-Grid-Data/workspace-public/blob/main/references/tgs-field-descriptions.md): Schema field definitions for The Grid's data model
- [TGS JSON Structure](https://github.com/The-Grid-Data/workspace-public/blob/main/references/tgs-json-structure.md): Data model structure and relationships
- [Product Type Definitions](https://github.com/The-Grid-Data/workspace-public/blob/main/references/product-type-definitions.md): Definitions for each product type
- [Product Type Classification](https://github.com/The-Grid-Data/workspace-public/blob/main/references/product-type-classification.md): Guide for classifying products into types
- [Grid MCP Guide](https://github.com/The-Grid-Data/workspace-public/blob/main/grid-search/skills/grid-query/references/grid-mcp-guide.md): How to query The Grid programmatically via MCP