What it is
Hylo splits LST collateral into two tokens: hyUSD, a dollar stablecoin with no centralized reserves, and xSOL, roughly 2 to 3x leveraged SOL that absorbs losses through dilution instead of liquidation. Stake hyUSD as sHYUSD to earn the yield.
What you can do
hyUSDLST-backed dollar.
sHYUSDStaked hyUSD earning staking yield and fees.
xSOLLeveraged SOL with no liquidation.
eHYUSDDelta-neutral yield asset, since July 2026.
How to get started
- Mint hyUSD with SOL or an LST, or buy it.
- Stake into sHYUSD to earn.
- Or mint xSOL for leveraged SOL exposure.
Risks to know
- xSOL loses value faster than SOL in drawdowns.
- Peg depends on collateral ratio during crashes.
- Smart contract risk.
- Smart contracts can have bugs. Only deposit what you can afford to lose, and check you're on hylo.so before connecting.
Recent updates
eHYUSD launched.
DeFi Development Corp. deployed treasury into hyUSD.
Numbers from DefiLlama, snapshot Oct 18, 2026. Facts checked Oct 19, 2026. This page is educational, not financial advice.
