🔸 Early Project Sharing - Hylo @HYLO_SO is a Defi protocol on Solana, which just announced the completion of a $1.5 million seed round led by Robot Ventures. I briefly browsed the Twitter page of this project and found that many Solana OG and ecological project builders are involved. It seems like another 'dark horse'? Then I collected some data that I am more concerned about. The start time of the points program is 07/17, which marks the beginning of the S0 season, so it can be said that this is a very early stage. TVL: $11 million... slightly less, but it's still acceptable. Number of users: No real-time user data was found, but Hylo tweeted on 07/23 that the number of users has reached 9.6k, and currently it has probably exceeded 10000 addresses. Hylo has two Defi products: hyUSD and xSOL. HyUSD is a stablecoin, sHYUSD is its pledged version, and currently can earn 19% APY returns. XSOL is a leveraged token of SOL, buying it is equivalent to gaining an exposure to 'leveraged long SOL'. Therefore, there are three specific ways of participation ▪️ Buy and hold xSOL, 20x points multiplier: https://hylo.so/leverage ▪️ Holding hyUSD, 5x points multiplier: https://hylo.so/stablecoin ▪️ Holding sHYUSD, 1x points multiplier: https://hylo.so/earn