What is Helio protocol & abnbc yield-bearing token?

Additionally, Helio protocol will also deploy the yield-bearing mechanism to allow users to take advantage of their interest-bearing position by borrowing against it. In staking the collateralized BNB in the Helio Protocol, BNB will be automatically converted into aBNBc yield-bearing tokens.

What is Helio protocol?

The protocol aims to be completely decentralized, and will be launching its DAO once the TGE of its governance token, HELIO, is completed. Users who hold HELIO may suggest and vote on proposals brought up by the DAO. The live Helio Protocol price today is $0 USD with a 24-hour trading volume of $0 USD. We update our HELIO to USD price in real-time.

What does Helio do?

The Helio team aims to help promote blockchain technologies into mainstream adoption by incentivising borrowers and stakers to become a part of a new decentraliaed economy of scale. Collateralise BNB.

Does Helio have a debt ceiling?

This includes an initial debt ceiling, meaning a maximum minting cap for HAY with respect to the market cap of the collateral (BNB). Helio has also deliberated and decided on a conservative LTV ratio of 66%, which allows a ~34% buffer for any change in price with respect to BNB collaterals.