What is a HELOC loan?

A HELOC loan, or a home equity line of credit, is a type of revolving credit backed by the equity you currently have in your home. Unlike a home equity loan, (or a second mortgage), which is a loan issued in a lump sum at a fixed rate of interest, a HELOC gives you access to as much credit as you need, whenever you require it, like a credit card.

What is Helio protocol?

Helio Protocol functions as the new open-source liquidity protocol for earning yield on collateralised BNB/ETH/Stablecoins and borrowing our decentralised stablecoin, HAY, also known as a "Destablecoin" It uses and expands the proven MakerDAO model for a decentralised, unbiased, collateral-backed destablecoin.

What can Helio do for You?

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. Borrow HAY. Farm HAY.

What is a loan shark?

A loan shark is a slang term for predatory lenders who give informal loans at extremely high interest rates, often to people with little credit or collateral. Because these loan terms may not be legally enforceable, loan sharks have sometimes resorted to intimidation or violence in order to ensure repayment.