Hylo Airdrop: tasks and status

updated 16 Jul 2026
DeFi

About the project

Hylo is a decentralized finance (DeFi) platform built on the Solana blockchain, introducing a dual-token system comprising hyUSD and xSOL.

hyUSD is a stablecoin backed by Solana liquid staking tokens (LSTs), maintaining its peg to the US dollar through a diversified collateral pool. xSOL offers users leveraged exposure to SOL, with its value dynamically adjusting based on the collateral pool's total value and hyUSD supply. Hylo's protocol operates autonomously, without reliance on real-world assets or centralized intermediaries, ensuring permissionless and secure transactions. The platform employs a multi-tiered risk management system, utilizing mechanisms like fee adjustments and a stability pool to maintain a healthy collateral ratio and ensure the stability of hyUSD. Additionally, Hylo's design guarantees slippage-free liquidity for both tokens, regardless of transaction size.

Funding

$1.75M raised · 13 investors

  • Robot Ventures
  • Solana Ventures
  • YTWO
  • Colosseum
  • Anna Yuan
  • Geoff Renaud
  • Chris Heaney (lil perp)
  • Solar
  • Thomas
  • Cupid
  • Matt O'Connor (Matty)
  • loop truitt
  • Sean Hu

Step-by-step checklist

How to qualify for the airdrop Locked

These tasks are available in the CoinDropster dashboard: exact links, progress tracking and deadlines — open the app to see the checklist.

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