Proposal for Helio Protocol Destablecoin ($HAY) Syrup Pool and Farms

PancakeSwap Welcomes Helio Protocol Destablecoin ($HAY) to Syrup Pool Again!

Dear CAKE holders, we’re proud to announce a new Syrup Pool with Helio Protocol!

Helio Protocol is an open-source liquidity protocol for borrowing and earning yield on HAY, which is a “destablecoin” over-collateralized with liquid staked assets.

Users can mint HAY by depositing BNB or BUSD tokens on the Helio Protocol App.

The Syrup Pool:

Stake CAKE tokens to earn HAY tokens!

• Total Tokens: 30,000 HAY
• Distribution duration: 45 days
• Start time: To be announced
• Finish time: 45 days after Start time
• Token rewards per block: 0.02314 HAY

The start time of the Syrup Pool will be announced at least 24 hours prior on our social media channels.

Max Stake per Wallet:

100 CAKE for the first 48 hours of the Syrup Pool.

The cap is to give everyone an equal opportunity to farm rewards at a high APY.

The Farm:

In conjunction with the Stake CAKE, Earn HAY Syrup Pool, we’ll be providing BNB-HAY (0.25%), BTCB-HAY (0.25%), and ETH-HAY (0.25%) v3 farms. The Farms will start at the same time as the Syrup Pool, to be announced at least 24 hours prior on our socials.

The BNB-HAY farm will have 8.5x CAKE rewards, while the BTCB-HAY and ETH-HAY farms will each have 5x CAKE rewards for the 45-day period. The duration and multipliers of the farms may be adjusted to optimize CAKE emissions, but the aggregate CAKE emitted to Helio Protocol farms will remain the same.

During and at the end of the 45-day period, the Farms will be re-adjusted to a lower or zero multiplier unless the following metrics are comparable with other farms of a similar multiplier: average daily volume, 14-day volume, unique token holders on BNB Chain, and there are no fundamental token issues or concerns related to users’ safety and security.

What is a “destablecoin”?

From the team: “Destablecoin is a new type of asset class within the crypto space that seeks to label a more accurate term in the current stablecoin landscape.

The prefix “de-” stands for decentralized - it does not signify price volatility the way assets such as BTC experience, but serves to distinguish itself from legacy stablecoin products such as BUSD and USDC that are controlled by a centralized custodian. In contrast, destablecoins utilize decentralized, liquid-staked crypto assets as collateral to achieve maximum capital efficiency while staying fully collateralized and asset backed.

Using the term “destablecoins” also signals the underlying risk of stablecoins and encourages users to invest more responsibly. It will allow for some price fluctuations as regular fiat-currencies would experience with varying reference rates and interest rate parities as defined by the open market.”

What is $HAY?

From the team: “HAY is Helio Protocol’s new destablecoin. Its use cases include borrowing HAY by depositing BNB or BUSD as collateral in the protocol, liquidity mining on LP DEXes, and as a means of payment to transfer value for goods & services. Users can also enjoy ~5.5% APR by staking HAY with the protocol.

A step-by-step guide on how to interact with HAY can be found here”

To learn more, visit the project’s official channels:

• Website: https://helio.money/
• App: https://helio.money/app/loans/
• Medium: https://medium.com/@Helio-HAY
• Twitter: https://twitter.com/Helio_Money
• Telegram: https://t.me/helio_money
• Telegram CN: https://t.me/HeliomoneyCN
• Discord: https://discord.com/invite/k5JZVQYpUn
• Audits: https://docs.helio.money/security/

How do you stake CAKE to earn $HAY rewards?

Follow this guide to staking in Syrup Pools:

https://docs.pancakeswap.finance/products/syrup-pool/syrup-pool-guide

⚠️⚠️⚠️BEWARE OF FOOD POISONING⚠️⚠️⚠️💀

The official HAY token contract address on BNB Chain is:

https://www.bscscan.com/token/0x0782b6d8c4551B9760e74c0545a9bCD90bdc41E5

​Any other HAY token will be a scam. Always verify the token address before buying tokens. If you receive a HAY token airdrop from another address, it’s probably a scam, and we advise you to ignore it.