HAY. Price of cryptocurrency: $ 0.97862688

What's the name of the protocol?
The BNB chain has a platform called Helio Protocol. HAY is the protocol's native destable coin and can be used for US $1 worth of BNB. It can be used to borrow HAY at a collateral ratio of 152% and to use BNB as a means of payment to transfer value for goods and services.
The core goal of Helio Protocol is to provide a new form of digital currency that is capital efficient and decentralized.
What makes Hay unique?
HAY is backed by BNB, which is a top L1 token in the market.
HAY wants to represent a new type of asset class. Destablecoin is a new type of asset class that seeks to label a more accurate term in the stablecoin landscape. Destablecoins do not aim to achieve absolute price stability with a currency other than the US Dollar.
There are people in this picture How many HAY token are in circulation?
The maximum mint cap of HAY will be 5% of the total market cap of BNB.

How is the risk managed? There are people in this picture Multiple risk management procedures are in place because of the core focus on risk management and user protection at Helio Protocol. There is sufficient over-collateralization of BNB to tide over a black swan event, which is why the LTV ratio is used.
Users can subscribe to the personalized Liquidation Alert System (LAS), which allows them to be notified via telegram when the threshold is approaching, allowing them enough time to react.
An emergency shutdown mechanism that is smart-contract regulated will be triggered in the event of a "black swan" event.