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NewsHelio Protocol to Use New $ankrBNB as Collateral to Mint $HAY

Helio Protocol to Use New $ankrBNB as Collateral to Mint $HAY

Dec 03,2022,04:22

Helio Protocol, the issuer of the overcollateralized stablecoin $HAY, tweeted that Ankr will be buying as much of the excess $HAY minted from the discounted $aBNBc to be burnt. And Ankr will be covering Helio Protocol's bad debt as a result of this exploit. In addition, Helio Protocol will use the new $ankrBNB instead of the existing $aBNBc as collateral to mint $HAY.

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