Introducing StableHodl: an on-trend yield generation protocol powered by HeLa
As HeLa Mainnet is near, HeLa launched its staking protocol — StableHodl — as the first move towards fulfilling HeLa’s mission of mass adoption in Web3 space.
Introducing StableHodl
StableHodl is a unique Stablecoin Yield Generation platform powered by HeLa Network. StableHodl leverages funding arbitrage within crypto exchanges to optimize returns and generates sustainable yields, rewards stakers with HLUSD, the native stable coin of HeLa network.
With the rise of Ethena who called itself an internet bond and generates yield for the holders of its token USDe, the market shows the demand for high yield generation platform, or stable coin yield generation protocol to be exact. At the time this article is written, Ethena gained 2,24B in TVL with APY reaching more than 37%. Before Ethena, Midas, Mountain Protocol, Ondo Finance etc are all stable coin-fuelled staking protocol that received considerable attention from crypto natives.
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StableHodl: when internal strengths meets market demand
As the demand is soaring, StableHodl brings a yield bearing protocol to market— earning stable coin together with Boosted points program. Users can now stake stable coin (USDT/USDC etc.) and earn HLUSD — the native stable coin of HeLa chain. With stable coin used for both staking and rewarding, StableHodl eliminates the price volatility of holding crypto assets. This also provides users with a source of liquidity in stable coin — the “fiat” of crypto, which enables users access to more good deals in the space.
Regarding APY, StableHodl shows a positively high yield in the testing stage lasting 8 weeks. StableHodl yield shows APY results of 26% and 49% for February and March respectively. This is net number that will go to users who stake. Stakers who stake on StableHodl before HeLa Mainnet will be able to claim their staked principal and rewards in HLUSD on HeLa mainnet.
The whole process of staking and earning is made simple and accessible to all users with no-minimum amount required policy and user-friendly UI. StableHodl also introduces Boosted point program to create extra incentives for community. These Boosted point will play a important role in StableHodl upcoming plans, and in HeLa network as well.
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Coming plan & How to join StableHodl
Stablehodl is now having a mini game: “Guess the Yield” on its website and X. User who get the right number of the Yield APY generated by StableHodl last week, post and share answer on X, will receive a special reward on HeLa Mainnet.
StableHodl will open the 1st Pool on Thursday, April 11th, 2:00 UTC time for close partners and advisors. After that will come the second Pool for Atlantia community in 24 hours, opening Friday, April 12th, 2:00 UTC.
StableHodl team will also join and host multiple talk show, AMA and events with HeLa Chain community and more than 200 partners in the ecosystem.
Embark on this exciting journey with StableHodl and become a part of our community here:
About HeLa Chain and HLUSD — native stable coin on HeLa
What is HeLa?
HeLa is an Alternative Layer 1, focusing on Modularity for scalability and Parallel execution to deliver high TPS. It uses its native stablecoin HLUSD for gas fee, delivering stable and predictable transaction cost for users of its chain.
Partnering with A*Star Singapore’s IHPC to develop the blockchain has enabled HeLa to focus on growing its technology and ecosystem in the innovative DeFi sector as well as bringing blockchain technology to the gaming space. Look out for exciting announcements coming from HeLa network
What is HLUSD?
HLUSD (HeLa USD) is a stablecoin pegged to the U.S. dollar. It serves as the native currency within the HeLa blockchain network, backed by off-chain reserves of fiat currency and on-chain stablecoins.
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