The open-source liquidity provider Helio Protocol has migrated a total of $3.5M of seed liquidity from HAY staking to Wombat Exchange to further boost the APR for the two pools as well as strengthen its position in the DeFi space.
Helio Introduces New Pools on Wombat
Helio Protocol has shared the details of its next phases of partnership with Wombat Exchange as part of a key strategic development in its journey.
Recently, the lending protocol has announced taking its step in phasing out HAY single staking and migrating existing liquidity from HAY single staking to HAY pools on Wombat Exchange.
According to Helio, these moves will offer users enhanced liquidity options, and attractive Annual Percentage Rates (APRs), and strengthen the partnership between the protocol and Wombat Exchange.
Helio Protocol is a decentralized over-collateralized lending and liquid staking platform that is designed for borrowing and earning yield on HAY, a type…
