Helio Protocol is bringing the heat this summer with LSTFi. It is merging with Synclub, a group that provides on-chain, staking services with its self managed validator node on the BNB Chain.
DeFi has been under pressure for years, but 2023 is the year of DeFi Summer, according to Helio Protocol.
LSTFi is the driving force behind the next phase of the DeFi revolution, and Helio Protocol is pushing the development cycle forward with its Synclub merger. By the end of this year a foundation that is in charge of both projects' revenues and operations will be in place.
In the event the foundation launches a governance token, it governs both entities. Keep an eye out for the foundation's launch under a new and exciting name.
The DeFi Dilemma is Gone
Crypto Twitter is alive with LSTFi, and crypto users are excited about liquid staking. Now, stakers can earn a return on their assets, and there is no need to lock them up for long amounts of time. Liquid staking means that you can stake your assets, and use them on the markets at the same time.
LSTFi is making the DeFi Summer red-hot, and Helio is going to keep the fire of DeFi Summer going well into the future with its new tie-up. Synclub brings value to the new entity with its staking node, and experience with the BNB ecosystem. Together, Helio and Synclub are creating a critical mass in the global LSTFi space.
As a part of the new partnership, Helio Protocol will modify its current over-collateralized lending model. With these changes, it will fully harness the power of liquid staking tokens, and HAY will create higher yields. Numerous BNB and non-BNB LSTs will be added going forward.
The Core of Liquid Staking
With the new partnership between Helio Protocol and Synclub, a core driver of the LSTFi space is in the making. Many people are still wary of DeFi, after the rough end to 2021, and numerous problems in 2022. Now, LSTFi is making DeFi popular again, and there needs to be an industry leader in the space.
Helio Protocol and Synclub are well placed to lead the LSTFi revolution, and make a lasting impact on deep LSTFi adoption globally. Although rates have risen in the legacy financial system, there is still room for financial innovation in the DeFi space.
People want to have more access to innovative financial tools, and based on the current view of LSTFi, it will be the next big thing in the world of DeFi. With almost no limits to how these tools can be used, crypto traders and investors have a broad range of options in the LSTFi arena.
The Future is Decentralization
There is no doubt that people globally want DeFi, and more options when it comes to how they save and invest. DeFi allows people to connect with a global capital marketplace that is booming. With new investment tools like LSTFi, there are far fewer limits on how capital can move, and where people can deploy their assets.
Helio Protocol and Synclub are well placed to make an outsized impact on how the marketplace develops, and empower developers with a solid foundation to build on. For investors, the tie-up is equally attractive, as both companies are proven operators in the space.
LSTFi is a new technology, which gives Helio Protocol and Synclub a first-mover advantage. By using Binance's blockchain costs are near-zero, so users get the most from their transactions. Keep an eye on this new organization, as it will be making moves in the LSTFi for the rest of 2023, and likely for decades to come.
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