what's xsol?
Hylo is a DeFi protocol built on the Solana blockchain, designed to provide users with innovative financial primitives for leveraged exposure and yield generation without traditional risks. Its core offering, xSOL, is a tokenized asset that delivers variable 2-3x leveraged long exposure to SOL, automatically rebalancing to maintain leverage while eliminating liquidation events and ongoing funding costs. This allows users to participate in SOL's price movements with amplified returns, integrated seamlessly into Solana's ecosystem for composability with other protocols. Complementing xSOL, Hylo introduces hyUSD, a fully collateralized stablecoin backed by over-collateralized reserves, enabling users to earn yields through staking mechanisms like sHYUSD. The protocol emphasizes on-chain transparency, with all collateral and redemptions auditable, and supports broader DeFi integrations such as lending, trading, and liquidity provision across platforms like Exponent Finance and RateX. Hylo's design leverages Solana's high throughput to facilitate efficient, low-cost operations for leveraged trading and stablecoin utility.
xSOL is Aave collateral on X Layer, enabling USDT borrowing.
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xSOL is supported as a collateral asset on Aave following its launch on X Layer, enabling users to supply xSOL and borrow USDT against it.
Loopscale offers 17% APY on xSOL deposits with additional loopscale points.
ExponentFinance offers 63% fixed rate on xSOL long positions with 14 days remaining until expiry.
Hylo reaches $100M TVL milestone growing from $5.6M in three months, with xSOL market cap at $26.9M across 21.7M tokens. The protocol introduces new liquid staking derivatives $hyloSOL and $hyloSOL+ holding over 165K SOL and yielding up to 18.53% APY, while onchain revenue surpasses $1M by November with daily peaks of $33K.
xSOL redemption becomes expensive when SOL drops below approximately $158, while minting becomes cheaper at that price point, and hyUSD redemption remains cheaper overall.
xSOL farming is available on RateX_Dex, a leveraged synthetic yield trading platform.
Operates Season 0 with XP progression tiers including Quant and Hylord ranks, listed among Solana projects with point systems or farming opportunities for 2026 by minting and holding xSOL, hyUSD, and sHYUSD.
The protocol currently offers 13% APY, compared to the 16% yields on the stability pool reported on October 18.
The addition of xSOL, hyUSD, and sHYUSD on Loopscale Labs drove deposits up by more than $5M within a day.
Loopscale integration enables xSOL borrowing against sHYUSD for creating leveraged short positions.
xSOL is a leveraged SOL token in Hylo protocol's 2-token system (with hyUSD stablecoin) backed by jitoSOL collateral, with Colosseum as an investor. The protocol offers 16% yields on its stability pool with 0.1% entry fees and 0.1-0.3% redemption fees.