The liquidity yield protocol Helio Protocol will merge with Synclub and establish a foundation by the end of the year

ChainCatcher news, the liquidity yield protocol based on BNB Chain Helio Protocol announced a strategic merger with staking infrastructure provider Synclub. The two parties will establish a new foundation by the end of the year, responsible for overseeing the revenue and operations of both projects. If a governance token is launched, it will serve as the governance entity for the two projects under the foundation.

It is reported that this merger aims to position Helio Protocol at the forefront of LST and stablecoin innovation, with upcoming plans including various LST collateral options, enabling HAY to be accessible across multiple blockchains, and introducing innovative use cases for HAY and SnBNB.