Hylo Completes $1 Million Strategic Financing Led by Solana Ventures

The leveraged yield protocol Hylo has announced the completion of a $1 million strategic financing round, led by Solana Ventures, with participation from Colosseum. Other investors include Helius co-founder and CEO Mert Mumtaz, Jupiter COO Kash Dhanda, SwissBorg CTO Nicolas Rémond, Temporal co-founder warlord cavius i, Temporal core developer frank, and DPPP Agency founder Dr. Peepee. Hylo stated that this is Solana Ventures' second investment in Hylo and Colosseum's third investment. In the future, Hylo plans to expand leveraged tokens to more asset classes, launching products covering 3x leveraged crypto assets, yield-bearing assets, stocks, and commodities, centered around the stablecoin hyUSD and its yield infrastructure to meet the needs of different investment strategies and risk preferences.

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