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August 7, 2025 – Hylo, an innovative suite of Decentralized Finance (DeFi) products on the Solana blockchain, today announced the successful close of its $1.5 million seed funding round. The round was led by Robot Ventures, with significant participation from Colosseum and Solana Ventures, signaling strong investor confidence in Hylo’s mission to build a robust, independent, and scalable DeFi ecosystem.
This strategic investment will accelerate Hylo's development efforts and expand its team as it continues to build out "DeFi Native Money" on Solana. Hylo's unique approach focuses on creating financial instruments that are entirely self-contained within the blockchain, free from reliance on traditional financial infrastructure.
"We are incredibly excited to welcome Robot Ventures, Colosseum, and Solana Ventures to the Hylo family," said a spokesperson for Hylo. "Their support is a powerful validation of our vision and the groundbreaking work our team is doing to redefine financial primitives on Solana. This funding empowers us to push the boundaries of decentralized finance, offering truly permissionless and secure products to the market."
Hylo's core offering revolves around two symbiotic tokens designed to enhance liquidity and capital efficiency within the Solana ecosystem:
- hyUSD: A decentralized stablecoin uniquely backed by Solana liquid staking tokens (LSTs). This innovative collateral mechanism allows hyUSD to harness network yield, providing a stable asset that is decentralized and independent of real-world assets.
- xSOL: A tokenized asset that enables long-term leveraged exposure to SOL. xSOL provides a capital-efficient way for users to gain amplified returns on their Solana holdings.
The protocol is built upon guiding principles that prioritize the integrity and future of decentralized finance:
- Solana Native: Engineered for high performance, seamless composability, and scalability within the Solana DeFi landscape.
- Decentralized: By utilizing LSTs as "on-chain bonds," Hylo avoids reliance on centralized collateral, ensuring true decentralization.
- Permissionless: The protocol operates autonomously, eliminating the need for fund managers, third-party trading dependencies, or trust gaps.
- Secure: Stability is maintained through financially incentivized risk management mechanisms, guaranteeing slippage-free liquidity for both hyUSD and xSOL at all times.
The fresh capital will be instrumental in advancing Hylo’s product roadmap, enhancing its underlying protocol, and strengthening its position as a leader in Solana’s burgeoning DeFi space. This includes further development of its collateral pool mechanism, robust risk management frameworks, and security measures to ensure a resilient and reliable platform for users.
About Hylo:
Hylo is a suite of Decentralized Finance (DeFi) products on the Solana blockchain, engineered for scalability and independence from traditional financial infrastructure. It introduces an innovative decentralized stablecoin system consisting of hyUSD, a stablecoin backed by Solana liquid staking tokens (LSTs), and xSOL, a tokenized asset enabling long-term leveraged exposure to SOL. Hylo is committed to building secure, permissionless, and truly decentralized financial primitives.About Robot Ventures:
Robot Ventures is a venture capital firm focused on investing in early-stage cryptocurrency and blockchain companies. They are known for their deep expertise and strategic support for projects building foundational infrastructure in the decentralized ecosystem.About Colosseum:
Colosseum is a venture fund and accelerator program dedicated to fostering the next generation of builders in the Solana ecosystem. They provide capital, mentorship, and resources to promising projects looking to innovate on Solana.About Solana Ventures:
Solana Ventures is the strategic investment arm of Solana Labs, dedicated to supporting the growth and development of the Solana blockchain ecosystem. They invest in projects across various sectors, including DeFi, NFTs, and gaming, that contribute to the network's expansion and adoption.Compiled by CMO Intern team
