Hello, Satoshi clubbers Another AMA took place in Satoshi Club and we would like to introduce to you the AMA session with our friends from Helio Protocol and our guest was . The AMA took place on the 9th of June.<\/p>\n\n\n\n
The AMA session was divided into 3 parts with a total crypto reward pool of $500<\/p>\n\n\n\n
In this AMA Recap, we will try to summarise the most interesting points for you.<\/p>\n\n\n\n
Jonah\n<\/strong>🏅🎹<\/strong> | Satoshi Club<\/strong><\/p>\n\n\n\n Hello Dear\nSatoshi Clubbers Welcome to our AMA session with Helio Money <\/p>\n\n\n\n Gold\nRocket | Satoshi Club<\/strong><\/p>\n\n\n\n Greetings,\ndear Satoshi Club community! We are pleased to announce AMA with Helio Protocol<\/p>\n\n\n\n Jonah\n<\/strong>🏅🎹<\/strong> | Satoshi Club<\/strong><\/p>\n\n\n\n Our guest\ntoday is @Helio_Hayman<\/p>\n\n\n\n Helius<\/strong><\/p>\n\n\n\n Hey everyone!\nVery happy to be here talking a little bit more about Helio<\/p>\n\n\n\n Jonah\n<\/strong>🏅🎹<\/strong> | Satoshi Club<\/strong><\/p>\n\n\n\n We are happy\nto have you here, welcome to Satoshi Club <\/p>\n\n\n\n How are you\ndoing today?<\/p>\n\n\n\n Gold\nRocket | Satoshi Club<\/strong><\/p>\n\n\n\n Nice to\ne-meet you welcome to Satoshi club<\/p>\n\n\n\n Helius<\/strong><\/p>\n\n\n\n Thank you!<\/p>\n\n\n\n I\u2019m great!\nHope you are all having a good day as well<\/p>\n\n\n\n Jonah\n<\/strong>🏅🎹<\/strong> | Satoshi Club<\/strong><\/p>\n\n\n\n Yes, and we\nare excited and looking forward to an awesome time with you here<\/p>\n\n\n\n Gold\nRocket | Satoshi Club<\/strong><\/p>\n\n\n\n We are also\nreally excited about upcoming AMA with you <\/p>\n\n\n\n Helius<\/strong><\/p>\n\n\n\n Let\u2019s get\nstarted <\/p>\n\n\n\n Gold\nRocket | Satoshi Club<\/strong><\/p>\n\n\n\n Let’s start\nwith the introduction to warm up.<\/p>\n\n\n\n Helius<\/strong><\/p>\n\n\n\n Sure!<\/p>\n\n\n\n Gold\nRocket | Satoshi Club<\/strong><\/p>\n\n\n\n Tell us\nplease about your position in Helio Protocol<\/p>\n\n\n\n Helius<\/strong><\/p>\n\n\n\n I\u2019m Helius<\/strong>, the co-founder of Helio Protocol (https:\/\/helio.money\/)<\/p>\n\n\n\n My background\nis in traditional finance but I have made the move to DeFi a few years ago now<\/p>\n\n\n\n Gold\nRocket | Satoshi Club<\/strong><\/p>\n\n\n\n very good\nstep<\/p>\n\n\n\n Give us a\nbrief introduction to the project. What is the essence of Helio Protocol<\/p>\n\n\n\n Jonah\n<\/strong>🏅🎹<\/strong> | Satoshi Club<\/strong><\/p>\n\n\n\n Your stickers\nlook Amazing <\/p>\n\n\n\n Helius<\/strong><\/p>\n\n\n\n The\nHelio.Money protocol, powered by the BNB chain, introduces an innovative\narchitecture to stablecoin minting. Helio’s stablecoin is called HAY, and it is\nover-collateralized with BNB tokens. <\/p>\n\n\n\n To obtain\nHAY, the user will need to provide BNB collateral and borrow HAY against it.\nAfter that, HAY can be staked for long-term yield and transferred to other\nprotocols to generate additional yield. <\/p>\n\n\n\n HAY is\nover-collateralized, making its peg highly secure and comparable to the MakerDAO\nDAI token.<\/p>\n\n\n\n thank you!<\/p>\n\n\n\n Jonah\n<\/strong>🏅🎹<\/strong> | Satoshi Club<\/strong><\/p>\n\n\n\n How many\npeople do you currently have on your core team?<\/p>\n\n\n\n Gold\nRocket | Satoshi Club<\/strong><\/p>\n\n\n\n Well … We\ncan see that you want to revolutionize the industry<\/p>\n\n\n\n Helius<\/strong><\/p>\n\n\n\n We are a team\nof around 8-10 people<\/p>\n\n\n\n Gold\nRocket | Satoshi Club<\/strong><\/p>\n\n\n\n Is your team\nanonymous?<\/p>\n\n\n\n Helius<\/strong><\/p>\n\n\n\n Yes it is<\/p>\n\n\n\n Gold\nRocket | Satoshi Club<\/strong><\/p>\n\n\n\n Tell us\nplease about the benefits of Helio.Money protocol. How is it different from\nothers?<\/p>\n\n\n\n Helius<\/strong><\/p>\n\n\n\n We differ\nfrom other stablecoins such as UST since we are over-collateralized by BNB\nassets and UST is algorithmic <\/p>\n\n\n\n And we are\ndifferent from other stablecoins such as USDT as we have low gas fees since we\nare using BNB and not Ethereum – this makes everything more accessible <\/p>\n\n\n\n Jonah\n<\/strong>🏅🎹<\/strong> | Satoshi Club<\/strong><\/p>\n\n\n\n Thank you for\nthe introduction <\/p>\n\n\n\n Gold\nRocket | Satoshi Club<\/strong><\/p>\n\n\n\n Sounds good <\/p>\n\n\n\n Helius<\/strong><\/p>\n\n\n\n Thanks!<\/p>\n\n\n\n Gold\nRocket | Satoshi Club<\/strong><\/p>\n\n\n\n Thanks for\nyour great intro<\/p>\n\n\n\n We have some\nquestions from our community for part one. Are you ready<\/p>\n\n\n\n Helius<\/strong><\/p>\n\n\n\n Of course!\nLet\u2019s do it!<\/p>\n\n\n\n Jonah\n<\/strong>🏅🎹<\/strong> | Satoshi Club<\/strong><\/p>\n\n\n\n Q1 from Telegram User @Danylko_UA<\/em><\/p>\n\n\n\n Hello Helio Protocol Team!<\/em><\/p>\n\n\n\n Apart from the stablecoin ($HAY), I understand that the platform has a governance token ($HELIO token). In this course, clearly highlight the various use cases of the $HELIO token within and outside your platform. What is the connection between the $HAY and $HELIO tokens? Give details on how to go about staking these tokens: what is the minimum required number of Stackable tokens? What APY is tied to staking\/farming $HAY and $HELIO tokens? How will you ensure that the volatile coin ($HELIO) will maintain value regardless of the unfavourable crypto market situations attimes? Are there token burn\/buy back functions?<\/em><\/p>\n\n\n\n Helius<\/strong><\/p>\n\n\n\n This is a\ngreat question! I\u2019ll answer it in a few parts<\/p>\n\n\n\n After\nproviding BNB as collateral you will be able to borrow $HAY which is Helio\nProtocol\u2019s stablecoin. When you mint $HAY, you also earn $HELIO tokens that\noffset $HAY\u2019s borrowing fees. <\/p>\n\n\n\n When you\nstake $HAY, you can expect around 15% of sustainable APY. At the moment $HELIO\nis not stackable, we plan to integrate that in the future<\/p>\n\n\n\n You can learn\nand see how the staking will work on our testnet that is live now:\nhttps:\/\/testnet.helio.money\/app\/farming<\/p>\n\n\n\n Helius<\/strong><\/p>\n\n\n\n HAY yield\ncomes from Helio\u2019s revenue pool, which is derived from HAY\u2019s borrowing interest\nand collateral being staked by Helio\u2019s protocol.This effectively enables HAY to\nenable yield in a sustainable way since the collateral is mechanically larger\nthan the staked HAY coming from borrowing due to the over-collateralization\nnature of the Helio protocol.<\/p>\n\n\n\n We also plan\nto introduce other utilities for the $HELIO token which includes a democratic\ngovernance by token holders and much more – more announcements to come\nregarding this in the future! <\/p>\n\n\n\n In order to\nensure $HELIO will maintain value regardless of the markets conditions, we have\nlimited the amount of tokens and we will do buy back by governance decision\nwhich is one of $HELIO\u2019s utility, so it can be staked for reward or used for\ngovernance.<\/p>\n\n\n\n Jonah\n<\/strong>🏅🎹<\/strong> | Satoshi Club<\/strong><\/p>\n\n\n\n What\nproportion of $HELIO does a user get for minting $HAY??<\/p>\n\n\n\n Gold\nRocket | Satoshi Club<\/strong><\/p>\n\n\n\n share with us\nyour road map please<\/p>\n\n\n\n Helius<\/strong><\/p>\n\n\n\n You can find that information in our litepaper: https:\/\/helio.money\/static\/litepaper.pdf<\/a><\/p>\n\n\n\n That is also\non our litepaper <\/p>\n\n\n\n Gold\nRocket | Satoshi Club<\/strong><\/p>\n\n\n\n You read my\nthoughts <\/p>\n\n\n\n Jonah\n<\/strong>🏅🎹<\/strong> | Satoshi Club<\/strong><\/p>\n\n\n\n Thank you for\nsharing this<\/p>\n\n\n\n Gold\nRocket | Satoshi Club<\/strong><\/p>\n\n\n\n Thanks for\nyour great answers<\/p>\n\n\n\n Are you ready\nfor the next question?<\/p>\n\n\n\n Or you want\nto add something?<\/p>\n\n\n\n Helius<\/strong><\/p>\n\n\n\n Yes!<\/p>\n\n\n\n Lets move on<\/p>\n\n\n\n Jonah\n<\/strong>🏅🎹<\/strong> | Satoshi Club<\/strong><\/p>\n\n\n\n Q2 from Telegram User @UniqueVicky<\/em><\/p>\n\n\n\n I read HAY base yield will have two main sources,\u201dborrowing interest\u201d and \u201cyield generated from proof-of-stake\u201d. Can you give detailed explanation of these two main sources of HAY base yield? How does the proof-of-stake work in Helio for generating yield and also the borrowing interest? Also you are planning of using Native tokens of various DeFi protocols to influence rewards emission and also enable other DeFi protocols to build on top of HAY. Can you shed more light on this. How will the native tokens of other DeFi protocols help influence reward emission of Helio? Why do you decide for other DeFi protocols to be build on top HAY?<\/em><\/p>\n\n\n\n Helius<\/strong><\/p>\n\n\n\n Helio protocol has yield mainly from staking and the borrowing interest, this yield by governance decision will be send to the DEX as farming rewards and to buy back Helio token. You can learn more about Helio by reading our litepaper: https:\/\/helio.money\/static\/litepaper.pdf<\/a><\/p>\n\n\n\n At the\nmoment, we are not planning on using any specific native token from other DeFi\nprotocols, if this happens we will announce it on our social media channels\n(linktr.ee\/heliomoney)<\/p>\n\n\n\n Gold\nRocket | Satoshi Club<\/strong><\/p>\n\n\n\n Excellent\nanswers <\/p>\n\n\n\n Jonah\n<\/strong>🏅🎹<\/strong> | Satoshi Club<\/strong><\/p>\n\n\n\n We will keep\nan eye on your channels then <\/p>\n\n\n\n Helius<\/strong><\/p>\n\n\n\n We have a big\nannouncement coming out shortly<\/p>\n\n\n\n And we\nannounced our Do2Earn campaign today<\/p>\n\n\n\n Where you can\nwin 0.01 BNB just by folllowing a few steps and you will be collecting points<\/p>\n\n\n\n Top 100\npeople with the most points win<\/p>\n\n\n\n Gold\nRocket | Satoshi Club<\/strong><\/p>\n\n\n\n give us a\nlink please <\/p>\n\n\n\n Helius<\/strong><\/p>\n\n\n\n