Debt Ceiling
HAY will have a maximum minting cap, which is set at 5% of the collateral’s total market cap (BNB) for the initial launch and subject to change upon late stage once DAO governance is introduced. To maintain a sustainable growth upon launch, there will be a smaller initial minting cap, this will increase in increments until the maximum minting cap of 5% of the total BNB market cap, this will be controlled by the Helio Protocol initially.
As of 8/1/2022 | Helio Protocol (HAY) | MakerDAO (DAI) | TronDAO (USDD) | TerraClassicUSD (USTC) |
Maximum Mint Cap | Yes | Yes | Yes | No |
Mint cap Mechanism | Centralized Control initially (Transition to DAO governance later) | Centralized Control | None, Mint-and-burn mechanism (USTC & LUNC) | |
Total Stablecoin/ Destablecoin Minted Supply | - | ~$7.5B | ~$724MM | ~$353MM |
Total Stablecoin/ Destablecoin Minting cap | ~5% BNB market cap | None |
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