Loan-to-Value (LTV)

HAY is an over-collateralized destablecoin with a Loan-to-Value (LTV) of ~66% or a collateral ratio of ~152%. For instance if users were to deposit ~$100 USD worth of BNB, they are only able to mint ~66 HAY at maximum. In essence, the HAY market cap will never surpass its total collateral staked in the protocol (BNB marketcap).

As of 08/01/2022	Helio Protocol	MakerDAO	Aave	Compound
Collateral	BNB	ETH
Collateral Total Market cap	~$43B	~$187B
Collateral in Protocol (% of Total Market cap)	~$2.2B (~5%)	~$2.4B (~1.3%)	~$900MM (~0.5%)	~$829MM (~0.4%)
Loan-to-Value (LTV) / Collateral Ratio	~66% LTV (~152%)	~66% LTV (~152%)	~80% LTV (~125%)	~80% LTV (~122%)