I have mentioned this project before; it's a bit niche and hasn't raised funds, so I didn't dare to invest too heavily. Yesterday, it raised $1.5 million, so now I feel more at ease. Today, I'll write a more detailed tutorial (with accompanying images later).
Hylo is a DeFi project on the Solana blockchain; it's relatively niche, and I won't elaborate much on its features and vision. The main focus is to complete tasks to earn airdrops.
First, you need to download the Phantom wallet, which is the officially recommended wallet for Solana, and you can find it in the Google Store. After creating the wallet, transfer SOL from the exchange; the amount is up to you, but it's suggested not to transfer too much.
There are three deposit options; two of them are stablecoins, hyUSD and sHYUSD, which offer 5x and 1x points respectively. The other is xSOL, which is 2-4x leveraged long on SOL, carrying the highest risk, hence it offers 20x points. I deposited this option. If you are also bullish on SOL, you can deposit this, and any gains or losses are your own responsibility.
I currently have two accounts with a total of 300 U, earning 5000 xp per day. My current strategy is a mixed bottom guarantee; there are a total of 8 stages for project levels. Once I upgrade one account to the first or second stage, I withdraw the funds to deposit in the next account.
