2min chapter

The Defiant - DeFi Podcast cover image

Weekly Recap: SBF's Publicity Tour

The Defiant - DeFi Podcast

CHAPTER

Is Helios a Liquid Staking Token?

Helios had basically hard-coded the value of this, what's it called, A, B, B, C, 2 BNB. But now that token is essentially worthless because it's been dumped to zero. And anchor says the underlying assets are safe. So I'm not sure what their plan is to kind of reconstitute and make users whole. Given that it's $5 million, I think anchor as an entity should be able to withstand the hit.

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