Hylo raises $1M in strategic round led by Solana Ventures

Hylo, a decentralized finance protocol built on Solana, has closed a $1 million strategic funding round led by Solana Ventures, with Colosseum also participating. The round closed on October 20, 2026. The money is earmarked for expanding Hylo’s leverage and yield infrastructure on Solana. This is Solana Ventures’ second time backing Hylo. For Colosseum, it is the third. Inside the round and the product lineup The new capital follows a $1.5 million seed round in August 2025. Solana Ventures and Colosseum both took part in that one too. Combined, the two rounds bring Hylo’s total disclosed funding to $2.5 million. Hylo’s pitch rests on two product lines: liquidation-resistant leverage and stablecoins that generate yield. Hylo offers leveraged tokens including xSOL, xBTC, and xHYPE. The xSOL token provides roughly 3x exposure to SOL. Hylo markets its leverage products as resistant to forced liquidation. The protocol has also introduced hyUSD, a stablecoin, along with eHYUSD, a yield-bearing version. From hackathon to hundreds of millions in volume The project earned a top placement in the Solana Radar hackathon in November 2024. Colosseum is closely tied to that pipeline, running hack...