Top 5 Hylo Competitors & Alternatives And Similar Dual-Token Stablecoin Projects

Cardano's native overcollateralized stablecoin, developed by IOG and powered by COTI. $DJED is backed by $ADA and uses $SHEN as a reserve coin

Algo-Stables , CDP , Decentralized Stablecoin , DeFi , Dual-Token Stablecoin , Partially Algorithmic Stablecoin

Cardano , Ergo , Milkomeda C1

$12,091,189

1,801

n/a

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f(x) splits ETH into a mix of low-volatility “floating stablecoins” called fETH and high volatility “leveraged ETH” tokens called xETH. Users can supply ETH or stETH to mint either one (pure ETH is zapped into stETH before deposit)

CDP , DeFi , Dual-Token Stablecoin , Partially Algorithmic Stablecoin

BNB Chain , Ethereum

$60,173,010

10,937

n/a

7,991

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Money On Chain is a self-contained DeFi protocol (a stablecoin, HODL token, leveraging mechanism, and more) which empowers Bitcoiners to improve performance of their assets while also retaining full control of their private keys.

Decentralized Stablecoin , DeFi , Dual-Token Stablecoin , Lending , Partially Algorithmic Stablecoin

Rootstock

$65,404,187

6,620

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An overcollateralized algorithmic stablecoin backed by DOGE on dogechain.

CDP , Decentralized Stablecoin , DeFi , Dual-Token Stablecoin , Partially Algorithmic Stablecoin

Dogechain

$4,361

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Djed is an autonomous crypto-backed stablecoin protocol that has been implemented in multiple smart contract programming languages and deployed to multiple blockchains

Algo-Stables , CDP , Decentralized Stablecoin , DeFi , Dual-Token Stablecoin , Partially Algorithmic Stablecoin

Milkomeda C1

n/a

1,801

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