Wu Blockchain has learned that Solana ecosystem leveraged token and stablecoin protocol Hylo announced the completion of a $1 million strategic funding round, led by Solana Ventures, with participation from Colosseum, Helius co-founder and CEO Mert Mumtaz, Jupiter COO Kash Dhanda, and several other angel investors. This marks Solana Ventures' second investment in Hylo and Colosseum's third follow-up investment. The Hylo team stated that their next step is to expand their leveraged tokens to new asset categories such as 3x yield-bearing assets, stocks, and commodities, while continuing to build yield and leverage infrastructure around the decentralized stablecoin hyUSD. https://www.(wublock123.com)/news/hylo-raises-1m-strategic-round-led-by-solana-ventures-70417