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Dukkern
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Dukkern
@Dukkern1
Full port activist | peasant @odysseycapital_ | @hylo_so power user
Norway Katılım Kasım 2021
97 Takip Edilen68 Takipçiler
Dukkern retweetledi
Understanding xSOL and Break-even prices shown on tool (Not good estimates for very high xSOL prices like 1.5-3$ w.r.t current price)
Gmylo Fam,
I've been seeing a lot of questions and some misunderstandings around xSOL's break-even prices from tool. I built the tool to help the community, but it's clear community needs more clarity to avoid panic over inflated numbers like $500, $1000+ SOL break-evens. Those aren't realistic in reality as SOL would take forever to hit that, and our assumptions of same HYUSD/xSOL supply fails.
Let me break this down properly so you can get a solid grasp on break-even prices and how xSOL really works:
xSOL prices and leverage depend upon three things: -
• Collateral TVL (Basically SOL price as collateral is SOL LSTs)
• xSOL Supply
• HYUSD Supply
In general terms, xSOL is leveraged spot holding of JitoSOL. and with
• xSOL price rise - leverage decreases (3.5x -> 3.45x -> 3.4x -> 3.3x)
• xSOL price drop - leverage increases (3.3x -> 3.4x -> 3.45x -> 3.5x)
Ideally, xSOL and SOL move in sync if supplies don't change, no matter the volatility or timeline. But supplies do shift, so for estimates, we assume HYUSD and xSOL supplies stay constant—there's no crystal ball for predicting supply changes.
In short timeframe (Weeks/Months), supply changes take place but it's generally not significant because of which we assume and estimate.
Tool would assume the leverage to continuously decrease as SOL price goes up and if you want to estimate for very high xSOL price (high SOL prices) - supply changes are significant and estimation tends to move upwards from the real break-even price.
Similarly, Stability pool activation and deactivation changes xSOL/HYUSD supply ratio. That's the reason I suggest everyone to look into break-even prices once Stability pool is back to 100% HYUSD.
BUT during Stability Pool Activation,
Our Assumption breaks and deeper the activation, higher the HYUSD/xSOL ratio change. As Stability Pool's HYUSD is literally swapped to xSOL when CR tries to go below 130% (Let's say at 90$ SOL price for example)
When SOL drops below 90$ (Price varies but for example), HYUSD converts to xSOL slowly and more SOL dumps leads to higher conversion. Now, when SOL pumps and CR go above 130% - xSOL is not swapped back to HYUSD but waits for CR > 150% to convert back.
HYUSD -> xSOL conversion decreases the leverage and the reverse increases the leverage due to supply changes. But due to the difference between CR for the conversion, break-even prices for xSOL changes and deeper the stability pool activation - higher the change.
Right now, the Stability Pool is holding about 30% of xSOL's supply, which is why I suggest waiting for it to reset to 100% HYUSD. (I'm working on updating the tool to factor in deactivations—I'll update when it's ready.)
Stability Pool activations are rare (only 3 so far). The first two were minor, so minimal impact. But this latest one's deeper and boosted xSOL supply by at least ~45% (haven't crunched the exact figure), which explains the big swing in break-even prices.
Good news: You can spot upcoming Stability Pool activation required SOL prices using the Gradual Simulation tab on Hylo's Risk Dashboard. It updates in real-time as prices change, so use it to decide if you want to hold xSOL past those levels or adjust if you think SOL might dip lower.
My advice: If you see a Stability Pool activation coming and your market call was off, swap xSOL back to HYUSD. Then DCA back in as it activates and deepens. Or at minimum, swap 30–45% back and DCA to keep your break-even steady or lower.
Keep in mind, xSOL isn't @hylo_so's governance token for long-term investing—it's a product that competes (but better by a lot of margins) with futures/perps, Carrot's TurboSOL, or Mooncake's leveraged SOL.
Treat it like a leverage tool for SOL trades, not plain spot holding (the risks are known and somewhat predictable). The real risks kick in post-activation, until then xSOL saves you from a lot of things like liquidation, Borrowing/Funding fees, ongoing fees, and volatility decay. Play it smart based on your own SOL analysis.
Hylo v2 is rolling out soon with limit orders and stop-loss for xSOL, which'll help dodge activations if you reference that Gradual Simulation tab on the Risk page. I'm also cooking up an alert tool for Stability Pool triggers and CR levels to make risk management easier.
Finally, I'll be dropping an article soon about xSOL and all the technicals in as simple words as possible, which will help you understand how it works. If you understand that, you will understand the magic of xSOL and how to use it properly.
Will write best strategies possible as per my understanding as to how to mitigate the risks and all.
Namma@NammaFi
xSOL Break-Even Price Calculator and Metrics page added to the tool This page helps you estimate your break-even price on xSOL (required SOL price) based on your xSOL buy price input. (Supply varies over time, so it's an estimate.) Tip: Best used when the Stability Pool contains 100% HYUSD. Why? When the Stability Pool includes xSOL, the asset supply ratio changes once it's converted back. It's better to check your break-even price when the Stability Pool only holds HYUSD, as xSOL conversion to HYUSD affects leverage and calculations. Page added for the lovely @hylo_so community. Tool link in comment🫠
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Very good info!🙌
Jacqro@jacqro_sol
Why does $xSOL drop with 4x leverage during a $SOL fall, but only 3.5x (or less) on the rebound? It’s actually very simple — no one is cheating you. $xSOL acts like an “amplifier” for $SOL. When the market crashes, $xSOL absorbs the pain first and falls harder (higher effective leverage). When the market recovers, the leverage is already lower because the base value has shrunk. Simple apple example: You had 100 apples. 10 apples disappear → left with 90. Loss = 10%.To get back to 100 apples, you need to add the same 10 apples. But now the base is 90, so 10 out of 90 = 11.11% growth required. Same logic with xSOL: $SOL drops → $xSOL loses a much larger percentage (leverage effectively ×4 or higher). $SOL rebounds → to bring $xSOL back to its starting price, it needs to grow more percent than $SOL fell. That’s why the effective leverage “drops” on the way up (to ×3.5, ×3, etc.). This effect is called volatility decay — volatility eats away at value over time. Sharp drops hurt a lot more than equivalent rises help. Key takeaway: In the current stage of the market, there are no real “winners” during violent moves — losses are just a fact. @hylo_so and its Stability Pool help you survive the drop with less pain (by automatically buying $xSOL cheaply at the bottom and locking in gains later), but in a truly catastrophic and especially very sharp fall, the consequences for our wallets can still be irreversible. Stay safe out there. 5% boost:hylo.so/leverage?ref=D…
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Dukkern retweetledi
The most important thing for @hylo_so in the upcoming V2 update isn’t just the addition of $xBTC itself — it’s the true diversification moment for the protocol.
We’ve already seen how effectively the Stability Pool works: even as the market dumps hard right now, the pool behaves like a smart, cold-headed trader — it converts $hyUSD into $xSOL at the lows and locks in profits when things recover. When the market rebounds, the gains for $sHYUSD stakers will be obvious.
The same logic will apply once new assets are added. Introducing $xBTC (and potentially $xETH) brings two major advantages:
1. Greater stability for $hyUSD — the protocol will no longer be tied solely to SOL’s volatility.
2. Diversified backing — collateral will now include Bitcoin alongside @solana LSTs. In today’s world, what could be more reliable than $BTC as a foundational, deflationary asset?
If the protocol evolves into a real basket of top-tier, fundamental, deflationary assets (BTC, yield-bearing ETH, and possibly others), @hylo_so can truly become one of the most solid “parking spots” in #DeFi — a resilient system built on @solana that weathers any dump and delivers real, sustainable yield over the long term.
In short: the v2 update is the step that turns Hylo into a proper hub for stable, diversified #DeFi on #Solana.
5% boost: hylo.so/leverage?ref=D…
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Dukkern retweetledi
Seriously, not using @hylo_so in 2026 after all the crash tests is like not trusting Volvo when it comes to safety.
$xSOL behaves exactly as it should – yes, the charts show a big drop, but that’s simply its real movement with 3x leverage relative to $SOL. No liquidations at all.
Meanwhile, $sHYUSD has already brought dividends to its holders during this dip and buybacks from the Stability Pool.
The protocol does its job – both in market growth and in market crashes. #DeFi as it really is.
5% boost:hylo.so/leverage?ref=D…
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@hylo_so and @Loopscale are literally helping me pay my bills.
Instead of just sending rent money and forgetting about it, I changed the approach.
I deposit $1,000 first, mint $sHYUSD , then use it as collateral to borrow around $800 $USDC 8% APY borrow and withdraw it back.
This way I keep an on-chain collateral position that
slowly generates yield on its own compounds over time if done regularly, around 3.5% APY
On top of that, I’m farming points from both @Loopscale and @hylo_so .
I’ve been running this as a test for the past two months, and the results are already there.
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DON'T BUY A 128GB PHONE IN 2026
DON'T BUY A 128GB PHONE IN 2026
DON'T BUY A 128GB PHONE IN 2026
DON'T BUY A 128GB PHONE IN 2026
DON'T BUY A 128GB PHONE IN 2026
DON'T BUY A 128GB PHONE IN 2026
DON'T BUY A 128GB PHONE IN 2026
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Woke up today as a Hylord on @hylo_so.
Honestly, it was unexpected. I roughly knew my pace and thought I’d hit this rank in about a month.
But looks like my referral friends are aiming straight for Great Hylord — judging by the amount of XP coming in, they’ve seriously locked in 😄
5% boost:hylo.so/leverage?ref=D…
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