Debt Ceiling

HAY will have a maximum minting cap, which is set at 5% of the collateral’s total market cap (BNB) for the initial launch and subject to change upon late stage once DAO governance is introduced. To maintain a sustainable growth upon launch, there will be a smaller initial minting cap, this will increase in increments until the maximum minting cap of 5% of the total BNB market cap, this will be controlled by the Helio Protocol initially.

As of 8/1/2022	Helio Protocol (HAY)	MakerDAO (DAI)	TronDAO (USDD)	TerraClassicUSD (USTC)
Maximum Mint Cap	Yes	Yes	Yes	No
Mint cap Mechanism	Centralized Control initially (Transition to DAO governance later)	Only for Flash Mint Module (DAO Governance)	Centralized Control	None, Mint-and-burn mechanism (USTC & LUNC)
Total Stablecoin/ Destablecoin Minted Supply	-	~$7.5B	~$724MM	~$353MM
Total Stablecoin/ Destablecoin Minting cap	~5% BNB market cap	None, for total DAI minting cap. But there is a ~$500MM cap per flash loan.	~$2B	None