Question 1

What is HLN?

Accepted Answer

HLN (Helion, formerly YFLR) is the secondary governance token of the Ēnosys ecosystem under APS. Its role is to allow holders to participate in secondary governance over specific DEX matters, while APS carries the higher-level primary governance and reward roles. This positioning comes from the tokenomics model published by Ēnosys in 2023; the design of a token's uses is not the same as whether a product is currently live or available in all regions.

Question 2

What are HLN's main uses?

Accepted Answer

Under this tokenomics design, HLN can be used to offset part of the trading fees on Ēnosys DEX and to vote on new tokens and new trading pairs for the DEX. These two uses apply HLN respectively to trading costs and secondary governance, rather than granting it the highest governance authority over the entire ecosystem. The documentation also lists HLN as a token that can participate in liquidity pools, Farm staking, the Launchpad, Bridge fees, loan collateral, Mutual protection, and NFT trading. These are the use designs listed at the time of publication; actual available features, eligibility, and parameters are subject to the rules of the relevant products at that time.

Question 3

What is the difference between HLN and APS?

Accepted Answer

The core distinction between HLN and APS is their governance level: HLN is a secondary governance token under APS and can vote on new token listings and new trading pairs on Ēnosys DEX; APS is the ecosystem's primary governance and reward token. Therefore, holding HLN does not mean obtaining all of the primary governance or reward roles carried by APS. The allocations and mechanisms of the two tokens should also be understood separately; HLN's supply and usage rules must not be applied to APS.

Question 4

What are HLN's supply and allocation method?

Accepted Answer

Under the design published in 2023, HLN has a maximum supply of 150 million tokens and does not have ongoing minting capability by default. The plan allocates 70% to the community, with the remaining 30% split equally between investors and operating costs at 15% each. The 70% community allocation is not for a single purpose: 20% was planned for an airdrop, 31.93% was reserved for future APY Cloud distributions, 0.4% was for EXFI Loans Stability Pool stakers, 0.67% corresponded to DFLR received during the testing period, and another 17% was for the community to use for multiple purposes. Allocation percentages alone cannot prove that any portion has been unlocked, claimed, or circulated.

Question 5

What is the community allocation mainly used for?

Accepted Answer

APY Cloud is a reserve within HLN's community allocation: under the design, 31.93% of the maximum supply is retained in it. When the APY of ecosystem pools falls below the minimum threshold, meaning ecosystem health is at risk, the reserve is distributed to users staking governance tokens. The key trigger is not that anyone who holds HLN receives a distribution, but that it simultaneously involves governance-token staking and APY falling below the minimum threshold. This threshold was initially set by the Ēnosys team and its academic department, and may later be changed through community governance voting; therefore, the reserve's trigger conditions and distribution pace are not fixed.

Question 6

How do HLN unlock for investors and core contributors?

Accepted Answer

Under the published historical arrangement, investors and core contributors at that time were subject to a three-year lockup and release schedule from mainnet launch: no HLN could unlock during the first 12 months; from months 13 through 24, 2/36 of that portion of tokens unlocked each month; from month 25 until the third anniversary of mainnet launch, 1/36 unlocked each month. This segmented design means that the monthly unlock amount from months 13 through 24 was greater than in the final 12 months, and the full amount was not unlocked until the third anniversary. The document also stipulated that investors could not stake HLN into farm pools before the end of the 12-month cliff; this should not be understood as a general restriction on all holders or on any subsequent rules.

Enosys Global (HLN) Price