EPISODE · Apr 28, 2026 · 32 MIN
🔥 Building the Safest DeFi Protocol on Solana — Plish, Co-Founder & CEO of Hylo
from The Index Podcast · host Index Studios
Most DeFi protocols are one hack away from collapse. Plish is building Hylo differently — and in this episode, he breaks down exactly why.From winning the Colosseum Radar Hackathon to crossing $100M TVL, Hylo is rewriting the rules of decentralized stablecoins on Solana. No external dependencies. No borrowed risk. Just battle-tested code.What we cover:🧱 What is Hylo? — A DeFi platform issuing a yield-bearing stablecoin (HiUSD) and a leveraged SOL ETF (xSOL), built entirely on-chain with zero external protocol dependencies⚠️ What Solana DeFi is getting wrong — Why composability is both DeFi's superpower and its biggest security liability (and the Drift hack as a live case study)🔐 The self-custody gospel — Why Plish keeps it simple: stake your SOL, stay in control, and never full-port into someone else's smart contract risk🤖 Running a 4-person team with AI agents — How Hylo uses Claude, Granola, and a custom hiring system based on the Who framework to punch way above their weight🚀 Hylo V2 is coming — xBTC, new collateral types (RWAs, yield-bearing dollars, maybe even S&P 500-backed stablecoins), and a new UI with stop losses and DCA tools📉 The leverage problem nobody talks about — Why 50x perps are dangerous for retail, and why Hylo's managed 2–4x xAssets might be the smarter play🔗 LINKS🎙️ The Index Podcast: https://www.youtube.com/@theindexpodcast 🐦 Plish on X: https://x.com/0xPlish 🐦 Hylo on X: https://x.com/hylo_so 🌐 Hylo Website: https://hylo.so/Show LinksThe Index X ChannelYouTube
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Most DeFi protocols are one hack away from collapse. Plish is building Hylo differently — and in this episode, he breaks down exactly why. From winning the Colosseum Radar Hackathon to crossing $100M TVL, Hylo is rewriting the rules of decentralized stablecoins on Solana. No external dependencies. No borrowed risk. Just battle-tested code. What we cover: 🧱 What is Hylo? — A DeFi platform issuing a yield-bearing stablecoin (HiUSD) and a leveraged SOL ETF (xSOL), built entirely on-chain with ze...
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🔥 Building the Safest DeFi Protocol on Solana — Plish, Co-Founder & CEO of Hylo
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