According to CoinMeta, the Solana ecosystem leveraged token and stablecoin protocol Hylo have announced the completion of a $1 million strategic financing round. The round was led by Solana Ventures, with participation from multiple angel investors including co-founders Colosseum and Helius, as well as CEO Mert Mumtaz and Jupiter, the chief operating officer of Kash Dhanda. This is Solana Ventures's second investment in Hylo and also Colosseum's third follow-on investment. The Hylo team stated that their next step will be to expand their leveraged tokens to include new asset classes such as 3x yielding assets, stocks, and commodities, and to continue building income and leverage infrastructure around the decentralized stablecoin HyUSD.