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About Hastra

Understanding wYLDS and PRIME: Hastra's Stablecoin Ecosystem

What are wYLDS and PRIME?

wYLDS and PRIME are key components in Hastra's DeFi ecosystem that bring real-world asset yields to blockchain users.

wYLDS (Wrapped YLDS)

  • Type: Yield bearing receipt token backed by reserves of YLDS
  • Purpose: Cross-chain version of YLDS for DeFi usage
  • Yield: The rates are dynamic, you may see current rates on the landing page here
  • Use Cases: Trading, DeFi collateral, staking to earn PRIME

PRIME (Staked wYLDS)

  • Type: Yield-bearing receipt token
  • Purpose: Represents staked PRIME position
  • Yield: The rates are dynamic, you may see current rates on the landing page here
  • Use Cases: DeFi collateral, leverage strategies, earning passive income

What is YLDS?

YLDS is a stablecoin token created by Figure Assets LLC:
  • First SEC-registered yield-bearing stablecoin
  • Backed by prime money market fund securities
  • Pays interest at SOFR minus 50 basis points
  • Interest accrues daily, paid monthly
Learn more at ylds.com

How does the token flow work?

plain text
YLDS (Figure Markets)
    ↓ Bridge to other chains
wYLDS (Hastra)
    ↓ Stake for yield
PRIME (Hastra) → Earns ~9% from DemoPrime lending
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