Understanding wYLDS and PRIME: Hastra’s 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?

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

*The Effective APY displayed is an estimate based on the trailing 24-hour change of each displayed Hastra token's Net Asset Value (NAV). It reflects the actual yield distributed to holders, including both the Democratized Prime pool rate (a market rate based on supply and demand within the protocol) and wYLDS interest on unutilized pool liquidity, net of the 50 bps Hastra fee. The rate is updated in the Hastra UI every 5 minutes. Prior rates do not guarantee future rates.