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 textYLDS (Figure Markets) ↓ Bridge to other chains wYLDS (Hastra) ↓ Stake for PRIME PRIME (Hastra) → Earns ~9%* from DemoPrime lending
*The APY displayed is an estimate based on the last queried rate from the Democratized Prime pool. It is a market rate based on supply and demand within the protocol, and is updated in the Hastra UI every 5 minutes. Prior rates do not guarantee future rates.