What is wYLDS?
wYLDS is Hastra's flagship stablecoin - the first of its kind that automatically passes forward yield to users simply by holding and using it.
Core Concept
wYLDS is a token representing a portion of a pool of reserves holding YLDS - the first SEC-registered, yield-bearing stablecoin minted by Figure Loans, LLC on Provenance Blockchain. Each wYLDS is backed 1:1 with YLDS held in Hastra's reserve, combining the liquidity of traditional stablecoins with the earning power of a money market fund.
How It Works
- User Purchase: Users buy wYLDS from Hastra with USDC or other assets, or trade on DEXs like Raydium
- YLDS Acquisition: Hastra uses these funds to purchase YLDS from Figure Markets
- Reserve Management: YLDS is held in reserve to back the issued wYLDS tokens 1:1
- Yield Generation: The underlying YLDS reserve generates yield from prime money market fund securities
- Automatic Distribution: Interest is distributed monthly to wYLDS token holders as additional wYLDS tokens. Users may claim it on the Hastra dashboard.
Unique Features
Backed by Real World Assets (RWAs) - wYLDS is backed by reserves of YLDS, which is backed by real world assets similar to those in money market funds.
Yields Automatically - Earns interest automatically just by holding wYLDS in your wallet - no staking or KYC required.
Cross-Chain - Available on Solana with plans to expand to additional blockchain networks.
Liquid Staking - Can be staked through Hastra protocol for PRIME, opening new earning opportunities.
Transferable Yield - When you send wYLDS tokens to someone, they become the new holder and start earning yield from the next distribution cycle.
Use Cases
- Store of Value: Stable price with automatic yield generation
- DeFi Integration: Use as collateral or in liquidity pools across Solana ecosystem
- Peer-to-Peer Transactions: Send and receive with automatic yield transfer
- Access to Regulated Yield: Benefit from Figure Markets' SEC-registered yield without direct YLDS ownership
Getting Started
- GET wYLDS → Purchase directly from Hastra Protocol or trade USDC on DEXs like Raydium
- HOLD YOUR TOKENS → Simply hold in any compatible Solana wallet
- GROW YOUR INVESTMENT → Track your accruing yield on hastra.io
- MONTHLY DISTRIBUTIONS → Claim yield monthly, paid in additional wYLDS tokens
- USE OR REDEEM → Trade back to USDC through Raydium and Kamino protocols
Your yield is calculated automatically based on your wYLDS holdings and the performance of the underlying YLDS vault, with distributions occurring monthly.
For more information on the underlying YLDS asset, visit https://www.ylds.com/
FAQS
How does wYLDS accrue interest for me?
When can I claim my yield?