Dadivan.Sol✓

🫡 September on Solana was a convergence month. Tokenized stocks became collateral. RWAs became lending markets. Assets from other chains became Solana liquidity. The biggest shift: Solana stopped looking like a pile of protocols and started looking like one connected financial market. Everything that happened in September👇 ⸻ RWAs BECAME FINANCIAL PRIMITIVES → Solana RWA ecosystem passed $4.6B TVL. → RWA holders climbed above 600K. → Tokenized stock holders crossed 1M. → Tokenized equity supply hit new ATHs at $700M+. → Tokenized equities deposited into lending protocols reached $60M+. → @onrefinance crossed $300M+, now the largest RWA market on Kamino. → @xStocksFi passed 300K holders and did $500M+ in tokenized asset volume over 10 days. → @sunrise kept widening its asset universe: stocks, ETFs, commodities and crypto assets issued through regulated infrastructure. → @Backpack made tokenized stocks and ETFs usable as collateral for borrowing, futures and margin. → @Securitize's HINC became collateral on @Loopscale. → Kamino added private credit, auto loans, commodities and GPU-infrastructure credit markets. The defining change: a tokenized stock stopped being something you just hold. It can now be: → collateral → a lending position → a perpetual → a launch pair → a yield strategy ⸻ KAMINO BECAME THE INSTITUTIONAL BRIDGE → @Kamino pulled in $50M+ through Binance Wallet in under 24 hours. → Partnered with @galaxyhq on institutional USDC and USDT lending vaults. → Institutional vaults grew to 29 curated vaults. → Commodity Yield Vault added $20M of capacity, targeting 7%+ yields. → Added USDC to HastraFi's tokenized auto-loan market. → Launched new RWA and private-credit markets with @AllezLabs, MidasRWA and Steakhouse Financial. → Became easier to reach through Binance Wallet, Fordefi Earn and other channels. TVL is only part of it. Kamino now links institutional capital, RWAs and onchain yield. ⸻ JUPITER CONNECTED THE ECOSYSTEM → @JupiterExchange launched Universal Deposits. → Move assets from Ethereum, Base, Arbitrum and Sui, receive USDC directly on Solana. → Jupiter Earn hit a new ATH of $2.41B in deposits. → @Jup_Mobile did $607M in August trading volume and added Earn, Borrow and Strategies. → Perp markets expanded. → New execution infrastructure improved routing. Jupiter is moving past swap aggregator and becoming a distribution layer for Solana finance. ⸻ TRADING GOT MORE SOPHISTICATED → @PhoenixTrade opened SOL and other assets as perp collateral across 60+ markets. → @Solflare passed $65M in perp volume in its first three weeks. → @BulletXYZ launched 24/7 RAY perpetuals. → @PerpsPadfun connected launchpads with perpetual markets. → @VelocityDEX opened its beta to everyone. → @Titan_Exchange launched Titan Pro with advanced trading tools. The stack keeps moving: spot → perps → collateral → prediction markets → structured positions. ⸻ THE LAUNCHPAD WAR HEATED UP → @Fomo hit $1M+ daily revenue and passed Pumpfun in daily revenue. → Fomo reached an ATH of roughly 97K daily active traders. → @LaunchOnSF overtook PumpFun and Hyperliquid in 24h revenue on one of its strongest days. → @MeteoraAG's DBC now supports virtually any token pair. → @Raydium LaunchLab expanded custom pair support. → @Pumpfun introduced Holder Rewards, sharing trading fees with holders. → LaunchOnSF kept pushing the idea of pairing new tokens with real-world assets. Stocks, commodities and crypto are now ingredients for new tokens and new markets. ⸻ DISTRIBUTION KEPT EXPANDING → $3T in cumulative DEX volume. → Roughly 5.2B monthly transactions. → $143M in monthly app revenue, first among all chains. → Stablecoin supply at $17.3B, another ATH. → About 420M USDC transactions in one month. → 76% of all x402 transactions. → Crypto card spending hit $100M monthly, another ATH. → Jupiter, Kamino, @MoonPay and Binance Wallet kept bringing new users into Solana finance. → @world_xyz brought a fresh wave of consumer attention with its airdrop. More liquidity, and a lot more doors into it. ⸻ STABLECOINS + PAYMENTS KEPT MOVING → @Column integrated stablecoins directly into its banking infrastructure. → @Seedless_Wallet launched a money app with instant payouts to Nigerian bank accounts. → @NOMADZxyz launched flight bookings with stablecoin cashback. → @SP3NDdotshop hit a new ATH in monthly stablecoin spending. → Solana became the dominant chain for x402 machine-to-machine payments. Payments moved well beyond crypto-native trading. Stablecoins are becoming the settlement layer under real-world activity. ⸻ MORE ASSETS CAME TO SOLANA → Arbitrum's $ARB went live through Sunrise. → $DOGE, $DKNG, $WEN, $FLWS and others joined the ecosystem. → @ZetaChain's community voted 99.4% to wind down its L1 and migrate $ZETA to Solana. → $ZAMA went live through Sunrise. → $PEAQ also arrived. → @Helius graduated Parsed Streams and Parsed Events APIs out of beta. More assets. More infrastructure. More ecosystems plugging into the same liquidity layer. ⸻ PRODUCTS KEPT MATURING → @NolusProtocol upgraded Margin Markets with better partial-liquidation visibility and new markets. → @hylo_so crossed $30M+ open interest across xSOL, xBTC and xHYPE. → @backyard_fi crossed $1.2M TVL. → @reflectmoney filled its $300K tranching pre-deposit cap. → @gammafi kept improving transparency on agent execution, risk controls and onchain NAV. → @elementaldefi announced the V1 to V2 vault migration. → @MeteoraAG passed 80M $MET staked. Same loop everywhere: ship, get users, learn, improve, ship again. Teams are making complex financial products easier to use. ⸻ CONSUMER + CULTURE KEPT GROWING → @solanamobile kept expanding the Seeker ecosystem. → @PlayKintara launched its Season Pass. → @Collector_Crypt expanded its gaming and collectibles ecosystem. → @Beezie brought authenticated luxury goods onchain. → A PSA 10 First Edition Charizard sold for an $825K winning bid, settled on Solana. → @joinfrontier launched Traders Season 1 with $1M+ in rewards. → @Solflare and @Superteam kept running user and community campaigns. Solana's consumer layer now reaches well past trading. ⸻ GROWTH BROUGHT RISK TOO → @Dominion_Market's $SILV fell sharply after a treasury wallet exploit. → @ArcanePrivacy announced its shutdown after funds were stolen from its staking contract. → @Switchboardxyz announced it will shut down after operating since 2021. → Several new markets and launch platforms had to add safeguards as volume accelerated. More financial infrastructure means more financial risk. September showed both. ⸻ WHAT SEPTEMBER SHOWED Solana is building the financial primitives around tokenized assets: Stocks become collateral. Collateral becomes credit. Credit becomes yield. Assets become trading pairs. Trading becomes perps. And it all settles on the same network. September was the month Solana stopped looking like a blockchain with financial apps and started looking like a connected onchain financial market. 🫡

RT @Dadivan_sol: 🫡 Top Stable Yield-Bearing Tokens of the Week [W44] 2026 Ranked by APY + weekly delta ⸻ 1️⃣ $PRIME – @reflectmoney 27.52% APY (▼ 7.36%) Still the leader, but its headline yield has cooled considerably. → Reflect’s Junior Amplified vault offers amplified yield in exchange for first-loss risk. → Up to 16.04% boosted APY comes from Hastra incentives. → Reflect Points are currently offering 3.0x points. → The displayed APY can vary with incentives, capital allocation and market conditions. ⸻ 2️⃣ $jrAUTO – @Hastra + @ExponentFinance 19.05% APY (▲ 1.17%) A solid recovery puts jrAUTO comfortably in second place. → APY rises from 17.88% to 19.05%. → The junior strategy takes first-loss risk on U.S. auto-loan exposure in exchange for amplified yield. ⸻ 3️⃣ $jrONyc – @onrefinance + @ExponentFinance 15.21% APY (▼ 1.84%) The yield retreats after last week’s modest recovery. → jrONyc falls from 17.05% to 15.21%. → It remains a structured-yield strategy, with tranche-specific risks to consider. ⸻ 4️⃣ $USDC – @backyard_fi 15.01% APY (▼ 0.14%) Nearly unchanged week over week. → The @syntropia_ai USDC Vault uses delta-neutral market-making strategies across BTC, ETH and SOL, with trades hedged on Hyperliquid. → Backyard manages allocations across strategies. ⸻ 5️⃣ $USD* – @perena 14.23% APY (▲ 0.41%) A stronger rebound for USD* Junior. → APY climbs from 13.82% to 14.23%. → The yield comes with the additional risks associated with a junior tranche structure. ⸻ 6️⃣ $jrEHYUSD – @hylo_so + @ExponentFinance 13.82% APY (▼ 0.38%) The decline continues, putting jrEHYUSD just below USD* Junior. → APY moves down from 14.20% to 13.82%. → The junior tranche takes first-loss risk within the eHYUSD strategy in exchange for amplified yield. ⸻ 7️⃣ $USDC – @loopscale + @ExponentFinance 10.08% APY (▼ 0.48%) A noticeable dip takes this strategy closer to the 10% threshold. → APY falls from 10.56% to 10.08%. → The OnRe Growth Vault remains just above 10%. ⸻ 8️⃣ $kicUSDC – @kamino 7.80% APY (▼ 0.41%) The lowest-yielding entry this week. → Kamino Institutional Commodity Yield drops from 8.21% to 7.80%. → Its focus remains institutional commodity financing. ⸻ Weekly signals 👇 • $PRIME remains #1 at 27.52% APY, down 7.36 percentage points, with up to 16.04% boosted APY from Hastra incentives. • $jrAUTO rises 1.17 percentage points to 19.05%, strengthening its position at #2. • $jrONyc falls 1.84 percentage points to 15.21%. • Backyard USDC is nearly flat at 15.01%. • Perena’s USD* Junior rebounds to 14.23%, moving ahead of $jrEHYUSD. • $jrEHYUSD slips to 13.82%. • Loopscale + Exponent USDC falls to 10.08%. • Kamino’s $kicUSDC drops to 7.80%. ⸻ The leaderboard is cooling at the top, but the middle is shifting. Reflect’s $PRIME remains the clear leader at 27.52% APY, even after a 7.36-percentage-point decline. Meanwhile, $jrAUTO moves in the opposite direction, climbing to 19.05%. That puts it further ahead of the other structured-yield strategies. The middle of the table is getting tighter: Backyard USDC sits at 15.01%, just below $jrONyc at 15.21%, while USD* Junior moves ahead of $jrEHYUSD. At the lower end, both Loopscale USDC and Kamino’s $kicUSDC declined this week. And remember: High APY can reflect first-loss exposure, structured credit risk or temporary incentives. Boosted rewards and points can also affect the headline return. A higher APY doesn't automatically mean a better risk-adjusted opportunity. APY tells you what the market is paying. The structure tells you why. That’s the stable yield leaderboard this week 🫡

Thank you @MeteoraAG 🫡 Next stop: LPing. Learning it with @SwannyDeFi's guides! Creators get rewarded for their work. Love to see it!

RT @Dadivan_sol: Backpack holds roughly 5% of tokenized stock supply on Solana. In Q2 it drove 87% of SPCX volume and 95% of MU volume on Solana DEXs. Now $SPCX, $MU, $SNDK and $SKHY can be used as collateral on @kamino 🫡

Introducing the Backpack Market on Kamino. Kamino is expanding loans backed by tokenized equity on Solana with @Backpack Securities, bringing 1:1-backed, redeemable tokenized U.S.-listed equities directly into onchain credit markets.

RT @Dadivan_sol: Looped & Rated #011 16 loops. 2 scores each. OnRe moves to 9/10. Two Kamino vaults hit 19/20. JLP drops to 7%. apyUSD pays 35% at 15/20. —————————————— // SCORE UPDATE: OnRe 8 → 9 ONyc passed 12 months live this summer. Age moves from 1 to 2. Audit 2 · Age 2 · Backing 2 · NAV 2 · Redemption 1. Both Kamino ONyc vaults go from 18/20 to 19/20. I should have applied this sooner. It's in this edition. —————————————— 🟢 ONyc/USDG - Kamino APY 18.76% → · 2.9x · Platform: 10 · Asset: 9 (OnRe) · 19/20 LTV 66% · Chainlink + Pyth · $24.13M supplied · $45.78K open 🟢 ONyc/USDC - Kamino APY 18.55% → · 2.9x · Platform: 10 · Asset: 9 (OnRe) · 19/20 LTV 66% · Chainlink + Pyth · $94.88M supplied · $2.20M open First seven-figure opening since #001 ($3.40M). Every opening in between stayed under $265K and filled fast. Now $2.20M is open. Loopscale's ONyc/USDC has another $1.93M. 🟢 reUSD/USDG - Kamino APY 13.09% → · 5x · Platform: 9 · Asset: 9 (Re Protocol) · 18/20 LTV ~80% · $150.49K open · $929.99K supplied Down from 14.88%. Market size flat. Thinnest 18/20 entry. Size small. 🟢 JLP/USDC - Kamino APY 11.73% ↓↓ · 6.2x · Platform: 9 · Asset: 9 (JLP) · 18/20 LTV 85% · Pyth + Chainlink · $1.51M open · $22.95M supplied Since #007: 99.5% → 30.7% → 32.7% → 22.7% → 11.7% Same score. Much less carry. 🟢 JLP/USDC - Jupiter Lend APY 6.98% ↓↓ · 6.4x · Platform: 9 · Asset: 9 (JLP) · 18/20 LTV 85% · Pyth + Chainlink + Redstone · $289M pool Supply pays 6.28%. USDC borrowing costs 6.15%. That's a 13 bp spread before leverage. At 6.4x, the whole loop rides on that gap. Since #007: 89.7% → 30.1% → 29.5% → 15.7% → 6.98% Deepest exit on the list. Lowest yield in the 18/20 tier. —————————————— 🟡 sUSDai/USDC - Kamino APY 12.61% ↓↓ · 5x · Platform: 9 · Asset: 8 · 17/20 LTV ~80% · $2.64M supplied, down from $3.98M · ⛔ $0 open Rate fell from 24.27%. Less supply. Lower rate. No room. 🟡 reUSD/JupUSD - Jupiter Lend APY 7.75% ↓↓ · 7.6x · Platform: 8 · Asset: 9 (Re Protocol) · 17/20 LTV 87% · $2.12M pool Was 17.63%. Supply pays 6.74%, borrow costs 6.59%. Just 15 bp before leverage. Same thin spread as JLP on Jupiter. 🟡 sUSDai/USDC - Jupiter Lend APY 20.27% ↑↑ · 8.2x · Platform: 8 · Asset: 8 · 16/20 LTV 88% · $61.9M pool · Allo Points 8x Jupiter gained 6.7 points. Kamino lost 11.7. Last edition went the other way. Supply pays 7.00%, borrowing costs 5.16%. That 1.84-point gap at 8.2x gives you today's APY. Same asset. Different market, different leverage. 🟡 PRIME/CASH - Kamino APY 17.75% ↑ · 8.3x · Platform: 8 · Asset: 8 (Hastra) · 16/20 LTV 88% · Chainlink · $341.95K open · $20.15M supplied Back up from 14.55%. PRIME/USDC pays 15.27% and PRIME/PYUSD 14.87%, but both have $0 open. CASH is the pair you can actually enter this week. 🟡 ONyc/USDC - Loopscale APY 16.01% avg / 17.72% max → · Platform: 7 · Asset: 9 (OnRe) · 16/20 $32.10M deposited · $1.931M available Same ONyc asset as the 19/20 Kamino vaults. Three points lower on platform security. Same asset score. The platform score splits them. 🟡 PST/USDC - Kamino APY 15.99% ↑ · 5.6x · Platform: 9 · Asset: 7 (Huma) · 16/20 LTV ~82% · $1.12M open · $9.96M supplied Up from 11.34%. Open liquidity grew from $615K to $1.12M. Better rate, more room. 🟡 srONyc/USDG - Loopscale APY 14.82% avg → · Platform: 7 · Asset: 9 (Exponent/ONyc) · 16/20 $802.8K deposited · ⛔ $0 available Senior ONyc tranche. Junior holders take losses first. PT-srONyc-10JAN27 averages 16.07%, also with $0 available. The rate is on screen. The capacity is gone. 🟡 syrupUSDC/PYUSD - Kamino APY 11.69% → · 8.3x · Platform: 8 · Asset: 8 (Maple) · 16/20 LTV 88% · $4.61M open · $39.97M supplied The USDC pair is back at 15.04%, but only $91.82K is open. Pair choice changes the opportunity. Capacity decides if you can take it. —————————————— 🟡 PT-ONyc-10JAN27 - Loopscale APY 21.14% avg / 22.65% max → · Platform: 7 · Asset: 9 (Exponent/ONyc) · 16/20 $5.092M deposited · $1.942M available · Expires Jan 10 About 75 days to maturity. Fixed yield on ONyc. Exit before expiry and you may sell below par. Watch the maturity date as closely as the rate. 🟡 apyUSD/USDC - Kamino APY 35.21% ↓ · 3.3x · Platform: 9 · Asset: 6 (Apyx) · 15/20 LTV ~70% · $453.62K open · $197.49K supplied Highest APY on the list. 15/20 combined. ~74% STRC backing. 20-day redemption. apxUSD once dipped to $0.90. APYX token launch postponed, no new date. Pips keep accruing. The yield gets the headline. Backing, redemption and peg history need your homework. —————————————— 🟡 eHYUSD/USDC - Loopscale APY 16.07% avg / 17.56% max ↓↓ · Platform: 7 · Asset: 7 (Hylo) · 14/20 $6.113M deposited · $53.92K available Was 21.27%. Lowest combined score on the list, with just $53.92K available. Big deposits don't mean deep exits. ⚠️ Loopscale platform risk applies. —————————————— // EXITING eUSX/USX: 4.12%. srEHYUSD/USDC: market down to $186K. JLP/USDC on Loopscale: 4.21% average. USDe/PYUSD: 6.70%, $0 open. Ethena supply on Kamino fell from $55.97M in #008 to $9.50M. —————————————— Where this edition lands: → OnRe lifts the top tier to 19/20. Both Kamino ONyc vaults score 19 at 18.55–18.76% APY. The USDC vault has $2.20M open for the first time since #001. → JLP carry has collapsed. Kamino sits at 11.73%, Jupiter at 6.98%. Jupiter's 13 bp spread leaves almost no room for rates to move. → sUSDai flipped again. Kamino fell to 12.61% with no capacity. Jupiter rose to 20.27%. → The highest rates sit in the lower score tiers. apyUSD hits 35.21% at 15/20. AUTO's fixed tiers quote up to 32.45% with almost nothing open. Score shows how a structure rates against the framework. APY shows what the market pays today. Liquidity shows whether you can get in. Drop #012 in 2 weeks. 🫡

RT @Dadivan_sol: Your xStocks portfolio can do more than sit there. In Kamino’s @xStocksFi market, you can deposit multiple xStocks as collateral and borrow USDC against the basket in one position. The key detail: cross margin. Instead of assessing each asset’s position health separately, Kamino evaluates the health of the combined basket. More flexibility to put tokenized equities to work without selling them. One portfolio. Multiple xStocks. USDC liquidity when you need it.

Borrow against several xStocks in one position. In Kamino’s @xStocksFi Market, deposit multiple xStocks as collateral and borrow USDC against all of them. Cross margin measures your position's health across the whole basket, not asset by asset.

🧭 DeFi Loop Radar W44: The Fixed-Rate Ladder + 3 Loops Still Open 🫡 $77M sits in AUTO/wYLDS fixed-rate vaults on @kamino. Liquidity left: under $0.01 in every tier. Four borrow rates. All locked. All full. ⸻ 🪜 The Ladder 30-day fixed term. Auto-rollover on. Max leverage 4.5×. → 5.30% fixed → 28.66% APY → $5.57M deployed → 5.75% fixed → 27.05% APY → $33.95M deployed → 6.00% fixed → 26.15% APY → $27.50M deployed → 6.25% fixed → 25.28% APY → $10.31M deployed The newest 6.25% tier already holds $10M. Fixed borrow cost. Auto-rollover handles the refinance. Every rung filled. ⸻ 🚪 Door closed? Three loops still have room 1️⃣ apyUSD / USDC → 35.23% APY → 3.3× → $453K open STRC dividend yield wrapped in a stablecoin. Highest open APY on the board. Room is thin. 2️⃣ ONyc / USDC → 18.55% APY → 2.9× → $2.20M open Reinsurance yield. Room fell from $5.07M last week. This window is closing fast. 3️⃣ PRIME / CASH → 14.72% APY → 8.3× → $342K open HELOC credit yield. Holding 13-15% for weeks. ⸻ ⚠️ Risk first → Fixed rate locks your borrow cost. AUTO credit performance still drives the position → AUTO/wYLDS buffer is just 2 points (78% → 80%). Size small → apyUSD yield relies on STRC dividends, on a newer protocol → Rollover needs fixed-rate liquidity at term end Risk first. APY second. Liquidity third. 🫡

$2.37B in tokenized Treasuries. Now picture that capital working in DeFi. USDY is Ondo's yield-bearing token backed by short-term US Treasuries. On Nysa, it's the collateral in a lending market. Lend USDC against USDY: → 30%+ APY → NYSA Points on top RWAs used to sit in wallets. Now they power DeFi lending. Still early. 🫡

And now you use it as collateral to borrow $USDC on Curated by Nysa,
Backed by the community.

Your USDC can now earn yield without leaving @solflare Solflare Earn is powered by @kamino, letting users supply USDC to a DeFi lending market directly from their wallet. No lockups. No Solflare management fee. Just variable yield from borrower interest, with withdrawals subject to available liquidity.

Solflare Earn, powered by Kamino. @solflare users can now earn yield on USDC directly from their wallet, across mobile, web, and extension.

🫡 Last week on Solana was an adoption flywheel week. More stablecoin holders. Faster consensus. Tokenized equities at scale. DeFi vaults pulling serious capital. AI, privacy, payments and consumer apps kept widening what you can do onchain. Everything you missed, in 90 seconds 👇 ⸻ 📈 TOKENIZED ASSETS → @Sunrise passed $15B in lifetime tokenized-equities volume on Solana in under a year. → @xStocksFi hit $45B in total volume in year one. On Solana: $7.5B+ volume, 800K+ holders, 1,000+ tokenized assets. → @Ondo crossed $500M in tokenized RWAs on Solana. → @1inch integrated 450+ Ondo tokenized stocks and ETFs on Solana, backed 1:1. → @Sunrise added tokenized $META, $AMZN, $NVDA, $TSLA, $SKHY, $TSM and $CMG. → @BackpackOnchain's $SPCX did $80M+ in weekend volume, then became Sunrise's most held asset: 86K+ holders, $1.5B+ cumulative volume. → Backpack led holder growth with 16,300+ new holders in 24 hours. xStocks added 7,100. Binance bStocks added 4,200. → @LaunchOnSF now lets you trade tokens against baskets of tokenized assets. First basket, Frontier: OpenAI, Anthropic, Meta, SpaceX and Google. → @useDiversiFi launched $SAMA4, a basket of OpenAI, World, Reddit and Airbnb. → @Raydium flipped @Pumpfun in 24-hour spot DEX volume and passed 300,000 unique tokenized-stock holders after its LaunchLab routing rollout. → @JurassicFi bought Deaton the Triceratops for $600,000 through TRCH1 Capital. A public onchain fossil acquisition. ⸻ ⚡ NETWORK AND USERS → Solana stablecoin holders hit an all-time high of 14.2M. 4.85M net new in 2026. → @anza_xyz put Solana's new consensus protocol on mainnet beta. Finality targets ~150 milliseconds, down from ~12.8 seconds. → @CredibleFin processed $1B+ in payment volume on Solana. → @Jupiter Mobile added direct @RevolutApp fiat onramps. Fund your wallet by card, instantly. → @JupiterExchange plugged native swap routing into @DecryptMedia money accounts. → @solanamobile shipped Seeker Connect: named, branded, one-tap connections to Seeker wallets across mobile apps, mobile web and dapps. → @Beezie migrated fully to Solana. Users can move eligible Base collectibles and bridge supported wallet funds. ⸻ 🏦 DEFI GOES DEEPER → @Kamino's autonomous lending vaults crossed $170M in deposits, up 8x in 30 days. Its fixed-rate rollover engine also refinanced $12M+ with zero manual work. → @hylo_so closed a $1M strategic round led by @SolanaVentures, with @colosseum joining, to expand its decentralized leverage products. → @reflectmoney shipped Create: launch a named stablecoin on Solana in one transaction. Create Engine also enables one-click permissioned issuance with verified collateral. → @ExponentFinance brought risk tranching to @Titan_Exchange. Mint and redeem Senior and Junior tranches straight from Exponent markets. → @NysaFinance promoted its RWA Prime Vault: advertised 40%+ APY in auto-compounded USDC, NYSA Points, exposure only to the @Ondo $USDY lending market, instant withdrawals. → @NolusProtocol Earn offers $cbBTC at an advertised 4.04% APY and wETH at 3.45%, compounding with no reward claims. → @loanmeme launched a Solana memecoin lending protocol using @PythNetwork oracles and @Raydium routing. → @MeteoraAG upgraded DAMM v2 with unified liquidity panels, dynamic slippage controls and position splitting. → @FOMO reported $1.3B+ in weekly perps volume. → @solflare Perps passed $200M in cumulative volume through its wallet. → @JupiterExchange's YOLO crossed $1B in volume in under 24 hours, with beta long and short exposure to SOL, BTC and ETH at up to 1,000x leverage. → @PhoenixTrade's Anthropic pre-IPO perps went live with up to 6x leverage. ⸻ 🧠 AI AND PRIVACY → @arcium launched Blackthorn in private alpha. It runs AI inference with multiparty computation instead of CPU trusted execution environments, keeping prompts and responses private. → @project0 introduced p0, linking AI agents like Claude, Cursor, Codex and x402 to Solana DeFi and credit markets through one agent link. → @TryNoahAI opened its Nitro 04 builder hackathon, with 8,000 points allocated across leading Solana autonomous apps. ⸻ 🎮 CONSUMER APPS → @Pumpfun added EVM limit orders: take-profit and stop-loss inside its social trading app. → Pumpfun paid out $26.75M to the ecosystem in one week. BOOST has reinjected $106M since inception. Pump Bridge launched with claimed 2x faster routing and 12x fewer execution errors. → @Collector_Crypt had its biggest day yet: $24.3M gross revenue in 24 hours, 123,425 packs opened. → @jup_mobile launched the Black Magic Gacha Vault: luxury watches, premium collectibles, sealed Pokémon cards. → @JupiterExchange made Q3 ASR live for all wallets. Claim and stake your JUP rewards. → @sanctumso opened the beta of a major security update to the Sanctum app. ⸻ 💰 CAPITAL MEETS UTILITY → @humafinance passed $20B in payment-clearing volume. Its $PST tokenized-credit market grew 9x to $400M+. → @backyard_fi is making each badge tier roughly 10x harder to earn in Season 1. Season 0 badges stay permanent, and your tier sets your YARD accrual rate from day one of the new season. ⸻ ⚠️ SECURITY WATCH → @KeystoneWallet disclosed a data breach exposing customer names, contact details, shipping addresses and order details. Payment info, private keys and recovery phrases are safe, per Keystone. ⸻ 📌 The takeaway Solana moved well past speed and speculation this week. Stablecoin holders keep climbing. Tokenized equities are finding real distribution. Vaults are scaling, payments are clearing billions, and AI is plugging into onchain finance. The flywheel is spinning: more assets bring more users, more users bring more liquidity, better infrastructure unlocks new use cases. The big question now: how much of this turns into daily, lasting usage?

10.21% APY on SOL. I checked who pays it and what could go wrong. On @NolusProtocol, borrowers pay it. Why I'm watching the SOL lending pool: → 10.21% APY at the time of writing → Borrowers pay interest to access liquidity → Lenders earn that interest → Utilization sets how much capital is actually borrowed No magic. Just borrowers paying for liquidity. The risks are real too: → Liquidity: if too much SOL is lent out, your withdrawal waits for repayments or new deposits → Smart contracts: borrower interest doesn't make a position risk-free → Rate: 10.21% is a snapshot, not a promise Before sizing a deposit, I check live utilization and withdrawal liquidity. Can you explain where the yield comes from? Then you can judge the risk. Can't? You might be the yield. 🫡

🫡 State of Yield on Solana · Week #43 Solana yield has a new leader. 34.88% APY on PRIME. 30.38% on an AUTO loop after its first rollover. Protected and amplified vaults now let you pick your risk. The biggest signal this week is the speed this game is changing ── ① Stable yield: new leader W43 leaderboard $PRIME Amplified: 34.88% 🆕 $jrAUTO: 17.88% ▼2.60 pp $jrONyc: 17.05% ▲0.27 pp Backyard USDC: 15.15% ▼0.48 pp jrEHYUSD: 14.20% ▼0.42 pp $USD* Junior: 13.82% ▲0.20 pp OnRe Growth Vault: 10.56% ▲0.01 pp Kamino Institutional Commodity Yield: 8.21% ▲0.13 pp @reflectmoney's PRIME Amplified vault jumps straight to #1, with up to 21.38% boosted APY from Hylo incentives. The catch: it's a junior strategy with first-loss exposure. APY on a new market moves with incentives and incoming capital. jrAUTO slid from 20.48% to 17.88%. jrONyc and USD* ticked up. @onrefinance Growth barely moved. kicUSDC edged higher, backed by institutional commodity financing. New leader. Same rule: understand the risk before chasing the rate. ── ② Reflect: yield is becoming a risk spectrum Reflect is bringing protected and amplified tranches to more onchain markets. → Protected: lower yield, more downside cover → Amplified: higher yield, first-loss exposure Current rates: PRIME: 24.01% protected / 37.33% amplified syrupUSDC: 15.08% / 23.13% $eHYUSD: 23.32% / 38.36% $reUSD: 5.51% / 11.98% These are market rates, not guaranteed returns. Incentives, capital flows and credit exposure all move them. eHYUSD also adds @hylo_so points: 3x protected, 6x amplified, plus Reflect Points on protected deposits. The real shift is product design. You choose how much risk to take instead of buying one flat APY. ── ③ Loop Radar: fixed-rate carry holds up AUTO/wYLDS hit a big milestone. The first 30-day term expired and @kamino's auto-rollover moved eligible positions into fresh terms at the same fixed borrow rate. No manual close. No repay and reopen. → Launch APY: 24.68% → Current APY: 30.38% → Fixed borrow rate: 5.30% → Deployed across vaults: $66.93M Fixed borrowing cost makes the spread easier to model. Auto-rollover cuts the upkeep. Fixed rate still doesn't mean fixed profit. Rollover liquidity, collateral performance, liquidation thresholds and smart-contract risk all stay in play. Looped & Rated shows how uneven leveraged yield gets: → apyUSD/USDC: 37.34% APY, 6/10 asset score → sUSDai/USDC on Kamino: 24.27%, liquidity recovering → sUSDai/USDC on Jupiter: 13.55%, sharply lower → JLP/USDC: compressed on both major lending venues Same strategy. Different collateral, markets and risk. Leverage amplifies the spread. It amplifies mistakes too. ── ④ RWAs are moving from exposure to utility The next phase of RWAs is making them useful inside DeFi, beyond just putting them onchain. @NysaFinance opened its first credit market: borrow USDC against Ondo's USDY on Solana. Real-world collateral → onchain credit → usable DeFi liquidity. Nysa also pairs vault exposure with USDC yield, NYSA Points and instant withdrawals. Kamino's Institutional Commodity Yield reached 8.21% APY, with exposure to institutional commodity financing. Different builds, same direction: tokenized assets are turning into building blocks for lending, borrowing and composable yield. Watch collateral quality, redemption terms, liquidity and the real source of returns. ── ⑤ Hidden upside: ONyc wins beyond APY ONyc is #1 on the Hidden Upside Radar for 28 straight weeks, at just 11.02% APY. It wins because there are so many ways to use it: → 16x yield trading via @ExponentFinance → 6x ONyc/USDC looping on Kamino or @Loopscale → 6x ONyc/USDG looping on Kamino → 6x jrONyc exposure → More vault and lending options OnRe Growth sits at 10.56% APY with a 9/10 points score and confirmed $ORCA conversion through Formation. PRIME has 34.88% APY and ranks seventh on total upside. One leads on current yield. The other leads on stacked opportunity. Neither tells the full story alone. ── Week #43 takeaway Three shifts to watch: Risk is explicit. Protected and amplified tranches let you choose your profile. Fixed-rate loops run smoother. Auto-rollover cuts friction but market risk stays. RWAs are becoming real collateral. Tokenized assets now power real credit markets. Don't rank a strategy by APY alone. Check the source of yield, the loss structure, liquidity, borrowing costs and the points upside you actually value. Know the risk. Check the liquidity. Then judge the APY. 🫡

🫡 Top Stable Yield-Bearing Tokens of the Week [W43] 2026 Ranked by APY + weekly delta ⸻ 1️⃣ $PRIME – @reflectmoney 34.88% APY (new) A new leader, with a substantial gap over the rest of the leaderboard. → Reflect’s Junior Amplified vault offers exposure to amplified yield in exchange for first-loss risk. → Up to 21.38% boosted APY comes from Hylo incentives. → Reflect Points are currently offering 3.0x points. → The displayed APY can be sensitive to incentives, capital allocation and market conditions. ⸻ 2️⃣ $jrAUTO – @Hastra + @ExponentFinance 17.88% APY (▼ 2.60 percentage points) Still near the top, but the yield has cooled. → jrAUTO falls from 20.48% to 17.88%. → The junior strategy takes first-loss risk on U.S. auto-loan exposure in exchange for amplified yield. ⸻ 3️⃣ $jrONyc – @onrefinance + @ExponentFinance 17.05% APY (▲ 0.27 percentage points) A modest recovery after last week’s decline. → jrONyc rises from 16.78% to 17.05%. → It remains one of the leaderboard’s higher-yielding structured strategies. ⸻ 4️⃣ $USDC – @backyard_fi 15.15% APY (▼ 0.48 percentage points) A further, modest decline. → The @syntropia_ai USDC Vault uses delta-neutral market-making strategies across BTC, ETH and SOL, with trades hedged on Hyperliquid. → Backyard manages allocations across strategies. ⸻ 5️⃣ $jrEHYUSD – @hylo_so + @ExponentFinance 14.20% APY (▼ 0.42 percentage points) The yield continues to compress. → jrEHYUSD moves down from 14.62% to 14.20%. → The junior tranche takes first-loss risk within the eHYUSD strategy in exchange for amplified yield. ⸻ 6️⃣ $USD* – @perena 13.82% APY (▲ 0.20 percentage points) A small rebound. → USD* Junior rises from 13.62% to 13.82%. → Its yield comes with the additional risks associated with a junior tranche structure. ⸻ 7️⃣ $USDC – @loopscale + @ExponentFinance 10.56% APY (▲ 0.01 percentage points) Essentially unchanged week over week. → The OnRe Growth Vault inches up from 10.55% to 10.56%. → It remains just above the 10% mark. ⸻ 8️⃣ $kicUSDC – @kamino 8.21% APY (▲ 0.13 percentage points) Another small increase. → Kamino Institutional Commodity Yield rises from 8.08% to 8.21%. → It remains the lowest-yielding entry on this leaderboard, focused on institutional commodity financing. ⸻ Weekly signals 👇 • Reflect’s new $PRIME entry takes #1 at 34.88% APY, including up to 21.38% boosted APY from Hylo incentives. • $jrAUTO drops 2.60 percentage points to 17.88%. • $jrONyc edges up to 17.05%. • Backyard USDC falls slightly to 15.15%. • $jrEHYUSD slips to 14.20%. • Perena’s USD* Junior recovers to 13.82%. • Loopscale + Exponent USDC is virtually unchanged at 10.56%. • Kamino’s $kicUSDC rises to 8.21%. ⸻ The leaderboard has a new top contender. Reflect’s $PRIME enters at 34.88% APY, replacing $eHYUSD at the top of our tracked list. But the comparison needs context: this is a new entry, so there’s no directly comparable W42 APY for calculating a weekly delta. Elsewhere, most of the higher-yielding strategies remain below their previous levels. The largest decline came from $jrAUTO: 20.48% → 17.88% Meanwhile, $jrONyc and USD* Junior both recovered slightly, while the lower-yielding USDC strategies barely moved. One important detail: these are percentage-point changes, not percentage changes. And remember: High APY can reflect first-loss exposure, structured credit risk or temporary incentives. Points and boosted rewards can also affect the headline return. A new leader doesn't automatically mean a better risk-adjusted opportunity. APY tells you what the market is paying. The structure tells you why. That’s the stable yield leaderboard this week 🫡

The next Solana narrative might be hiding here... 395% growth. $4.5B in tokenized stocks. 2.6% DeFi usage. Tokenized stocks are growing fast. The real action starts after they're tokenized: → trade them 24/7 → post them as collateral → borrow against them → earn yield → plug them into DeFi strategies Solana already leads onchain tokenized-equity activity. Now the race is to make those assets productive. That's where I'm looking. The next wave of RWA adoption belongs to assets that work, not assets that sit onchain. 🫡

Everyone on Solana talks about shipping fast. Few talk about shipping safe. @NolusProtocol has 3 independent audits and zero security incidents. Security from day one. Built for the long term. In DeFi, growth means nothing if users can't trust you with their capital. 🫡

Three independent audits Zero security incidents When Nolus launched on @solana on August 27, 2026, that track record came with it

🫡 Hidden Upside Radar W43 2026 APY shows what you earn today. This shows what you're positioned for. ⸻ 1️⃣ $ONyc – @onrefinance 11.02% APY | Points: 9/10 | Tier: B → Total upside rank #1 28 weeks at #1. A new Reflect vault grabbed the APY crown at 34.88%, yet ONyc at 11.02% still leads on upside. → 16x yield trading via @ExponentFinance → 6x looping ONyc/USDC on Kamino or Loopscale → 6x looping ONyc/USDG on Kamino → 6x jrONyc risk tranching at 17.05% APY → 4x Loopscale vault strategy and Elemental vault → 3x lending ⸻ 2️⃣ $USDC – @loopscale + @ExponentFinance (OnRe Growth Vault) 10.56% APY (▲0.01 pp) | Points: 9/10 | Tier: A Flat for a third week at 10.3–10.6%. Lowest APY in the top four, second on upside. The stack does the work: → Loopscale points converting to $ORCA via @formation_so → 4x ONyc external points on top One confirmed token, one unconfirmed, one deposit. ⸻ 3️⃣ $jrEHYUSD – @hylo_so + @ExponentFinance 14.20% APY (▼0.42 pp) | Points: 7/10 | Tier: B Fourth week lower, but the smallest drop yet. 6x Hylo XP plus eHYUSD rewards. Season 1 is open, token unconfirmed. First-loss exposure pays for the amplified rate. ⸻ 4️⃣ $jrONyc – @ExponentFinance 17.05% APY (▲0.27 pp) | Points: 7/10 | Tier: B Small bounce after last week's ▼3.16 pp. Same pattern: spike, correct, rebuild. First-loss structure unchanged, 6x boost stacks on the ONyc ecosystem. ⸻ 5️⃣ $USDC – @backyard_fi (Syntropia Vault) 15.15% APY (▼0.48 pp) | Points: 7/10 | Tier: B Fifth week lower, down from 18.38% in W38. Delta-neutral market-making across BTC, ETH and SOL, hedged on Hyperliquid. XP seasons with badge multipliers and a ve(3,3) design pointing toward a token. Watch the compression. ⸻ 6️⃣ $eHYUSD – @reflectmoney (Amplified tranche) Off this week's leaderboard (41.12% in W42) | Points: 7/10 (was 5/10) | Tier: B Still here because @hylo_so just launched Hylo points on this market. → Protected deposits earn 3x, stacked on the 3x Reflect Points they already collect → Amplified deposits earn 6x → All of it on top of the current APY Amplified is first-loss and the market is new, so APY swings with incentives and TVL. It sits at #6 because the points just launched with no track record. ⸻ 7️⃣ $PRIME – @reflectmoney (Junior Amplified) 34.88% APY | Points: 6/10 | Tier: B 🆕 New Entry Highest APY on the board, seventh on upside. Junior Amplified means first-loss risk for the amplified rate. Reflect Points are live at 3.0x. PRIME itself has no points or token, and Reflect hasn't announced one. APY on a new vault moves with incentives and capital. Size the structure, not the number. ⸻ 8️⃣ $USD* Junior – @perena (V2) 13.82% APY (▲0.20 pp) | Points: 0/10 | Tier: A★ Small rebound. A★ unchanged: the Petals claim carries through V2, the token is confirmed, the claim window is still coming. ⸻ Weekly signals → ONyc holds #1 on upside for 28 weeks while a 34.88% vault takes the APY crown → Hylo points land on Reflect's eHYUSD market: 3x Protected, 6x Amplified, on top of APY → jrEHYUSD declines a fourth week, but the drop is shrinking: ▼0.42 pp vs ▼2.55 pp last week → Backyard slips a fifth week. Still above 15%, trend is the one to watch

$12M+ in fixed-rate loans renewed. Nobody lifted a finger. @kamino Auto Rollover moved every loan into a fresh 30-day term at the same rate. AUTO positions stayed open. No refinancing, no reopening. Fixed-rate credit on autopilot 🫡

Over $12M in fixed-rate loans renewed through Auto Rollover this week. Every loan rolled its full balance into a new 30-day term at the same rate, keeping borrowers' AUTO positions active with no manual refinancing required. Fixed-rate credit on autopilot.

WAIT… you can launch your own stablecoin in ONE transaction now? @reflectmoney just made it possible on Solana. → Choose your collateral → Set how interest is split between you and holders → Hit build. Your stablecoin is live. Stablecoins are becoming customizable products anyone can launch. Reflect is cooking. 🫡

Create is live. Launch a stablecoin with your name on it, on @Solana, in one transaction. Choose the collateral from a reviewed set and decide how the interest splits between you and your holders. Press build and the coin exists.