Emanuel | KAST
325 posts

Emanuel | KAST
@ema_web3
Building @KASTxyz | Europe Regional Manager | Ex @binance and @build_on_bob Opinions are my own


Stablecoins solved volatility. KAST solves usability. Store value. Move it instantly. Spend it anywhere. All in one place. All without relying on traditional banks. @KASTxyz @Coleta_Cripto




Carlos gave me his founders card for 24 hours What should I buy??? What do you want???

Introducing USD Prime Vault 🏦 Your dedicated account to earn up to 3.3% APY. 💲 Earn variable yield via USDKy 💸 Deposit and withdraw whenever ✊ Maintain custody in a @solana wallet Powered by @m0. Protected by @privy_io.






KAST has launched USDKy, a reward-bearing USD-backed stablecoin built on M0’s stablecoin platform designed to earn rewards directly in the @KASTxyz Earn account.


Introducing USD Prime Vault 🏦 Your dedicated account to earn up to 3.3% APY. 💲 Earn variable yield via USDKy 💸 Deposit and withdraw whenever ✊ Maintain custody in a @solana wallet Powered by @m0. Protected by @privy_io.




INTRODUCTING TO YOU, THE USD PRIME VAULT You’re always moving money around. Between bills, subscriptions, and the next big purchase, your dollars can sit idle. Now, KAST Earn gives you another option to make that balance work. With the USD Prime Vault, you can earn yield on USD through USDKY, a 1:1 backed stablecoin powered by M0. Yield is generated by short-term U.S. Treasury Bill reserves and reflected in the value of USDKY over time. It sits alongside the existing Gauntlet Alpha Vault, which uses dynamic DeFi strategies to generate yield. How the USD Prime Vault Works? When you deposit into the USD Prime Vault, your USD is converted into USDKY, which is held directly in your Privy wallet (Privy is a Stripe company). You maintain control of your assets at all times. USDKY accrues yield, which is reflected in the value of your vault balance. As yield accrues, the redemption value of USDKY increases. While both Gauntlet and the USDKY token offer yield, the mechanism behind each is completely different. How to Use the USD Prime Vault The USD Prime Vault is designed to work alongside your USD Spending Balance. You can move funds into the vault when they’re not being used, and withdraw at any time. Earnings are realized when you withdraw funds to your USD spending balance. There are no deposit caps or lockups. The APY is variable and reflects current performance, so it may fluctuate and is not guaranteed. To get started, tap Earn, select USD Prime Vault, and enter your deposit amount. Review the estimate, then tap Confirm. What You Should Know What exactly is USDKY? USDKY is a 1:1 backed stablecoin powered by M0. When you deposit into USD Prime, your USD is converted into USDKY, which is held in your own Privy wallet. How does USDKY derive its value? USDKY derives its value from underlying M collateral (primarily short-term U.S. Treasury Bills), and the yield generated by that collateral is reflected in the value of USDKY over time. Is the yield fixed? No. APY is variable and reflects real-time market conditions, specifically the yield on short-term U.S. Treasury Bills. The current APY is always visible in the KAST app. Can I access my funds anytime? Yes. Withdrawals from USDKY to your USD Spending Balance are near-instant. Are the funds onchain? Yes. USDKY is issued on Solana and held in your Privy wallet. You can view the wallet address and token balances onchain using a Solana explorer. Put Your USD to Work If you keep USD on hand for bills, subscriptions, and everyday spending, the USD Prime Vault gives you a way to make that balance work. Instead of sitting idle, your USD can earn yield from Treasury-backed reserves via USDKY, directly within KAST Earn. You still keep full flexibility. When it’s time to spend, simply redeem back to your USD Spending Balance. A simpler way to put idle dollars to work with Treasury-backed yield, inside KAST Earn. Source: @KASTxyz blog













