Hastra is an innovative decentralized protocol built on the Solana blockchain, designed to connect institutional-quality real-world assets (RWAs) with the decentralized finance (DeFi) landscape. This platform enables the tokenization of access to Figure's loan portfolio, which is managed by a publicly traded and SEC-regulated financial services firm that has successfully originated over $17 billion in loans. By doing so, Hastra allows users to generate sustainable yields that are supported by genuine consumer lending activities.
Within the Hastra ecosystem, users can engage with two main yield-generating tokens: wYLDS, a wrapped representation of Figure's SEC-regulated stablecoin that is backed by treasury securities, and PRIME, a liquid staking token that accrues yield from Figure's Democratized Prime HELOC lending pools. Both of these tokens are fully compatible with various DeFi protocols on Solana, such as Kamino, Raydium, and Jupiter.
What sets Hastra apart from traditional DeFi models is its focus on delivering authentic yields derived from thoroughly audited real-world lending operations. This approach ensures transparency regarding the underlying collateral and adherence to regulatory standards, moving away from yield generation that is often dependent on token emissions or speculative trading practices.