Backyard lets users create their own liquid yield strategy for stablecoins. Users build diversified stablecoin yield strategies by allocating across multiple yield vaults (e.g., Blend or Spiko vaults). These strategy LP tokens can optionally be used to mint Backyard Dollar (BYD), allowing users to earn yield while retaining liquidity. By separating yield generation from liquidity, Backyard solves one of DeFi's core inefficiencies: capital locked in yield strategies that cannot be reused without exit friction. The protocol is governed by a ve(3,3)-style capital coordination system, aligning emissions, governance, and liquidity incentives to route capital toward the safest and most productive strategies over time.
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Top 5 stablecoin venues on Solana hold ~$1.87B, a ~12% of total supply, in TVL Weighted average yield: ~4.78% The biggest, most trusted stablecoin venues on Solana pay you less than simply staking SOL: • Native SOL staking: ~5.3–5.9% • LSTs: ~6–7% Now compare that to what…
Top 5 stablecoin venues on Solana hold ~$1.87B, a ~12% of total supply, in TVL Weighted average yield: ~4.78% The biggest, most trusted stablecoin venues on Solana pay you less than simply staking SOL: • Native SOL staking: ~5.3–5.9% • LSTs: ~6–7% Now compare that to what…
Backyard x Syntropia 🌱 Introducing the @syntropia_ai USDC Vault, a delta-neutral strategy delivering ~19% net APY A new source of yield for Solana capital. Now live inside the Backyard Yield Manager.
Backyard x Syntropia 🌱 Introducing the @syntropia_ai USDC Vault, a delta-neutral strategy delivering ~19% net APY A new source of yield for Solana capital. Now live inside the Backyard Yield Manager.
https://x.com/i/article/2089111444327456769
