NEAR Protocol said users can now earn yield on SOL through confidential accounts, according to a post from the project on X. The vault behind the feature was built by Gauntlet on Kamino. NEAR said deposits are placed into the vault, while the vault itself cannot access users’ addresses. The setup is designed to let users earn SOL yield without exposing wallet address information to the vault.
The feature also allows users to redeem or transfer funds at any time. NEAR said there is no lock-up requirement attached to the product. The announcement focused on the availability of the confidential SOL yield function and the structure of the vault, without giving additional details on size, launch timing beyond the post itself, or other product parameters.
NEAR Protocol said in a post on X that users can now earn yield on SOL through confidential accounts.
The vault supporting the feature was built by Gauntlet on Kamino. According to the announcement, user deposits go into the vault, but the vault cannot obtain users’ addresses.
NEAR also said users can redeem or transfer funds at any time, with no lock-up restrictions.
This article was originally published by Bit.Fan. For more cryptocurrency news and market insights, visit www.bit.fan. Disclaimer:
The market information, project data, and third-party content displayed on this platform are for industry information sharing only and do not constitute any form of investment advice or return commitment.
Cryptocurrency trading carries high risks. Users should fully assess their risk tolerance and make independent decisions. All profits, losses, and legal responsibilities are borne by the users themselves.
