KAST Launches Self-Custodial USD Prime Vault on Solana

The crypto neobank says the product offers up to 3.3% APY through USDKy, with flexible deposits and withdrawals on the Solana blockchain.

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Terms & Concepts
  • Self-custodial wallet: A setup where users control their own private keys and funds, rather than relying on a third party to hold assets.
  • APY: Annual percentage yield, a measure of expected yearly return that includes the effect of compounding.
  • Solana: A blockchain network designed for high-speed transactions and low fees, commonly used for digital asset applications.