Hastra

Hastra is a real-world asset liquidity protocol built on Solana and Ethereum that routes institutional-grade yield from Figure's home equity lending operations directly to DeFi users. Launched in July 2025 in partnership with Figure — a publicly listed lender that has originated more than $19 billion in onchain loans — Hastra bridges prime U.S. home equity credit lines (HELOCs) with permissionless DeFi infrastructure, giving anyone access to the same yield pools that previously required institutional scale.

Core Mechanism

The protocol sits between Figure's Democratized Prime HELOC lending program and the broader DeFi ecosystem. Figure originates prime-grade home equity loans on the Provenance Blockchain, packaging the resulting cash flows into onchain credit pools. Hastra then issues tokens representing claims on those pools, distributing yield to holders as borrower payments flow in. Returns accrue through token price appreciation rather than separate reward distributions, meaning users do not need to lock positions or manually claim. There is no minimum holding period.

The system operates across two chains via [[PROJECT:683]] Cross-Chain Interoperability Protocol (CCIP). Ethereum serves as the primary settlement layer for PRIME rate determination; Solana hosts native integrations with the DeFi protocols that have proven most active in structured credit. [[PROJECT:683]] also provides the oracle infrastructure underpinning price feeds across all of Hastra's yield primitives.

Products

wYLDS is Hastra's base yield token, offering exposure to Figure's lending revenue and U.S. Treasury-backed yield through Figure's SEC-registered YLDS stablecoin. Users buy wYLDS directly, transfer it freely, and earn yield automatically through price appreciation. As of August 31, 2026, wYLDS had crossed $600 million in TVL, making it one of the larger RWA-backed positions in DeFi.

PRIME is a liquid staking token minted when users stake wYLDS into the protocol. It carries a direct claim on Figure's real-estate loan pools and currently offers annualized returns of up to 8% from borrower payments. PRIME trades at approximately $1.05 with a circulating supply of roughly 530 million tokens, giving it a market capitalization near $563 million. On Morpho, PRIME has become the single largest RWA collateral asset — accounting for approximately 30% of total RWA deposits. The PRIME Main Vault, curated by Sentora, holds around $207 million in PYUSD deposits earning approximately 6% APY. PRIME's role as high-quality collateral has attracted integrations beyond vanilla holding: NUVA Finance enables borrowing of USDC against nvPRIME on Morpho, and Bitwise selected PRIME as one of three assets backing its PAPY vault alongside cross-border payment financing tokens and GPU-backed loans.

AUTO is Hastra's Solana-native tranching product, designed for programmatic integration. It introduces structured risk tiers to the underlying yield, allowing protocols to build senior and junior tranche markets on top of Hastra's base flows. AUTO's tranching market on [[PROJECT:1360]] reached $750,000 in TVL as of late August 2026, with additional tranching infrastructure expected from other partners.

Solana Ecosystem Fit

Hastra launched on Solana through a coordinated RWA Consortium involving key infrastructure and liquidity providers: [[PROJECT:303]] for lending markets, [[PROJECT:287]] for liquidity and trading access, [[PROJECT:683]] for oracle and cross-chain connectivity, Gauntlet for risk parameter management, Privy for onboarding, and Phantom for wallet integration. The consortium approach was deliberate — rather than launching PRIME as a standalone token, Hastra embedded it into existing Solana DeFi rails from day one.

[[PROJECT:303]]'s integration was among the first deployment points for PRIME on Solana, allowing users to supply and borrow against the token through Kamino's lending markets. The combination of yield-generating collateral and borrowing capacity creates a leverage loop that institutional players find familiar from traditional structured credit.

Hastra's structured credit category now accounts for $331 million on Solana, positioning it as a leading RWA protocol on the network. For context, Solana's RWA market grew nearly 400% in the year following Hastra's launch, outpacing Ethereum's expansion rate during the same period. Hastra's consortium model — which pre-integrated liquidity venues before launch rather than building TVL organically — accelerated that growth.

Figure and Provenance Blockchain Foundation

[[PROJECT:1970]] is the primary institutional backer and origination source. The company recently completed an IPO raising $787.5 million and continues to originate more than $1 billion in onchain loans monthly. Figure's lending infrastructure is built on the Provenance Blockchain, a purpose-built chain for financial assets; Hastra functions as the DeFi accessibility layer that extends those assets to Solana and Ethereum users. The Provenance Blockchain Foundation is a co-development partner in the protocol, reflected in Hastra's Discord community being hosted at the Provenance server.

Hastra describes itself as an open-source protocol with community governance as a stated design principle. The platform emphasizes transparency — assets and loan pools are verifiable onchain — as a core differentiator from traditional structured credit products where collateral composition is typically opaque.

Institutional Validation

PRIME's selection by Bitwise for its PAPY premium RWA vault is a meaningful signal. Bitwise curates a narrow set of assets for each vault, applying its own risk parameters, and placed PRIME alongside tokens from Huma Finance and USDai. The vault accepts AUSD (Agora's Treasury-backed stablecoin), lending depositors' capital against the PRIME position and distributing the borrower yield minus spread. PRIME also reached approximately $207 million in Sentora-curated Morpho vaults, contributing to Sentora's $1 billion TVL milestone.

No specific team members are named in Hastra's public materials. The protocol presents itself as a collaborative product between [[PROJECT:1970]], the Provenance Blockchain Foundation, and its DeFi consortium partners rather than a founder-led startup.

Summary

Hastra makes institutional home equity yield accessible to any DeFi user through three tokens — wYLDS, PRIME, and AUTO — backed by Figure's onchain loan origination. Operating across Solana and Ethereum with [[PROJECT:683]] providing oracle and cross-chain infrastructure, it has quickly established PRIME as the largest RWA collateral asset on Morpho and a cornerstone of Solana's structured credit market. The combination of real borrower cash flows, no lock-up requirements, and deep integration with established DeFi venues positions Hastra as one of the more operationally mature RWA protocols currently live on Solana.