$OKX
Trending UpSnapshot Window: 2026-07-12 09:30 UTC · ← Back to Crypto Overview
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"Every yield seeker in Solana is playing some sort of losing game right now. Yield is fragmented, diversification is painful, and capital is frozen" Alex, Founder of Backyard Finance, pitches a full cycle yield manager that keeps your capital liquid The problem: - Earning yield [Spoken audio]: So my name is Alex. I'm the founder of Backyard Finance. We are building full-cycle GELD manager in Solana that keeps your capital equipped. So let's move to the problems. What we understood that earning GELD is definitely a full-time job today. So every GELD seeker or if a user in Solana is playing and some sort of losing game right now. Your yield position are scattered across different of protocols, across those in the protocols and depths. So protocols actually that could be exploit we don't need to go so far like we all remember to one exploit and kept alone. That's actually what the restrication risk looks like in practice. And even if you manage it in the right way, the moment you deposit to the world, your capital will be definitely your life. So it's like you earn yield or stay liquid and almost never bought. So yeah, yield is prevented, diversification is painful, when capital is frozen, three problems we try to solve. I said before that we are full cycle yield manager that keeps your capital liquid. That means that we offer two core products. It's a yield manager and pet hair dollar. So the yield manager allows users to build different yield strategies across custom allocation, with custom allocation across stable coin, RWA stocks and other Solana yield product in just 30 seconds. So it gives you access to a hundred of yield walls in the single UI with full cycle management, including manual or automated rebalancing. And on top of that, we used we-through-to-style economy, which means from the first site, we incentivize each world. So the user will get boosted APY. And from the other side, we orchestrated liquidity to underline protocol. So you can look at this like we are orchestrating Solana DeFi liquidity. The second core product is Backyard Dollar. So the users can optionally use strategy be talking such a collateral to borrow backyard dollar and stay liquid in the same time. So backyard dollar is a hybrid, something between hybrid CDP and USDCPAT stable coin and it could be used for trade-in, loop-in and earn more yield by staking BID in the stability pool which will be maintaining mechanics for liquidation and bet debts on the protocol. So So you could think of the two core concepts like you could build your own carrot or lula strategy on the backyard, and in the same time, you can stay liquid. So right now, we are in almost 50 billion market on Solana, and here is no yield manager right now. So we see that we can penetrate between 200 and 600 million in target TBL and it's conservative. So how we make money? We split it in two parts for Yield Manager and for BYD stablecoin. From the Yield Manager, it's performance fee for the BYD, it's mean, 3D, and liquidation fee. So we have some sort of multiple revenue touch points per user. And retail TBL, it's just one of them because we plan to build Yield as a service for B2B. It would be integrated directly into Neobahn's non-custodial wallets, payment service providers, because all of them sitting on billion-tidal capital. And that's enterprise revenue that doesn't depend on the market cycle. So what about go-to-market? Three stages. We are on alpha right now with real users. Beta will be very, very soon. In one week, we expect a huge announcement and full launch in November. So we are not betting on retail TBL only. We scale through practical partnerships on B2C site and the other services, as I mentioned before. We see integration with wallets, nabons, etc. So we already have some traction today. We won Slauna Superteam hackathon like last year, Coliseum side track. We got couple of grants. we want Solana and Bile hackathon, and we already partnered with Tire One, Protocols on Solana. Also, we got more than 2,000 quite listed users and more than one and enough, already minted our early contributor energy. So what about team? We have team of four right now. I got, sent that one month ago, I got my technical co-founder, the words now, it's much easier. We worked together like more than four years. Also, we have a big person for me on Solana, because a lot of people know him and he's a good growth hacker for us. And also a full-stake engineer that I also know for a couple of years. So we know how to build, we built already together and we know how to grow it. So if you want to contact me, just scan QR code and always welcome in the end.
is there data on how many logs they've already stored onchain so far?