PayPal's USD-backed stablecoin deployed natively on Solana, fully backed by US dollar deposits, US Treasuries, and similar cash equivalents. PYUSD on Solana launched in May 2024 and uses the SPL Token program. It aims to bridge traditional payment rails with DeFi, leveraging Solana's low fees and fast settlement. PYUSD integrates with major Solana DEXs and lending protocols.
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PayPal's USD-backed stablecoin deployed natively on Solana, fully backed by US dollar deposits, US Treasuries, and similar cash equivalents. PYUSD on Solana launched in May 2024 and uses the SPL Token program. It aims to bridge traditional payment rails with DeFi, leveraging Solana's low fees and fast settlement. PYUSD integrates with major Solana DEXs and lending protocols.
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AMMs, routing, liquidity, lending, and trading infrastructure.
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PYUSD (PayPal USD on Solana) (pyusd) Category: DeFi Definition: PayPal's USD-backed stablecoin deployed natively on Solana, fully backed by US dollar deposits, US Treasuries, and similar cash equivalents. PYUSD on Solana launched in May 2024 and uses the SPL Token program. It aims to bridge traditional payment rails with DeFi, leveraging Solana's low fees and fast settlement. PYUSD integrates with major Solana DEXs and lending protocols. Aliases: PYUSD, PayPal USD Related: Stablecoin, SPL Token Program
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A token pegged to a stable asset, typically the US dollar. Major stablecoins on Solana include USDC (Circle, natively minted), USDT (Tether), and UXD (algorithmic). Stablecoins are critical DeFi primitives used as trading pairs, lending collateral, and yield farming. USDC on Solana uses the SPL Token program with freeze authority retained by Circle.
The original Solana Program Library token program (TokenkegQfeZyiNwAJbNbGKPFXCWuBvf9Ss623VQ5DA) that implements fungible and non-fungible token operations. It manages mints (token definitions) and token accounts (balances). Core instructions include InitializeMint, MintTo, Transfer, Burn, Approve (delegation), and Revoke. All SPL tokens on mainnet before Token-2022 use this program.
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A token pegged to a stable asset, typically the US dollar. Major stablecoins on Solana include USDC (Circle, natively minted), USDT (Tether), and UXD (algorithmic). Stablecoins are critical DeFi primitives used as trading pairs, lending collateral, and yield farming. USDC on Solana uses the SPL Token program with freeze authority retained by Circle.
The original Solana Program Library token program (TokenkegQfeZyiNwAJbNbGKPFXCWuBvf9Ss623VQ5DA) that implements fungible and non-fungible token operations. It manages mints (token definitions) and token accounts (balances). Core instructions include InitializeMint, MintTo, Transfer, Burn, Approve (delegation), and Revoke. All SPL tokens on mainnet before Token-2022 use this program.
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A protocol that enables token swaps using algorithmic pricing against pooled liquidity instead of matching individual buyers and sellers. AMMs use mathematical formulas (typically constant product x*y=k) to determine prices based on the ratio of tokens in a liquidity pool. On Solana, major AMMs include Raydium, Orca, and Meteora.
An AMM design where liquidity providers concentrate their capital within specific price ranges instead of across the full 0-to-infinity range. CLMMs dramatically improve capital efficiency—LPs earn more fees per dollar deposited within their active range. If the price moves outside the range, the position becomes inactive. Orca Whirlpools and Raydium CLMM are leading implementations on Solana.
A smart-contract-held reserve of two or more tokens that enables trading via an AMM. Users deposit token pairs in specified ratios to become liquidity providers and earn trading fees. Pools are identified by their token pair and fee tier. Pool depth (total value locked) determines price impact for trades.
A token issued to liquidity providers representing their proportional share of a pool's reserves and accrued fees. LP tokens can be burned to withdraw the underlying assets. The value of LP tokens changes as the pool's token ratios shift and fees accumulate. LP tokens are often stakeable in yield farming programs for additional rewards.