HastraFi Brings Decentralized Finance to $1.68 Trillion US Auto Credit Market
HastraFi has launched AUTO markets on Solana, bringing a decentralized finance (DeFi) solution to the $1.68 trillion US auto credit market.
In partnership with Figure and deployed through Kamino, HastraFi's new product channels interest payments from near-prime US auto loans directly into its DeFi credit infrastructure.
The AUTO token is the first permissionless real-world asset product on Solana, and it currently offers an annual percentage yield (APY) of 9.07%.
The market size peaked at over $600 million earlier this year with HastraFi's PRIME market, a similar product backed by home equity loans.