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Near Protocol Launches Privacy-Focused Solana Deposit Service

Source
Uk Jin

Summary

  • Near Protocol said it has launched a service that lets users deposit Solana (SOL) and earn yield without disclosing their wallet addresses.
  • The service manages deposited Solana assets on Kamino, a Solana-based DeFi platform.
  • There is no mandatory lock-up period, and users can swap their assets or transfer them to another wallet at any time.

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Photo: X screenshot
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Near Protocol has launched a service that allows users to deposit Solana and earn yield without disclosing their wallet addresses.

On October 16, Near Protocol announced on its official X account that it had rolled out a privacy-enabled Solana deposit service.

The service keeps users' wallet addresses from being disclosed externally when they deposit Solana. Deposited assets are managed on Kamino, a Solana-based DeFi platform.

There is no mandatory lock-up period. Users can swap their assets or transfer them to another wallet at any time.

Uk Jin

Uk Jin

wook9629@bloomingbit.ioH3LLO, World! I am Uk Jin.

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