Kast has launched Kast Earn, a yield-bearing cash management feature that uses Gauntlet’s institutional-grade DeFi vaults to generate variable APY (currently 4%–9%) on user deposits. Powered by Gauntlet, Kast Earn will employ users’ deposits for onchain lending, allowing users to earn yield on fiat funds in their account. Kast Earn, a tool that allows accountholders to earn yield on funds in their account. Founded in 2018, Gauntlet offers an automated risk platform with institutional-grade vaults that enable decentralized finance to provide risk-adjusted yields at scale.
Kast said it partnered with Gauntlet because of its experience building quantitative decentralized finance strategies. When a user deposits US dollars, their funds go into the Gauntlet USD Alpha vault, which is designed to generate sustainable yield by prioritizing long-term, risk-adjusted returns and proactively adapting as markets change. This vault has $73.8 million in total value locked, or TVL (roughly equivalent to assets under management). Once a user deposits funds, their capital is distributed across a diversified set of established digital lending markets and actively managed using quantitative risk and performance models developed by Gauntlet.
The yield compounds continuously through Vault Share tokens, and the users’ earnings are reflected in the rising value of their shares. Accountholders can cash in on their shares at any time by transferring funds back to their Kast spending account. By offering yield-bearing cash management, Kast is placing itself in competition with banks and money market funds.
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