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Crypto DeFi

NEAR Protocol Launches SOL Yield Product Using Confidential Accounts

NEAR Protocol launched a SOL yield feature built on confidential accounts, the network said on October 16. Under the mechanism, the vault only receives users’ deposited funds and does not obtain their original addresses. The product has no lock-up period, allowing users to swap or transfer tokens at any time.

Original source

AI take

NEAR is positioning confidential accounts as a differentiator in the crowded yield-product space, where privacy of deposit addresses has become a live concern for users moving assets across chains. The absence of a lock-up matters as much as the yield itself: it removes the usual friction that keeps capital parked in a vault, which could make the product more of a liquidity pass-through than a sticky deposit base. Whether that design draws sustained TVL or simply routes SOL through NEAR is the open question.

Generated by AI for reference only.

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