According to Huoxing Finance, Paystream, a Solana-based protocol focused on on-chain yields, announced its closure and liquidation on August 15. Founder Maushish stated that the project underwent multiple transformations—from a peer-to-peer lending protocol born at a hackathon, to an LP management terminal, and finally to a perpetual futures funding rate arbitrage tool (Funding Rate Farmer), which achieved some real-world usage, with users opening 185 positions and deploying $232,000 in margin. The project was funded through MetaDAO, and a restructuring proposal in May significantly reduced the remaining funds. The team shrank from six members to one, and subsequent attempts to build an automated treasury and payroll compliance product failed. The team has decided to cease operations and will open-source the funding rate arbitrage screener code; details of the liquidation proposal will be announced via MetaDAO once finalized.
Solana Yield Protocol Paystream Announces Closure and Liquidation
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Summary
On August 15, 2026, the Solana-based yield protocol Paystream announced it would shut down and liquidate. Originally launched as a peer-to-peer lending protocol during a hackathon, it later evolved into an LP management terminal and a perpetual futures funding rate arbitrage tool, but gained limited adoption. The platform recorded 185 open positions and $232,000 in deployed margin. The team, reduced from six members to one, was unable to develop an automated treasury and payroll compliance product. Paystream will open-source its funding rate arbitrage filter code and finalize liquidation details through MetaDAO. Value investing in crypto remains a key strategy amid such market shifts.
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