NEAR Jumps 15.9% to $5.27 on Launch of Confidential SOL Vault
- —NEAR rose 15.87% to $5.27 in 24 hours, trading between $4.54 and $5.43
- —The October 15 launch lets users deposit SOL via near.com without exposing their wallet address
- —Funds go into a Kamino Finance vault curated by Gauntlet
- —The 5.12% illustrative yield comes from lending demand, not staking rewards
Why it matters: The product broadens SOL lending demand and boosts NEAR activity, but the yield is not guaranteed and confidentiality does not hide transactions on the Solana side.
Source: CryptoTicker