Keystone Finance

The Carry Coordination Layer for Solana.

Solana generates carry. ksUSD coordinates it.

[Keystone Finance @Keystone_Fi]

Solana generates carry.

- Staking rewards.
- Perp funding.
- Lending interest.

Today, those yields live in separate places.

Keystone coordinates them into ksUSD.

Carry, coordinated.

[Keystone Finance @Keystone_Fi]

@DriftProtocol @redacted_noah @solanawire

[Keystone Finance @Keystone_Fi]

Perpetual funding is one of the largest sources of carry on Solana.

Today that carry mostly stays inside trading positions.

Our view is simple:

Funding should become capital.

That’s the thinking behind our latest Drift DAO proposal and why perpetual markets are such an important part of the ksUSD architecture.

Appreciate the coverage from Solana Wire.

https://t.co/7GdJf0eMGM

[Marino @marinonchain]

Binance took $557,000,000 from people who wanted SpaceX shares. They delivered nothing.

On Solana $SPCX was live the second Nasdaq opened.

Spot on Jupiter & perps on @PhoenixTrade

No refunds. No apology post

The biggest IPO in history just proved which rails actually work 👇

[Khaled Mahmud Faysal @kmfaysal726]

📢 𝗞𝗲𝘆𝘀𝘁𝗼𝗻𝗲 × 𝗗𝗿𝗶𝗳𝘁: 𝗧𝘂𝗿𝗻𝗶𝗻𝗴 𝗦𝗢𝗟-𝗣𝗘𝗥𝗣 𝗙𝘂𝗻𝗱𝗶𝗻𝗴 𝗜𝗻𝘁𝗼 𝗮 𝗣𝗿𝗼𝗱𝘂𝗰𝘁𝗶𝘃𝗲 𝗗𝗼𝗹𝗹𝗮𝗿

One of the more interesting proposals I've seen recently on Solana.

@Keystone_Fi is building $ksUSD, a carry-backed dollar designed to generate yield from multiple sources instead of relying on a single strategy. The protocol combines:
🔹 Staking yield through jitoSOL
🔹 Perpetual funding payments through Drift
🔹 Lending yield through Kamino

The goal is simple: coordinate Solana's fragmented carry opportunities into one productive asset.

#Keystone #ksUSD

[Keystone Finance @Keystone_Fi]

@DriftProtocol with newly appointed @redacted_noah

Especially looking to get feedback from you!

[Keystone Finance @Keystone_Fi]

Keystone × Drift proposal is now live.

One belief behind ksUSD:

A staked asset becomes much more interesting when it can be used as collateral.

A perp market becomes much more interesting when it can hedge that asset.

Put the two together and entirely new products become possible.

Governance Proposal 👇

https://t.co/foWwVmV8Ct

[Keystone Finance @Keystone_Fi]

One asset.

One accounting unit.

Multiple sources of carry.

That’s the idea behind ksUSD.

https://t.co/yONFOtf9qT

[Keystone Finance @Keystone_Fi]

Treasury bills earn from one source: U.S. government debt.

ksUSD earns from Solana’s capital markets.

🧵

[Keystone Finance @Keystone_Fi]

We’re not building a lending product.

We’re not building a staking product.

We’re building the carry coordination layer for Solana.

[Keystone Finance @Keystone_Fi]

Keystone progress update.

This week we focused on validating the ecosystem around ksUSD and the carry coordination thesis.

• Jupiter proposal published
• Jito proposal published
• Independent ecosystem coverage
• Kamino and Drift engagement underway
• Product and front-end refinements continued
• Conversations with investors, founders, and protocol teams

The goal isn’t governance participation for its own sake.

It’s ensuring Keystone is built alongside the protocols that power Solana’s capital markets.

Our thesis remains simple:

Solana generates carry through staking, lending, and funding markets.

Today that carry is fragmented across protocols and positions.

Keystone is building the carry coordination layer for Solana.

Coordinating staking, lending, and funding into productive capital.

https://t.co/UDHY27YZdb

[Jito @jito_sol]

Jito?

[Keystone Finance @Keystone_Fi]

Feedback from the Jito community is welcome.

Proposal below 👇

https://t.co/5f4IjVUaSo

[Keystone Finance @Keystone_Fi]

Dollar Demand → Staking Demand

Most demand for staking assets comes from people willing to hold the staking asset.

That’s the bottleneck.

🧵

[Keystone Finance @Keystone_Fi]

That’s what our latest proposal to the Jito community is about.

Expanding the sources of capital that contribute to the staking economy.