The manager lends by hand
From the vault or the Trade page, the manager picks a token, an amount and “Lend”. “Take back” returns the funds to the vault. The current rate is shown before each lend.
FBYT Earn · DeFi lending
A vault on FBYT can lend the capital it is not trading into a DeFi lending protocol on Solana. Borrowers pay a variable rate, and that interest adds to the value of the vault for everyone invested in it.
Supply APY now
LoadingVariable rates set by borrowing demand in each pool. Not a promise of future returns.
Live rates
The supply rate of each lending pool on Solana that FBYT vaults can lend into, with its 7-day and 30-day average. Rates move with how much of each pool is borrowed.
| Token | NowSupply APY now | 7-day7-day average | 30-day30-day average |
|---|---|---|---|
Calculator
Enter an amount, a rate and a period. Pick a pool to use its 30-day average, or type your own rate.
Estimated interest
$500.00
on $10,000 over 12 months, if the rate stayed at 5.00% the whole time.
An illustration only. The supply rate changes continuously, so the real result will differ. The figure leaves out the vault’s own fees and any change in the token’s price. It is not financial advice.
Two ways to lend
Lending is a decision of the vault’s manager. Investors do not lend on their own: they hold a share of a vault on FBYT, and the vault lends.
From the vault or the Trade page, the manager picks a token, an amount and “Lend”. “Take back” returns the funds to the vault. The current rate is shown before each lend.
With “Lend capital not in use” switched on, a trading bot keeps a buffer in the vault and lends the rest. It takes funds back before a buy that needs them, and lends again after a sell.
How it works
New to vaults? Read how FBYT works first, or what a crypto vault is.
Investors deposit into a vault and receive a share of it. Managers create a vault and trade its capital.
The manager, or a bot the manager set up, supplies a token to a lending pool. The pool issues receipt tokens for it, and the vault holds them.
Borrowers pay interest into the pool. The lent amount, with its interest, counts in the vault’s value, so each investor’s share is worth more as it accrues.
The manager or the bot takes funds back to trade. An investor who withdraws while funds are lent receives that part as receipt tokens and redeems them in the app.
On-chain yield
Lending pools match lenders with borrowers. Lenders earn roughly the borrow rate multiplied by the share of the pool that is borrowed, so the rate rises and falls with demand.
Funds go to the lending pool from the vault’s on-chain account, and the receipt tokens sit in the vault. Funds taken back return to the vault.
Vaults supply tokens to lending pools and earn the supply rate. They do not borrow against what they lend.
Compare
Three common ways to earn passive income from crypto. They differ in who holds the tokens, who pays the yield and who sets the rate.
| Way to earn | Who pays the yield | Who sets the rate | Where the tokens sit |
|---|---|---|---|
| DeFi lending through a vault on FBYT | Borrowers in the lending pool | The market: it moves with how much of the pool is borrowed | In the lending pool, with the receipt tokens held by the vault on-chain |
| Staking | The network, as staking rewards | The network’s rules and the validator’s commission | Locked or delegated on the network |
| Crypto savings account | The company that holds the account | The company | With the company |
Fees
FBYT takes a share of the interest a vault earns from lending. Nothing is taken from the amount lent. The share in force is shown under the live rates.
Lent funds are part of the vault, so the manager’s management and performance fees apply to them as they do to the rest of the vault.
Risks
Lending is not risk-free. Read these before you invest in a vault that lends, or switch lending on in your own.
The supply rate is variable and can fall at any time. Past averages say nothing certain about the future.
When a pool is heavily borrowed, taking funds back or redeeming receipt tokens can be delayed until liquidity returns.
Lent funds depend on the lending protocol’s programs and on the vault program. A fault in either could cause a loss.
Interest is paid in the token lent. If that token’s price falls, the position is worth less in dollars, whatever the rate.
FBYT acts solely as an interface, does not serve as a counterparty, and offers no guarantees regarding yield or the recovery of principal. See the Terms and Conditions. Page last reviewed .
FAQ
You earn through a vault. A vault on FBYT can lend the capital it is not trading into a lending protocol on Solana. Borrowers pay interest, and that interest raises the value of the vault. If you invest in a vault that lends, your share of the vault grows with it. If you manage a vault, you choose what to lend and when to take it back.
DeFi lending is lending through a protocol that runs on a blockchain. Lenders supply a token to a pool and borrowers pay interest to borrow from it. The supply rate is variable: it moves with how much of each pool is borrowed. FBYT vaults supply tokens to lending pools on Solana and do not borrow.
Stablecoin yield is interest earned on a stablecoin such as a dollar-pegged token. In DeFi lending it is paid by borrowers: lenders supply the stablecoin to a pool, borrowers pay to use it, and the rate moves with demand. It is not paid by the stablecoin’s issuer and it is not guaranteed. Vaults on FBYT earn it by lending idle stablecoins into such a pool.
It can be. Crypto lending pays interest without trading, which is why people call it passive income. It is not risk-free income: the rate changes, the pool can run short of liquidity, and smart contracts can fail. In a vault, the manager decides how much idle capital to lend, and investors share the result through the value of the vault.
By supply and demand in each pool. Borrowers pay a borrow rate that rises as more of the pool is borrowed. Lenders earn roughly the borrow rate multiplied by the share of the pool that is borrowed, less the protocol’s own cut. A pool that is 70% borrowed at an 8% borrow rate pays lenders about 5.6% before that cut.
No. Staking locks or delegates a token to help secure a network and pays network rewards. A crypto savings account is a balance held with a company that pays you a rate it sets. Lending through a vault is on-chain: the vault supplies tokens to a lending pool, borrowers pay the interest, and the rate is set by the market. There is no deposit guarantee on any of it.
No. The yield is the pool’s variable supply rate and it changes continuously. Any rate or projection shown on this page is indicative. FBYT does not guarantee a minimum return or the recovery of principal.
The vault’s manager. A manager can lend and take back by hand, or switch on “Lend capital not in use” for a trading bot. The bot then keeps a buffer in the vault, lends the rest, and takes funds back before a trade that needs them.
Funds are supplied to the lending pool from the vault’s on-chain account. The pool issues receipt tokens for the amount supplied, and the vault holds those tokens. When funds are taken back, they return to the vault.
FBYT takes a share of the interest earned, never of the amount lent. The share in force is shown next to the live rates on this page. The vault’s own management and performance fees apply as they do to any vault.
The part of your withdrawal that is lent at that moment arrives as the lending pool’s receipt tokens. You then redeem them for the underlying token in the FBYT app. Redeeming is a direct redemption from the pool, not a swap, and it depends on the free liquidity in that pool.
Yes. The app sets a small minimum per lend, valued in US dollars at a current oracle price. The amount in force is shown next to the live rates on this page.
The main risks are smart-contract risk in the lending protocol and in the vault program, liquidity risk (a pool that is heavily borrowed can delay taking funds back), a falling or changing rate, and the price risk of the token itself. FBYT is an interface to the lending protocol and is not the borrower, the lending counterparty or a guarantor.
Get started
Find a vault that lends, or open your own and switch lending on.