Put Your Idle Cash to Work in Seeker’s $USDC Earn Vault, Powered by Kamino

In collaboration with Kamino, Solana’s biggest lending market, Solana Mobile is launching one of the Seeker’s most-demanded products: a $USDC Earn Vault.

Available directly within the Seed Vault Wallet, Solana Mobile’s $USDC Earn Vault enables users to generate passive yield on their $USDC, with no lockups or withdrawal fees.

The launch caps off another big week for the Solana Mobile ecosystem, which has witnessed surging activity across its app layer during Seeker Summer.

Seeker Opens Kamino-Powered $USDC Earn Vault

Joining forces with Kamino, one of Solana’s most-trusted DeFi applications, Solana Mobile has launched its first official yield product. Instead of leaving their stablecoins sitting idle onchain, Seeker users can put their $USDC to work in the Seed Vault Wallet’s $USDC Earn Vault to generate compounding yield at competitive rates.

Building atop Kamino’s battle-tested lending markets and vault infrastructure, Solana Mobile’s $USDC Earn Vault simplifies the yield generation process. Depositing into the vault is as easy as tapping the ‘Deposit’ panel from the Seed Vault Wallet’s homepage.

Unlike some onchain vaults, which may have strict entry and exit requirements, Solana Mobile’s $USDC Earn Vault is accessible and flexible by design:

• No minimum deposit or withdrawal limits.

• No withdrawal fees, lockup periods, or exit queues.

• Immediate, compounding yield earned from the second you deposit.

Underneath the hood, the Seeker $USDC Earn Vault allocates 95% of its AUM to Kamino’s $SOL/$BTC market lending pool, with the remaining 5% stored in reserve for withdrawals. Aside from a 0.25% protocol fee, there are no additional performance fees or charges.

Seeker Summer Heats Up

The launch of the Seed Vault Wallet comes following a series of big weeks for the Seeker community, driven largely by Seeker Summer. 

By completing quests and tasks that highlight some of the most creative applications across the Solana dApp Store, Seeker users have made themselves eligible to receive up to 89M $SKR, valued at over $626,000.

In a clear demonstration of users’ long-term alignment with the Seeker ecosystem, over half of all $SKR tokens distributed during Seeker Summer have been staked to the network.

Solana Mobile Unveils Changes to Activity Tracking

As part of an ongoing effort to reward organic and authentic usage across the Seeker Ecosystem, Solana Mobile has announced it will be making changes to how it measures activity.

An unfortunate reality of the crypto industry is that where there are rewards, there is also mercenary capital and activity seeking to game the system in order to receive a disproportionate share of the pie.

Moving forward, Solana Mobile is changing the way it scores different activities throughout the Seeker ecosystem. While the rubric remains confidential, the new system discourages against executing simple transactions for the sake of creating artificial activity. The new changes will not be applied retroactively, meaning existing activity is already logged and banked into your score.

For example, staking and unstaking micro-amounts of $SOL across different stake accounts, and transferring tokens between your own wallets is a surefire way of ensuring that your Seeker Activity Level remains low, and possibly even flagged as a farmer and sybil account.

Ultimately, Solana Mobile’s activity tracker is designed to recognize and reward organic and authentic use of the device. As in Season 1, Seeker users who made meaningful engagements and contributions to the ecosystem saw themselves reach higher levels. Updates to the activity tracker have likely only refined this methodology, ensuring that rewards flow to genuine users over farmers.

To keep track of all Seeker news, and the perks and benefits of Seeker Summer and beyond, head to the UPPU Seeker Hub.

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