Key Takeaways
Raenest users can now earn yield on their stablecoin balances directly in the Raenest app, powered by a vault Gauntlet curates on its own infrastructure. It is the first offering of its kind from an African fintech.
Raenest is a fintech company headquartered in Lagos, Nigeria, serving freelancers, creators, individuals, and businesses across Africa and beyond, with over one million users in 50+ countries and more than $2B in transactions processed. Users already hold USDC and USDT accounts alongside USD, GBP, and EUR, receiving payments from clients and platforms worldwide; until now, those stablecoin balances sat idle.
The launch pairs Raenest's distribution with Gauntlet's curation: Raenest brings the accounts, cards, and payment rails its users rely on, while Gauntlet curates the underlying vault, allocating capital to overcollateralized lending markets on Base. The vault is built on Aera, Gauntlet's first-party vault infrastructure, and allocates to Gauntlet USD Alpha, the flagship USD strategy behind our earn integrations. USDT is supported alongside USDC, and transfers from Raenest's supported networks route to the vault seamlessly.
Yield accrues on balances users already hold, with rates displayed in-app as a 7-day average, and funds can be moved back to a spending balance whenever needed.
From launch, Raenest users can:
- Earn yield on USDC and USDT balances directly in the Raenest app.
- Move funds back to their spending balance, cards, and transfers whenever needed.
- Rely on Gauntlet's own vault infrastructure, curation, and proprietary risk engine.
This launch is part of a broader effort to bring Gauntlet-curated yield, running on our own vault infrastructure, into the apps people already use. If you're building a fintech or wallet and want to offer stablecoin yield to your users, get in touch here.
The products discussed above do not consist of registered securities and have not been reviewed or approved by any regulator. They are not offered as registered futures, swap, or other derivatives offerings, and nothing here should be read as an offer to sell or a solicitation to buy any security or provide any form of advisory services. These services are offered through non-custodial vaults on decentralized finance platforms — users retain full control of their private keys and wallets at all times. Nothing in this marketing material constitutes investment, legal, or tax advice. These products are not deposit instruments and carry no depository or other insurance. Any discussion of yield or performance is prospective and abstract, not guaranteed, and may go to zero — past results don't predict future ones. Users should only participate with full understanding of the risks involved.
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