Backyard Finance vinner på KUMEKATHON og åpner hvitliste for betatesting

This Ukrainian project on the Solana blockchain is drawing attention with its innovative model that combines stablecoin yield strategies from various protocols into a single portfolio and allows the issuance of the liquid stablecoin BYD, backed by tokens from these strategies.

What is Backyard Finance?

Backyard Finance is a DeFi protocol that enables users to aggregate yield vaults for stablecoins from different platforms into a diversified strategy. Users can mint the stablecoin BYD against LP tokens from these strategies through a user-friendly interface. The protocol optimizes yield (APY) through DAO voting, ensuring maximum efficiency for users and liquidity for stablecoin issuers.

Key features:

• Each strategy has independent risk parameters, such as LTV ratios, liquidation rules, and supply limits.
• Provides shared liquidity and composability, pegged to $1 through market mechanisms and redemption.
• Includes supply caps, a Stability Pool for protection against liquidations, dynamic APY adjustments, and oracles for accurate valuation.
• BYD is minted fresh against collateral without rehypothecation, with liquidations handled via the Stability Pool or external liquidators.

The project is built on Solana, offering high speed and low fees, making it attractive for yield farmers.

Victory at KUMEKATHON

KUMEKATHON is a community hackathon from Kumeka Team, the Ukrainian Solana hub that's part of Superteam. The event offers over $200,000 in prizes, grants, and seed investments for web3 startups. In 2025, KUMEKATHON focused on the Ukrainian Cypherpunk track, where Backyard Finance claimed first place, outperforming competitors like StakeNova (second place) and Runner with HedgeYourFun (third place).

As reported by Incrypted, Backyard Finance's win underscores the high demand for their DeFi model.

"The project aggregates stablecoin yield strategies from multiple platforms into a single portfolio and issues BYD - a liquid stablecoin fully backed by these strategies" the publication notes.

The victory opens doors for further development, including potential grants and investments from Kumeka Team.

Whitelist for Beta Testing: How to Join?

Backyard Finance has now opened a Whitelist form for early access to beta testing. Whitelist participants will gain advantages over other users, such as priority access to features, potential rewards, and influence on project development.

To join:

1. Visit the website: backyard.finance.
2. Connect your wallet (Solana-compatible, like Phantom, is recommended).
3. Fill out the form with basic information.

The Future of Backyard Finance

While the official roadmap isn't detailed in available sources, the project is actively developing: recent X posts mention participation in Solana Breakpoint 2025 and integrations with other protocols. With a focus on stability and yield, Backyard Finance could become a key player in the Solana ecosystem, especially in the stablecoin segment.