Use CASH in DeFI apps
You can use CASH in supported DeFi apps such as Kamino to lend, borrow, provide liquidity, and more.
Before you connect to a DeFi app, make sure the CASH is in your main Phantom wallet. If it's still in your Cash account, withdraw it to your wallet first.
- CASH is the stablecoin that appears in your main Phantom wallet.
- Your Cash account balance must be withdrawn to your main Phantom wallet before a DeFi app can use it.
- When connecting to a DeFi app, choose the Phantom account that holds your CASH.
Important: DeFi apps are third-party services. Phantom does not control their availability, APY, rewards, deposits, withdrawals, or product terms. Review the app carefully before connecting your wallet or depositing funds.
Step 1: Acquire CASH #
Withdraw Cash to a wallet #
- On the Home tab, tap Cash.
- Tap Withdraw > Wallet.
- Under Accounts, choose a recipient. You can transfer to your own accounts in Phantom, to Phantom users, or to any Solana wallets. Be careful when sending to exchanges. Loss of funds may occur if the exchange doesn't support CASH token.
- Enter the amount.
- Review the details and confirm the transfer.
Here's how funds arrive once the transaction confirms:
- If sent to a Phantom user that has a Cash account, funds arrive in their Cash account balance.
- If sent to a Solana address, funds arrive as CASH. If the address has not held CASH token before, Solana will charge you a one-time fee on your transfer to set up a token account for receiving CASH.
Step 2: Earn yield with CASH on Kamino #
Kamino is one example of a DeFi app that may support CASH. Before you start, confirm that the Phantom account you connect is the same account that holds CASH.
- Go to kamino.com.
- Connect the Phantom account that holds CASH.
- Choose a product that supports CASH, such as:
- Lend: Deposit CASH to earn yield, such as CASH Earn.
- Borrow: Use CASH in borrowing strategies, depending on the product.
- Liquidity: Provide liquidity in CASH trading pairs, such as CASH-USDC or PRIME-CASH.
The APY shown in Kamino can come from multiple sources, such as borrower interest and partner incentives. Phantom does not set or guarantee these rates.