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- Your Cash account balance must be withdrawn to your main Phantom wallet before a DeFi app can use it.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 as CASH from your Cash account
If you have a balance in your Cash account, withdraw it as CASH to your main Phantom balance.
- On the Home tab, tap Cash.
- Under Send Cash, tap Send to Wallet.
- Under Accounts, choose an account in your Phantom wallet.
- Enter the amount.
- Review and confirm.
CASH appears in your main Phantom balance, in the account you selected.
Swap into CASH
You can also acquire CASH through the Trade tab.
- Tap the + button in the lower right, then tap Trade. Or swipe to the Trade tab.
- In You Pay, select the token you want to swap from.
-
In You Receive, select CASH.
Note: When buying the stablecoin, make sure you select CASH with the white stablecoin icon and verified checkmark. Do not select the purple Cash account option.
- Review the swap details, then complete the swap.
CASH now appears in your wallet balance.
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.