Key facts
- Decrypt Money Accounts are now live on Solana.
- Balances are held in USDT.
- The accounts support Earn, Swaps, Predictions, and Perps.
- Deposits can be made using various payment methods.
- The platform is self-custodial; Decrypt does not hold private keys.
- Gas fees are sponsored via fee-payer co-signing.
Decrypt Money Accounts have been launched on the Solana blockchain, offering users a single, self-custodial USDT balance to access various financial products including Earn, Swaps, Predictions, and Perps. The platform aims to simplify the user experience by eliminating the need for bridging or per-product deposits, and by sponsoring network gas fees through fee-payer co-signing. Users can deposit funds using a wide range of payment methods. Decrypt emphasizes that it does not hold users' private keys, ensuring self-custody, with plans to enable private key export for compatibility with other Solana wallet software. The infrastructure is designed to handle cross-chain activities seamlessly, allowing users to trade on markets like Myriad Predictions, which settle on BNB Chain, from their single Solana balance. Existing Myriad Wallet users can transition to Decrypt Money Accounts without requiring a migration. These accounts form the foundation for The Information Exchange, Decrypt's financial and intelligence market, which is built in conjunction with Myriad and the upcoming MYR token. The Information Exchange focuses on assembling reporting, data, prices, and probabilities around specific subjects, with plans to expand its financial instruments beyond prediction markets to include spot, perpetual futures, and structured event products.