Feb 23, 2026

2 min read

A Slew of Updates for Traders

Return

P0 is extending into interest rate derivatives, including fixed rate products via Exponent. Specific PT (fixed-yield) tokens for products in which we offer variable yield natively on P0’s credit market are now live on Project 0.


We’re going to be watching growth with these interest rate products, and are considering popular Rate-X products as well. If you have specific rate derivative products you’d like to see included on P0, please let us know.

Live today via Exponent:

- PT-HYLOSOL: 10.78% APY

- PT-BULKSOL: 7.64% APY

- PT-HYUSD: 7.66% APY

You can combine these PT tokens with your native Kamino, Drift, and P0 positions to improve account health, margin, risk, and credit. No more silos—straightforward cross-venue leverage.

New Multi-Venue LSTs for Looping

Following a large inflow in Drift-native deposits, we’ve expanded options for yield loops, capturing spreads between Drift, Kamino, and Project 0 interest rates:

- Drift-INF: 10.68% APY

- Drift-mSOL: 8.27% APY

- Drift-jitoSOL: 9.10% APY

You don’t need to actively manage this! We have one-click execution via P0 Strategies, on app.0.xyz/strategies. This tool enables you to capture spreads that were actually impossible before — eg you’ve never been able to collateralize a Kamino deposit to borrow elsewhere on eg P0… now you can. This is an extremely under-explored space, lots of opportunity is available for the taking here.

Kamino-Native STKESOL Integration

Publicly-traded Sol Strategies recently launched a LST and is incentivizing deposits on Kamino. That is now accessible with unified margin from P0:

- STKESOL Current APY: 8.06%

You can uniquely collateralize Kamino positions like STKESOL to borrow natively on P0. This is available via one-click on P0 Strategies!

New Strategies tooling: Collateral & Debt Swaps

If you’re leveraging one-click P0 Strategies, your main annoyance has likely been unwinding and re-looping Strategies you want exposure to. That’s finally no longer necessary:

Collateral and debt swap are live now, enabling you to change to higher yielding collateral or lower cost debt mid-position — you no longer need to un-loop or re-loop!

This saves time and slippage by utilizing our flashloans. You can cut repositioning costs by 20-50+ basis points in volatile markets.

Project 0 is the largest DeFi prime broker in crypto, with integrations across 6 Kamino markets, new Drift markets, and the native P0 credit market. If you’re utilizing 2+ venues in DeFi today, you likely can get better risk, rates, margin, credit, and UX through P0. Give it a try here: app.0.xyz