---
type: entity
entity_type: company
name: "Paystream"
domain: internet-finance
handles: ["@paystreamlabs"]
website: https://paystream.finance
status: active
tracked_by: rio
created: 2026-03-11
last_updated: 2026-04-02
parent: "[[metadao]]"
launch_platform: metadao-curated
launch_order: 7
category: "Liquidity optimization protocol (Solana)"
stage: early
token_symbol: "$PAYS"
token_mint: "PAYZP1W3UmdEsNLJwmH61TNqACYJTvhXy8SCN4Tmeta"
founded_by: "Maushish Yadav"
built_on: ["Solana"]
tags: [metadao-curated-launch, ownership-coin, defi, lending, liquidity]
competitors: ["Kamino", "Juplend", "MarginFi"]
source_archive: "inbox/archive/2025-10-23-futardio-launch-paystream.md"
---

# Paystream

## Overview

Modular Solana protocol unifying peer-to-peer lending, leveraged liquidity provisioning, and yield routing into a single capital-efficient engine. Matches lenders and borrowers at fair mid-market rates, eliminating the wide APY spreads seen in pool-based models like Kamino and Juplend. Integrates with Raydium CLMM, Meteora DLMM, and DAMM v2 pools.

## Investment Rationale (from raise)

The pitch: every dollar on Paystream is always moving, always earning. Pool-based lending models have structural inefficiency — wide APY spreads between what lenders earn and borrowers pay. P2P matching eliminates the spread. Leveraged LP strategies turn idle capital into productive liquidity. The combination targets higher yields for lenders, lower rates for borrowers, and zero idle funds.

## ICO Details

- **Platform:** MetaDAO curated launchpad (7th launch)
- **Date:** October 23-27, 2025
- **Target:** $550K
- **Committed:** $6.15M (11x oversubscribed)
- **Final raise:** $750K
- **Launch mechanism:** Futardio v0.6 (pro-rata)

## Current State (as of early 2026)

- **Trading:** ~$0.073, down from $0.09 ATH. Market cap ~$680K — true micro-cap
- **Volume:** Extremely thin (~$3.5K daily)
- **Supply:** ~12.9M circulating of 24.75M max
- **Achievement:** Won the **Solana Colosseum 2025 hackathon**
- **Treasury:** $241K USDC remaining, $33.5K monthly allowance

## Team

Founded by **Maushish Yadav**, formerly a crypto security researcher/auditor who audited protocols including Lido, Thorchain, and TempleGold. Security background is relevant for a DeFi lending protocol.

## Governance Activity

| Decision | Date | Outcome | Record |
|----------|------|---------|--------|
| ICO launch | 2025-10-23 | Completed, $750K raised | [[paystream-futardio-fundraise]] |
| $225K treasury buyback | 2026-01-16 | Passed — 4,500 orders over 15 days at max $0.065/token | See inbox/archive |

The buyback follows the NAV-defense pattern now standard across MetaDAO launches — when an ownership coin trades significantly below treasury NAV, the rational move is buybacks until price converges.

## Open Questions

- **Adoption.** Extremely thin trading volume and micro-cap status suggest limited market awareness. The hackathon win is a signal but the protocol needs users.
- **Competitive moat.** P2P lending + leveraged LP is a crowded space on Solana. What prevents Kamino, MarginFi, or Juplend from adding similar P2P matching?
- **Treasury runway.** $241K at $33.5K/month gives ~7 months without revenue. The buyback spent $225K — aggressive given the treasury size.

## Timeline

- **2025-10-23** — MetaDAO curated ICO opens ($550K target)
- **2025-10-27** — ICO closes. $750K raised (11x oversubscribed).
- **2025** — Won Solana Colosseum hackathon
- **2026-01-16** — $225K USDC treasury buyback proposal passed (max $0.065/token, 90-day cooldown)

---

Relevant Notes:
- [[metadao]] — launch platform (curated ICO #7)

Topics:
- [[internet finance and decision markets]]
