Paystream SOL Protocol Announces Closure and Liquidation

Paystream, a Solana-based revenue protocol, ceases operations after failing to scale automated vaults. The team releases open-source code and plans liquidation via MetaDAO.

Woofun AI reports that Paystream, a Solana-based protocol focused on on-chain profit generation, announced its closure and liquidation on August 15. Founder Maushish detailed the project's evolution from a P2P lending hackathon entry to an LP management tool, and finally to a Funding Rate Farmer for perpetual contracts. This final iteration recorded 185 user positions with $232,000 in deposited margin. Funded through MetaDAO, the project faced reduced capital following a May restructuring proposal. The team size decreased from six members to one, while subsequent efforts to build automated vaults and salary compliance products failed. Operations are ceasing with the release of open-source code for the funding rate arbitrage filter. Liquidation details will be communicated through MetaDAO upon finalization.