Crypto, without the jargon.

A blockchain is a list of transactions grouped into 'blocks' and chained together. Many independent computers each keep a copy and constantly agree on what's true.

That shared agreement is what lets strangers transact without a middleman, and what makes the history very hard to fake or quietly change.

see also: crypto, solana, smart contract

A centralized exchange, often shortened to "CEX," is a business that lets you trade crypto through an app or website, much like an online stock broker or banking app. Well-known examples include Binance and Coinbase. You sign up, pass identity checks, and the exchange matches buyers and sellers.

The key trade-off is who holds your crypto. On a CEX, the company keeps your coins in its own wallets and shows you a balance; this is called custodial. It is convenient and easy to use, but you are trusting the company to stay solvent, secure, and honest, and to let you withdraw when you want.

This is different from a non-custodial wallet or a decentralized exchange (DEX), where you control your own funds directly. Many people use a CEX to first buy crypto, then move it to their own wallet for control. To do that you must withdraw to your wallet address rather than leaving everything on the exchange.

see also: custodial, non custodial, wallet, dex, kyc, not your keys not your coins

Crypto is money (and other assets) that lives on a shared, public record called a blockchain — not in a single bank's private system.

Because thousands of computers keep a copy and agree on it, you can hold and move it without asking any one company for permission. That openness is the whole point — and the reason it behaves differently from a normal bank app.

see also: blockchain, wallet, solana

With a custodial service, the company controls the keys and holds your funds. Convenient, but you're trusting them not to freeze, lose, or mishandle it.

It also requires heavy licensing and ID checks. mybitduit deliberately avoids this model.

see also: non custodial, exchange

An e-wallet is a familiar app in Southeast Asia such as GCash, Maya, GrabPay, or Touch 'n Go. It stores regular money (pesos, ringgit) on your behalf. The company controls the system: it can freeze your balance, reverse a transfer, and you log in with a username and password they can reset for you.

A crypto wallet is different in one key way: in a non-custodial wallet, you hold the keys to your own coins, and no company can move or freeze them for you. There is no "forgot password" button. If you lose your seed phrase, no one can recover your funds. This is more freedom but also more responsibility.

The two are not enemies; they work together. Many people fund crypto from an e-wallet (an on-ramp) and cash out back to one (an off-ramp). The simple rule: an e-wallet means a company holds your money, while a non-custodial crypto wallet means you hold it yourself.

see also: wallet, non custodial, custodial, seed phrase, on ramp

An off-ramp is the exit door from crypto back to everyday money. "Fiat" just means government-issued currency such as the Malaysian ringgit, Philippine peso, or US dollar. An off-ramp takes the digital coins in your wallet and pays you out in that currency, usually to a bank account or e-wallet.

It is the mirror image of an on-ramp, which brings cash into crypto. Most people off-ramp through a regulated exchange or a licensed payment service, which means you will typically need to verify your identity (KYC) before you can withdraw to a local bank.

Off-ramps matter most for spending and remittances: getting a stablecoin across a border is fast and cheap, but the receiver usually wants local cash they can actually use. The quality of available off-ramps in a given country often decides how practical crypto is for real day-to-day use there.

see also: on ramp, stablecoin, kyc, remittance, local stablecoin

Every action that changes the blockchain (a send, a swap) costs a small network fee. On Solana these are tiny — often less than $0.001.

You need a little SOL in your wallet to cover them. Just holding or viewing coins costs nothing.

see also: solana, wallet

Market capitalization, or "market cap," estimates the total size of a crypto project by multiplying the price of a single coin by the number of coins that currently exist (the circulating supply). For example, 1,000,000 coins at $2 each gives a $2 million market cap.

Market cap is useful because price alone is misleading. A coin priced at $0.01 is not automatically "cheap" and one at $1,000 is not automatically "expensive"; what matters is the total supply behind that price. Market cap lets you compare projects of different sizes more fairly.

Be careful with related numbers. "Fully diluted" market cap assumes every coin that could ever exist already does, which can be far larger than the current figure. And a high market cap does not guarantee safety or quality; it is one data point, not a recommendation, and this wiki offers no financial advice.

see also: token vs coin, volatility, ticker symbol, portfolio pnl

Non-custodial means the app only ever shows you information or asks your own wallet to approve something. It can't move your funds on its own.

That's safer for you (nothing to freeze or lose) and simpler for builders (no licenses needed to hold other people's money). It's mybitduit's core rule.

see also: custodial, wallet

"Not your keys, not your coins" is one of the most repeated phrases in crypto. It means that real ownership comes from controlling the private keys (or seed phrase) to a wallet. If someone else holds the keys, they hold the power over your funds, no matter what a balance on a screen says.

When you leave crypto on a centralized exchange, the exchange holds the keys; this is custodial. It is convenient, but you are trusting the company not to freeze withdrawals, get hacked, or fail. History has examples of users unable to recover funds when an exchange collapsed. With a non-custodial wallet, you hold the keys yourself, so the funds are genuinely yours to move anytime.

The trade-off is responsibility: holding your own keys means there is no company to reset a password or reverse a mistake, so you must back up your seed phrase safely and keep it secret. The phrase is a reminder to think about who actually controls your money.

see also: non custodial, custodial, seed phrase, private key vs public address, wallet, centralized exchange cex

A public address is the string you share so people can send crypto to you. It is safe to give out, similar to giving someone your bank account number so they can deposit money. Anyone can see it and send to it, but seeing it does not let them take anything.

A private key is the secret that proves you own that address and authorizes spending from it. Whoever has the private key controls the funds, full stop. For this reason you must never share it, type it into a website, or store it where others can find it. Most wallets show you a seed phrase instead, which is a human-readable backup that can recreate your private key.

Think of the address as a mailbox slot anyone can drop letters into, and the private key as the only key that opens the mailbox. If someone gets your private key or seed phrase, they can empty your wallet instantly, and the transfer cannot be reversed.

see also: wallet, seed phrase, non custodial, not your keys not your coins, transaction

A remittance is money that a person working in one country sends back to family or friends in another. Southeast Asia is one of the world's biggest receivers: the Philippines alone takes in tens of billions of dollars a year, and these transfers are a major part of many households' income.

The catch is cost and speed. Sending money the traditional way (through banks or cash-transfer agents) often costs around 6% of the amount on average worldwide, and can take days to arrive. On a few hundred dollars sent monthly, those fees add up to real money lost.

This is why crypto rails interest the region. Sending a stablecoin on a fast, cheap network can move value across borders in seconds for a tiny fee, then be cashed out to local currency. The trade-off is that you handle the steps yourself, and you still need a trusted way to turn crypto back into spendable cash at the other end.

see also: stablecoin, fiat off ramp, local stablecoin, solana pay, usdc

A rug pull is a scam where the people behind a token promote it heavily to attract buyers, then pull out all the value, by selling their hidden stash, draining the funds backing the token, or coding the token so others can never sell. The price collapses to near zero and the team vanishes, leaving holders with worthless tokens.

Rug pulls are common because making a token on Solana is fast and cheap, so scammers can spin up convincing-looking projects quickly. Warning signs include promises of guaranteed or huge returns, anonymous teams, pressure to buy immediately, no real product, and a tiny group holding most of the supply.

Protect yourself with a few habits: never share your seed phrase or private key, treat unexpected tokens and "free" offers with suspicion, verify a token's contract address from an official source before swapping, and be wary of links sent in DMs or comments. When something sounds too good to be true, it usually is. This wiki gives safety information, not financial advice.

see also: airdrop, seed phrase, private key vs public address, ticker symbol, non custodial, transaction

When you create a wallet it gives you a 'seed phrase' (or 'recovery phrase'). It can restore your wallet on any device — which means it's also the ultimate password.

Never type it into a website, never share it, and store it offline. No legitimate app or person will ever ask for it.

see also: wallet, non custodial

Solana is a blockchain designed for speed and very low fees, which makes it good for everyday-feeling apps, payments, and trading.

mybitduit is built for the Solana ecosystem. Today it just shows market data; as it grows into wallet and swap features, those on-chain actions will be quick and nearly free compared to older networks like Ethereum.

see also: blockchain, gas, stablecoin

Solana Pay is an open payment standard (not a company) that lets a shop or person accept crypto directly from a customer's wallet. In practice it usually looks like a QR code: the merchant's screen shows a code tied to the exact amount, the customer scans it with their wallet app, checks the details, and approves.

Because the payment settles on Solana, it confirms in under a second and the network fee is a tiny fraction of a cent, far below typical card-processing fees of around 3%. Payment goes straight from the buyer's wallet to the seller's, with no card network in between.

For Southeast Asia, where QR-code payments are already an everyday habit, this format feels natural. A common setup is paying in a stablecoin like USDC or a local-currency coin, so both sides deal in steady value rather than a coin whose price jumps around.

see also: solana, wallet, stablecoin, usdc, non custodial

Stablecoins track a real-world currency (most often the US dollar) so their price stays near $1 instead of swinging around.

People use them to hold value, send money, and pay without the volatility of coins like SOL or BTC. That's why their charts look like a flat line near $1.

see also: usdc, local stablecoin, volatility

Superteam is a network of regional Solana communities that pay bounties, give grants, and run hackathons to help local builders ship.

It's a key part of mybitduit's distribution story in Southeast Asia.

see also: solana

A ticker, or symbol, is the short abbreviation used to label a cryptocurrency in wallets, exchanges, and price charts. SOL stands for Solana, USDC for USD Coin, and BTC for Bitcoin. It is shorthand so the full name does not have to be written every time.

An important safety point: tickers are not unique or protected. Because anyone can create a token on Solana, multiple different tokens can use the same ticker, and scammers deliberately copy the symbol of a popular project to trick people. The ticker alone does not prove a token is the real one.

To be sure you have the genuine token, check its full contract address (a unique on-chain identifier) from an official source, rather than trusting the displayed name or symbol. When swapping on a DEX, verifying the address protects you from buying a copycat.

see also: token vs coin, solana, usdc, dex, scam rug pull safety

A "coin" usually means the built-in currency of a blockchain itself. On Solana that coin is SOL, which is used to pay network fees. Coins are part of how the network runs at the deepest level.

A "token" is something someone creates using a blockchain that already exists, without building a new network. Most things you trade on Solana, including stablecoins like USDC and thousands of community projects, are tokens living on Solana. Creating a token is easy and cheap, which is part of why so many exist.

The practical takeaway: a blockchain typically has one coin but can host a huge number of tokens. Because anyone can make a token in minutes, the fact that something is "a token on Solana" tells you nothing about whether it is trustworthy or worth anything. Always research the project behind it.

see also: solana, stablecoin, usdc, smart contract, ticker symbol

A transaction is any action you take on a blockchain that gets written to its shared record: sending tokens to a friend, swapping one token for another, or interacting with an app. Your wallet signs the transaction with your private key to prove it is really you, then the network checks it and records it.

On Solana, transactions usually confirm in under a second and cost a fraction of a cent in fees, paid in SOL. That low cost and speed is one reason Solana is popular for everyday transfers and trading.

The most important thing to understand is that confirmed transactions are permanent. There is no bank or support line that can reverse a payment sent to the wrong address or to a scammer. Always double-check the receiving address and amount before approving, because once it is confirmed, it is final.

see also: blockchain, gas, solana, swap, private key vs public address, scam rug pull safety

Volatility describes how much a price swings over time. A highly volatile asset can rise or fall a large percentage in a single day, while a low-volatility asset moves slowly. Many cryptocurrencies are very volatile, meaning their value can change dramatically in short periods.

This matters because price swings cut both ways: the same movement that can grow a balance quickly can shrink it just as fast. Volatility is not a prediction of direction; it only describes the size of the swings, not whether the price will go up or down.

Stablecoins exist partly as a response to this. Because a stablecoin like USDC aims to track one US dollar, it is designed to have very low volatility, which is why people use it to hold value or move money without riding the price swings of other crypto. This wiki does not give financial advice; understanding volatility simply helps you judge risk.

see also: stablecoin, usdc, market cap, portfolio pnl

A wallet doesn't really 'store' your coins — the coins live on the blockchain. The wallet holds your keys, which prove ownership and let you approve actions.

Making one is free and takes a couple of minutes. You only pay tiny fees when you actually move funds. Guard the recovery phrase like a master password.

see also: seed phrase, non custodial, phantom

A block explorer is like a public search engine for a blockchain. Because every transaction is recorded openly, you can paste in a transaction ID, a wallet address, or a token and see exactly what happened: amounts, timestamps, which wallets were involved, and whether a transaction succeeded or failed. Solscan is the most popular Solana explorer (it was acquired by Etherscan, the well-known Ethereum explorer, in early 2024).

Common uses for a newcomer: confirming that a swap or transfer actually went through, checking the details of a token before trading it, or reading the error message when a transaction fails. Many wallets and apps link straight to Solscan so you can inspect what you just did.

Remember that explorers show public information only. Seeing your wallet address and balance on Solscan is normal and expected; it does not mean anyone can touch your funds, because that still requires your private keys. Other Solana explorers include the official Solana Explorer and SolanaFM.

see also: blockchain, wallet, solana, spl token, swap

Different blockchains do not naturally talk to each other, so a bridge is the connector that lets you move assets between them. Typically you lock or hand over a token on the first chain, and the bridge issues you an equivalent token on the second chain. This is how, say, value from Ethereum ends up usable on Solana.

Bridges are genuinely useful, but they have a poor security track record. Because they hold large pools of assets in one place, they are prime targets for hackers. The Wormhole bridge connecting Solana and Ethereum was exploited in 2022 for around 320 million dollars; the funds were later restored by its backers, but it remains a textbook example of bridge risk.

Practical takeaways for a newcomer: prefer well-established bridges, move smaller amounts when you are unfamiliar, and double-check you are on the official site, since fake bridge websites are a common scam. Often the simpler path is to buy the asset directly on the chain you want via an on-ramp. This is information, not financial advice.

see also: solana, crypto, on ramp, swap, smart contract

Mainnet (formally "mainnet-beta") is the live Solana network. Everything here uses real SOL and real tokens with real monetary value; this is where actual money moves. Devnet is a separate practice network that behaves like the real thing but uses worthless test SOL, so developers can build and try apps without risking funds. Testnet is a third network used mainly by validator operators to test upgrades.

On devnet and testnet you can get free test SOL from a "faucet," because it has zero value. That free SOL only works on those test networks; it cannot be moved to mainnet or sold, and the two are completely separate. If an app shows "devnet" somewhere in its interface, you are not handling real money.

Why this matters for a newcomer: if someone offers to send you "free SOL," or an app is running on devnet, that SOL is not real money even though it looks identical in a wallet. Always confirm which network you are on before assuming a balance has real value.

see also: sol, solana, wallet, rpc

A DEX lets you swap one token for another straight from your wallet. There's no account and no company custodying your funds — code matches buyers and sellers.

Because it's non-custodial, you stay in control the whole time. mybitduit will let you trade through a DEX aggregator without ever touching your coins.

see also: swap, jupiter, non custodial

Every Solana transaction charges a small base fee, fixed at 0.000005 SOL (a fraction of a cent), with an optional tiny "priority fee" you can add to get processed faster when the network is busy. This is Solana's version of gas, and it is famously cheap compared with many other blockchains.

Rent is different and often surprises newcomers. To store data on Solana, including the small account that holds each SPL token you own, the network requires a minimum SOL deposit, around 0.002 SOL per token account. This is not a fee that disappears; it is a refundable deposit that is returned to you if you later close that account. It is why a brand-new wallet needs a little SOL before it can receive certain tokens.

The practical upshot: always keep a small amount of SOL in your wallet to cover fees and rent deposits, even if you mainly hold stablecoins. Without a bit of SOL, your transactions and incoming token transfers can fail.

see also: gas, sol, spl token, wallet, solana

Jupiter is an aggregator: instead of trading on one venue, it routes your swap across many to get the best rate. Most Solana swaps go through it.

mybitduit plans to use Jupiter for swaps — your wallet signs, Jupiter routes, and we stay non-custodial.

see also: swap, dex

KYC is the identity check banks and licensed crypto services run to comply with the law. It's why buying crypto with a card asks for your ID.

Non-custodial tools like mybitduit don't need to KYC you, because they never hold your money. Any fiat step is handed to a KYC'd partner.

see also: on ramp, custodial

Liquidity describes how much can be traded before the price starts to shift. A coin with high liquidity has many people ready to buy and sell at any moment, so a normal-sized trade barely nudges the price. A coin with low liquidity is "thin": even a small trade can swing the price up or down a lot.

On a DEX like Jupiter, your trade is filled from a shared pool of two tokens supplied by other users. The bigger that pool, the more liquidity there is, and the closer you get to the price you expect. Small or new tokens often have shallow pools, which is why their prices jump around.

Why it matters: low liquidity is the main reason your final price can differ from the quoted price (see slippage). Before swapping a less-known token, it is worth checking that there is enough liquidity behind it. This is information, not advice.

see also: slippage, dex, swap, jupiter, amm

Beyond US-dollar coins, there are stablecoins tracking local currencies — XSGD, XUSD (StraitsX), PHPC (Philippine peso), and more.

These matter for Southeast Asia, where everyday value is in ringgit, pesos, and SGD — a focus area on mybitduit's roadmap.

see also: stablecoin, usdc

An on-ramp lets you buy crypto with a card or bank transfer; an off-ramp does the reverse. These partners handle the banking and ID checks.

mybitduit would link out to a partner for this rather than holding your money — so the compliance burden stays with them.

see also: kyc, stablecoin

Phantom is a widely used non-custodial Solana wallet. Connecting it to a site only shares your public address — like an email, not a password.

When mybitduit asks to view your wallet or make a swap, Phantom pops up so you can review and approve. It can't move funds without your tap.

see also: wallet, non custodial

PHPC, the Philippine Peso Coin, is a stablecoin where each token aims to be worth one Philippine peso. It is issued by Coins.ph, a Philippine crypto exchange, and was launched with approval from the Bangko Sentral ng Pilipinas (the country's central bank). It is designed to be fully backed by peso-denominated reserves such as cash and short-term instruments.

A peso-denominated coin matters because most stablecoins track the US dollar, which leaves users exposed to peso-vs-dollar swings. PHPC lets Filipinos hold and send value on-chain in their own currency, and it enables trading pairs like USDC-to-PHPC. It launched on chains such as Ronin, with expansion to Solana announced to improve speed and lower costs.

The main use cases pushed for PHPC are remittances and on-chain currency exchange, given the huge flow of money sent home to the Philippines each year. Like any stablecoin, its reliability rests on the issuer holding genuine reserves and honoring redemptions.

see also: local stablecoin, stablecoin, remittance, usdc, solana

Your portfolio is the set of coins a wallet holds and their total value. PnL ('profit and loss') compares what they're worth now against what you paid.

mybitduit can show this read-only for any wallet address from public on-chain data — no login, no custody.

see also: wallet, market cap

A fair question about a non-custodial app is: if it never holds my money, how does it stay in business? One common answer is referrals. When you use a service through the app, such as swapping tokens on a connected exchange or on-ramping through a partner, the app may earn a small cut of the fee that service already charges.

The important point is what does not change: your funds stay in your own wallet the whole time, and the app cannot move or freeze them. A referral arrangement is about the app earning a slice of a partner's fee, not about taking custody of your coins. Well-run tools disclose these arrangements so you can see how they make money.

As a user, the things to watch are whether the total fee you pay is competitive and whether the app is open about its referral relationships. A referral model can keep a non-custodial tool free or cheap to use, but you should still compare the all-in cost against doing the same action elsewhere.

see also: non custodial, swap, dex, on ramp, gas

"On-chain" means a currency exists as tokens on a blockchain that you can send peer-to-peer, rather than only as numbers in a bank's system. For Southeast Asia, this means local-currency stablecoins: tokens that track the ringgit, peso, or Singapore dollar one-for-one, instead of only the US dollar.

The Philippine peso already has a live, central-bank-approved coin (PHPC). The Singapore dollar has XSGD from StraitsX. The Malaysian ringgit is earlier in the journey: as of 2026, Bank Negara Malaysia has been running supervised work on digital assets and several ringgit-stablecoin projects exist, but there is no single mainstream consumer coin yet, so treat ringgit options as still emerging.

Why it matters: holding value in your own currency avoids the exchange-rate risk of dollar coins, and on-chain transfers can make remittances and local payments faster and cheaper. The catch is that each coin is only as trustworthy as its issuer and the rules it operates under.

see also: local stablecoin, phpc, straitsx, stablecoin, remittance

RPC stands for Remote Procedure Call. In practice it is the server endpoint that your wallet or a Solana app talks to in order to check your balance, fetch token prices, and submit your transactions to the network. Your device does not connect to the whole blockchain directly; it goes through an RPC node that does the heavy lifting.

Most of the time this is invisible: your wallet ships with a default RPC and it just works. But during busy periods a slow or overloaded RPC can make transactions feel laggy or fail to send, even when nothing is wrong with your funds. Some wallets let you switch to a different (often paid or premium) RPC for more reliability.

A safety note: an RPC can read public chain data and relay the transactions you sign, but it cannot move your funds on its own; only a transaction you approve with your keys can do that. Still, only change your RPC to a provider you trust, since a malicious one could feed you misleading information.

see also: wallet, solana, non custodial, block explorer

When you swap on a DEX, the price can move slightly between the moment you see the quote and the moment your trade settles. That gap is slippage. It happens because other people are trading at the same time and because each trade you make shifts the price in the pool a little.

Most wallets and DEXs let you set a "slippage tolerance," for example 0.5% or 1%. This is the maximum difference you are willing to accept. If the real price moves more than that, the trade cancels instead of filling at a bad rate. Setting it too low can cause trades to fail; setting it too high can let you get a worse price than expected.

Slippage tends to be small for large, liquid tokens like USDC or SOL and larger for thin, low-liquidity tokens. A very wide slippage setting on a thin token is also how some people get exploited by "sandwich" attacks, so it pays to keep the tolerance reasonable.

see also: liquidity, swap, dex, jupiter, usdc

SOL is Solana's built-in cryptocurrency. It plays a few roles: it pays the tiny fees for every transaction, covers the small refundable "rent" deposits for storing tokens, and can be staked to help secure the network in exchange for rewards. Unlike the tokens that live on Solana (SPL tokens such as USDC), SOL is the network's own native asset.

Even if your goal is just to hold a stablecoin like USDC, you still need a small amount of SOL in your wallet to move it, because fees and storage deposits are paid in SOL. A common beginner mistake is funding a wallet only with USDC and then being unable to do anything because there is no SOL for fees.

Like most cryptocurrencies, SOL's market price moves up and down, sometimes sharply. This wiki does not predict prices or give financial advice; the key practical point is simply to keep a little SOL on hand so the network works for you.

see also: solana, gas rent solana, spl token, staking, usdc

A sparkline is a small, label-free line graph you often see beside a token in a list, a quick visual of whether the price has been trending up, down, or sideways over a recent window (say the last 24 hours). A full price chart is the larger version, usually with a time scale you can change (1 hour, 1 day, 1 week) and the price on the side.

The basics of reading one: time runs left to right, price runs bottom to top. A rising line means the price went up over that period; a falling line means it went down. Many charts use "candlesticks," where each candle shows the open, high, low, and close for a slice of time; green commonly means it closed higher, red means lower. Always check what time range you are looking at, because a coin can look very different over a day versus a month.

A chart only shows the past. It cannot tell you what a price will do next, and patterns that look obvious in hindsight are not predictions. Treat charts as one piece of context, not a signal to buy or sell. This is information, not financial advice.

see also: portfolio pnl, swap, liquidity, dex, volatility

SPL stands for Solana Program Library. An SPL token is any token that follows Solana's shared token standard, which is the common rulebook that lets wallets, DEXs, and apps all handle different tokens the same way. USDC on Solana, most stablecoins, and the vast majority of project tokens are SPL tokens. SOL itself is the network's native coin and is handled slightly differently.

Each SPL token type has a unique "mint" address that identifies it; this is how your wallet tells a real token apart from a copycat that uses the same name. When you receive a new SPL token, your wallet creates a small "token account" to hold it, which is why a tiny amount of SOL is set aside as rent (refundable when the account is closed).

Because anyone can create an SPL token, the standard says nothing about whether a token is trustworthy. Always verify a token's mint address on a block explorer like Solscan before trading, since scammers commonly clone the names and logos of well-known tokens.

see also: usdc, sol, gas rent solana, block explorer, stablecoin

Solana is kept running and secure by validators, computers that confirm transactions. Staking means assigning ("delegating") your SOL to a validator to back its work. In return, the network pays out rewards from newly created SOL, recently in roughly the 6 to 7% per year range, though the exact rate moves over time and depends on the validator's fees and reliability.

Native staking on Solana is non-custodial: your SOL stays in your own wallet and you are only delegating it, not handing it over. You can unstake at any time, but the SOL is locked until the end of the current epoch (about two days), so it does not become spendable instantly. Rewards are paid out once per epoch.

Staking is not free money: reward rates change, and a poorly run validator can earn you less. It also differs from liquid staking, where you get a tradable token representing your staked SOL. None of this is financial advice; choose a validator and method based on your own research.

see also: sol, liquid staking, solana, yield apy, non custodial, validator

StraitsX is a Singapore-based payments company that issues stablecoins pegged to real currencies. Its two main coins are XSGD (one token aims to equal one Singapore dollar) and XUSD (one token aims to equal one US dollar). StraitsX is a licensed Major Payment Institution under the Monetary Authority of Singapore, the country's financial regulator.

These coins let people hold and move Singapore-dollar or US-dollar value on a blockchain instead of through a traditional bank transfer. That is useful in Southeast Asia for cross-border payments and for swapping between currencies on-chain. XSGD has been available on several blockchains for years, and StraitsX announced plans to bring both XSGD and XUSD to Solana in early 2026.

Being regulator-acknowledged is the selling point: it means there are rules about how the backing reserves are held. As with any stablecoin, the value of holding one depends on the issuer actually keeping enough reserves to redeem it one-for-one.

see also: stablecoin, local stablecoin, usdc, solana, x402

A swap is the basic crypto trade: give one token, receive another. A router finds the best price across venues; your wallet approves; the exchange happens.

In mybitduit, you'll approve every swap in your own wallet — we never hold or move the funds.

see also: dex, jupiter, slippage

USDC is a regulated stablecoin pegged 1:1 to the US dollar. It's one of the most trusted ways to hold 'dollars' on-chain.

On Solana it's fast and cheap to move, which is why it's central to payments and trading.

see also: stablecoin, local stablecoin

Yield is any return you earn by using your crypto productively, for example staking SOL, lending it out, or providing liquidity to a pool. It is usually shown as a percentage. APY (Annual Percentage Yield) restates that as "how much you would earn in a year," and importantly it assumes your rewards are reinvested and earn more rewards (compounding). A related figure, APR, leaves compounding out.

APY is an estimate, not a guarantee. The number you see today can fall (or rise) tomorrow because it depends on things like how many people are staking, trading volume, or demand for borrowing. A quoted APY is a snapshot, not a promise of future earnings.

Be cautious with very high advertised APYs. Unusually large numbers often come with extra risk: the token paying the reward may lose value, or the underlying activity may not be sustainable. High yield and high risk usually travel together. This is information, not financial advice.

see also: staking, liquid staking, liquidity, sol

A Solana Action is a small web endpoint that describes a specific on-chain task, such as donate, mint, vote, or swap, and tells your wallet exactly what transaction to prepare. A Blink (blockchain link) is the shareable URL or button that triggers that Action, so the task can appear anywhere a link can, including social media feeds, sites, and QR codes.

The point is to remove friction. Instead of leaving a page, hunting for the right app, and pasting addresses, you click a Blink and your wallet pops up a clear preview of what you are about to sign. Solana and Dialect introduced this standard, and a registry helps wallets decide which Actions are safe to display.

Because a Blink can sit on any webpage, the safety rule is the same as always: read the transaction preview your wallet shows you, and only sign if it matches what you expect. A convenient link is still just a doorway to a real on-chain transaction.

see also: wallet, swap, smart contract, solana, phantom, non custodial

When you deposit two tokens into a liquidity pool, the automated market maker constantly rebalances them as people trade. If one token rises sharply against the other, the pool ends up holding more of the cheaper token and less of the pricier one. The result: you can withdraw less total value than if you had simply kept both coins in your wallet. That shortfall is impermanent loss.

It is called impermanent because the gap shrinks if prices drift back to where they started, and only becomes a real loss when you withdraw. Trading fees you earn while providing liquidity offset some or all of it, which is why busy pools can still be worthwhile.

The effect is largest for volatile pairs and almost negligible for pools of two closely-pegged stablecoins (like USDC and another dollar token). Before providing liquidity, it helps to compare expected fees against the likely impermanent loss for that specific pair.

see also: liquidity pool, amm, dex, swap, stablecoin, usdc

In a DeFi lending market, you deposit a token (say USDC) into a shared pool run by a smart contract. Other people borrow from that pool and pay interest, and that interest flows back to you as yield. There is no bank deciding who gets a loan; a program enforces the rules automatically, and you keep control of your funds in a non-custodial way until you withdraw.

Borrowing works the opposite way: you lock up crypto as collateral and borrow a different token against it, usually less than your collateral is worth. Because crypto prices move fast, if your collateral drops too far the protocol can liquidate it, selling part of it to repay the loan and protect lenders. That is why borrowing carries real risk even though there is no credit check.

On Solana, the largest lending markets in 2026 include Kamino, marginfi, and Save (formerly Solend), plus the newer Jupiter Lend. Supplying stablecoins like USDC has commonly paid a few percent APY, but rates float with demand and are never guaranteed. Always understand the collateral and liquidation rules before borrowing.

see also: smart contract, stablecoin, usdc, liquidity pool, leverage liquidation, oracle, non custodial

Leverage lets you control a larger position than your own money would allow, by borrowing the difference, either to amplify a trade (as in perps) or to borrow against collateral in a lending market. A 5x leveraged trade magnifies both your gains and your losses fivefold, so a modest price move against you can wipe out a large share of your deposit.

To protect lenders and the protocol, your position has a liquidation level. If your collateral falls toward the value of what you borrowed, the protocol automatically sells your collateral to close the position. This often happens fast, during sharp price moves, and you usually lose the collateral that was at risk plus a penalty fee.

The key numbers to watch are your leverage and your liquidation price: the price at which you get force-closed. Higher leverage moves that price closer to the current price, making liquidation easier to trigger. This is among the riskiest activities in crypto and is not financial advice.

see also: perps, funding rate, lending borrowing, oracle, mev

Staking locks SOL to support the network and earn rewards. Liquid staking gives you a token (like jitoSOL) representing your stake, which you can still use or trade.

It's popular because it earns yield without giving up flexibility — but it adds smart-contract risk.

see also: smart contract, solana

Most decentralized exchanges do not match individual buyers and sellers. Instead they use liquidity pools: a smart contract holds a reserve of two tokens (for example SOL and USDC), and traders swap against that reserve. A formula sets the price automatically based on how much of each token is left in the pool. This design is called an automated market maker.

Anyone can become a liquidity provider by depositing both tokens into the pool. In return they receive a share of every swap fee, paid in proportion to how much of the pool they own. This is one of the main ways people earn yield on a DEX, and it is what makes instant swaps possible without a traditional order book.

Providing liquidity is not risk-free. The biggest catch is impermanent loss, where price moves between the two tokens can leave you with less value than if you had simply held the coins. Pools of two stablecoins have very little of this risk; volatile pairs have much more.

see also: dex, swap, impermanent loss, amm, smart contract, stablecoin, jupiter

Every block is an ordered list of transactions, and order matters. Someone who controls that order can, for example, slip their own buy in just before a large trade that will push a price up, then sell right after. This profit, available purely from arranging or inserting transactions, is called MEV. It exists on every blockchain, including Solana.

On Solana, much of this is organized through Jito, which lets specialized traders (searchers) submit bundles of transactions along with a tip to validators to get them included in a favorable order. By 2026 the Jito client runs under the large majority of Solana's staked validators, and these tips became a major part of network fees.

For an ordinary user, the practical risk is being sandwiched on a large swap, which worsens your price. Setting a sensible slippage limit, using aggregators like Jupiter, and splitting big trades all help reduce exposure.

see also: validator, jupiter, swap, slippage, dex, liquid staking

A multisig (multi-signature) wallet requires more than one signature to approve a transaction. You set a rule like 2-of-3 or 3-of-5, meaning a minimum number of designated signers must approve before funds move. This protects against a single lost or stolen key, and is how teams, DAOs, and serious individuals secure shared treasuries.

On Solana, Squads is the standard multisig protocol, securing billions of dollars in assets by 2026. Beyond basic approvals it adds features like spending limits, time delays, roles, and sub-accounts, so a treasury can be managed with fine-grained control rather than one all-powerful key.

The trade-off is convenience: every move needs multiple approvals, which is slower than a normal single-key wallet. For large balances or anything held with other people, that friction is usually worth it. Each signer still keeps their own keys non-custodially.

see also: wallet, non custodial, seed phrase, smart contract, solana

Blockchains can't see outside themselves, so oracles (e.g. Pyth, Switchboard) publish trusted data like asset prices on-chain.

Lending and trading apps rely on them to know what things are worth. Bad oracle data has caused major exploits.

see also: smart contract

Perpetual futures (perps) let you bet on a price without an expiry date, which creates a problem: nothing forces the contract's price to match the real spot price. The funding rate solves this. At regular intervals, traders on the more crowded side pay traders on the other side a small fee. This nudges prices back into line and is the cost of keeping a perp position open.

When the funding rate is positive, longs pay shorts, which usually means the market is leaning bullish; when it is negative, shorts pay longs. The payment is based on your position size, so a large leveraged position can rack up meaningful funding costs over time even if the price barely moves.

For anyone holding a perp, funding is a running cost or income to track alongside price moves. Persistently high funding is also a signal that one side of the trade is very crowded. This is informational, not a recommendation to trade perps, which are high-risk.

see also: perps, leverage liquidation, dex, oracle

Perps let traders take leveraged long/short positions on price without owning the asset, and without an expiry date.

Leverage magnifies both gains and losses, so positions can be 'liquidated' (wiped out) on a sharp move. Advanced and risky.

see also: dex

A prediction market lets people trade contracts tied to a future event, such as an election result or an economic figure. Each contract typically pays out a fixed amount if the outcome happens and nothing if it does not, so its price (between 0 and 1) reads like a probability. If a contract trades at 0.60, the market is effectively pricing that outcome at around 60% likely.

Because everything settles by smart contract, payouts are automatic once the result is known, with no operator deciding whether to pay you. The hard part is resolution: deciding what actually happened often relies on an oracle or a designated source of truth, and disputes can arise when an event is ambiguous.

These markets grew fast in 2025 and 2026. On Solana, regulated event contracts from Kalshi were brought on-chain (via DFlow) and integrated into wallets like Phantom, and Jupiter brought Polymarket markets to Solana. Treat them as speculative; this is not investing advice, and rules around event trading vary by country.

see also: smart contract, oracle, jupiter, phantom, dex

Normal staking puts your SOL to work securing the base Solana network. Restaking takes that staked position and points it at additional protocols or services as well, so the same capital backs more than one thing. In exchange, you can earn extra rewards from those services on top of your regular staking yield.

In practice, most users restake a liquid staking token rather than raw SOL. On Solana, the main restaking platforms in 2026 are Solayer and Jito, which let the underlying stake also support other on-chain services.

Higher reward comes with more risk and complexity. Your stake is now exposed to the rules and potential failures of every extra service it secures, and these systems are newer and less battle-tested. Restaking is genuinely advanced and not a beginner's first step into earning yield.

see also: liquid staking, staking, validator, solana, smart contract

RWA, short for real-world assets, means taking something that exists in traditional finance, such as a US Treasury bill, a money-market fund, or a company share, and issuing a token that represents ownership or a claim on it. The token lives on a blockchain like Solana, while a regulated issuer holds the actual asset in the background.

The appeal is bringing familiar, yield-bearing or recognizable assets onto fast, low-fee rails where they can settle in seconds and plug into other on-chain apps. On Solana through 2025 and 2026 this grew quickly, with tokenized Treasuries and funds (for example Ondo's USDY and BlackRock's BUIDL) and tokenized US stocks appearing on-chain.

Unlike a pure crypto token, an RWA depends on a real issuer keeping the promise and on the relevant regulations. That introduces counterparty and legal risk that a fully on-chain asset does not have, so it is important to know who issues the token and what it is actually backed by.

see also: stablecoin, blockchain, solana, smart contract, kyc

A smart contract is a program stored on-chain that executes exactly as written when called — no human in the loop. DEXs, lending, and staking are all smart contracts.

On Solana they're called 'programs'. Their power is also their risk: a bug or exploit can lose funds, which is why audits matter.

see also: blockchain, dex

Solana is run by thousands of independent computers called validators. They each keep a copy of the ledger, verify that transactions are valid, and take turns proposing and confirming new blocks. Because no single party controls them, the network stays decentralized and hard to censor or shut down.

Validators are chosen to do this work in proportion to how much SOL is staked with them. You do not need to run a validator yourself; you can delegate your SOL to one and share in the rewards it earns, while still owning your coins. The validator takes a small commission for operating the hardware.

Most everyday users get this exposure through liquid staking rather than delegating directly, because it keeps their stake usable. Validators are also where MEV and Jito tips are collected, since validators decide which transactions land in a block.

see also: solana, liquid staking, staking, mev, gas, blockchain

x402 revives an old web idea ('HTTP 402 Payment Required') so programs and AI agents can pay for services automatically, in stablecoins.

It's an active frontier — promising, but early and still small in real volume. mybitduit treats agent payments as a future watch-area, not a core bet.

see also: stablecoin