Xash Launches Gold Rewards for Stablecoin Activity on Solana, Targeting DeFi’s User Retention Problem
London, UK, November 12th, 2026, Chainwire
Launching at Solana Breakpoint 2026, Xash introduces tokenized gold rewards for stablecoin activity, aiming to align the interests of DeFi platforms, stablecoin issuers, and gold holders.
Xash, a Solana-based application that rewards users in gold for their stablecoin activity, today announced its public launch at Solana Breakpoint 2026 in London. The platform rewards users for lending, providing liquidity, and trading with stablecoins on established Solana DeFi platforms, offering an alternative to short-term token incentive campaigns.
Co-founded by CEO Kevin Huynh, alongside Vinny Lingham, co-founder of Civic and Gyft and former General Partner at Multicoin Capital, Alen Ribic, co-founder of SweepSouth, and Llew Claasen, former Executive Director of the Bitcoin Foundation, Xash aims to address the challenge of retaining stablecoin users beyond temporary reward programs.
“Stablecoins don’t have a supply problem. They have a usage problem. Incentive campaigns rent users for a few weeks, then they’re gone,” said Kevin Huynh, Co-Founder and CEO of Xash.
Rather than relying on short-term incentives, Xash rewards stablecoin activity with tokenized gold, targeting users interested in accumulating gold over time. The model is designed to align the interests of DeFi platforms seeking sustained activity, stablecoin issuers looking to increase usage, and users seeking a recurring source of gold rewards.
Xash also simplifies access to DeFi activity through a single application. Its system evaluates available opportunities daily and presents users with options based on potential gold rewards, including associated costs and estimated 30-day rewards. Users can review and select opportunities directly in the app while keeping control of their funds and authorizing transactions through their own wallets.
Alongside the launch, Xash is introducing two additional features. Users will be able to withdraw their accumulated tokenized gold rewards directly to their own wallets, while a new curated Kamino liquidity vault will allow users to deploy stablecoins through a single deposit rather than managing individual transactions.
Xash’s trades do not involve directional price bets or borrowed funds. However, users can still lose money if a DeFi platform fails or market conditions change sharply, including when using the Kamino vault.
Xash will demonstrate the application at Solana Breakpoint 2026, November 15–17, at Olympia London, booth WH-046, West Hall Level 1.
About Xash
Xash is a stablecoin rewards program that pays people in gold for activity that makes stablecoins useful. Its single app reduces the complexity of DeFi, bringing lending, liquidity, and trading on Solana DeFi venues into one place, where users sign every trade from their own wallet. Xash aligns the interests of three groups: DeFi venues want activity that stays, stablecoin issuers want their coin to have utility, and gold stackers want a steady source of new gold.