Aurora Intents connects Solana wallets to Elara’s Ethereum yield

Aurora Intents has connected Solana wallets to Elara Finance’s Ethereum-based treasury product, allowing users to deposit stablecoins with one signature and approve staking with a second, according to Aurora Labs. Summary Solana users can deposit into Elara and approve staking without switching to an Ethereum wallet. Elara issues elUSD on Ethereum, with sELUSD earning yield from stablecoin market making. Aurora Labs says the underlying NEAR Intents network has processed more than $34 billion. Withdrawals return stablecoins to the user’s Solana wallet after unstaking and redeeming the Ethereum tokens. Aurora Labs, in an Oct. 15 press release, said the integration lets Solana users access Elara through the wallet they already use, while the deposited funds move to Ethereum. The company described the Solana route as live at Elara’s application, with deposits and withdrawals managed from the same wallet. Aurora Intents handles deposits before a separate staking approval Under the process outlined in the announcement, a user first signs a deposit from a Solana wallet. Aurora Labs said the funds reach Ethereum, where Elara mints elUSD, its dollar-referenced treasury asset. After receivin...