Introduction

_gamma is a non-custodial yield platform built on Solana. You deposit into a vault, receive an SPL share token that represents your position, and autonomous software agents do the ongoing work of finding and rebalancing toward risk-adjusted yield. You keep custody of your share tokens at all times, and every vault runs on-chain programs that anyone can verify.

The platform has operated institutional-grade infrastructure since 2022. Its agents monitor 2,000+ assets across 1,000+ pools on 20+ Solana protocols, continuously, so that capital is not left sitting in a single protocol or a stale position.

The problem it addresses

Earning competitive yield in DeFi is operationally demanding. Rates move constantly, liquidity shifts between protocols, leverage positions need health monitoring, and capturing the best risk-adjusted return means rebalancing across many venues. Doing this by hand requires time, tooling, and expertise that most depositors do not have. _gamma turns that ongoing effort into a single deposit.

Gamma Economic Agents (G.E.A.s)

Each vault is operated by a Gamma Economic Agent (G.E.A.) — an autonomous, ML-powered agent that ingests market data, computes a risk-adjusted view of each strategy, solves for a target portfolio balancing yield against risk and transition cost, and executes on-chain around the clock. The agents hold no user funds beyond a small operational float: deposits live in on-chain vault programs, and an agent can only move funds within an allowlisted set of protocols and instructions. See How it works.

Key features

• Non-custodial by design. Funds sit in on-chain vault programs; you hold the share token. The agent cannot withdraw to arbitrary destinations.
• Continuous monitoring and optimization. Allocation is recomputed and rebalanced around the clock, not on a fixed manual schedule.
• Automated execution and rebalancing. Agents build, sign, and submit the on-chain transactions to move funds, and only rebalance when the expected improvement clears the real cost of the transition.
• Hands-free compounding, full control. Yield accrues to the vault and is reflected in a rising share price — nothing to claim or restake. Deposit or request a withdrawal at any time; there are no lock-ups.
• Risk-adjusted allocation. Allocation optimizes yield subject to risk limits, not in spite of them, with diversification across venues and health monitoring on leveraged positions.
• Transparency. NAV is published on-chain and is verifiable by anyone. Share price is simply NAV divided by total shares.

Products at a glance

_gamma currently offers three vault products, each denominated in a single asset and issuing its own SPL share token.

Product	Asset	Share token	Focus
gmSTBL	USDC	gmSTBL	Stablecoin lending, rate arbitrage, fixed-yield, RWA-backed stable assets
gmSOL	SOL	gmSOL	LST optimization, SOL lending, leveraged staking loops
plRWA	USDC	plRWA	Tokenized real-world assets on Plume (Nest vaults)

Yields are variable and are never promised in this documentation. The pages that follow describe mechanisms, not expected returns.

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