RWA compare
AUTO vs PRIME: consumer auto loans vs HELOC
Evidence-domain compares only. No overall winner. · Ready with disclosure
AUTO · Hastra AUTO
- Consumer credit
- Wrapped claim
- Consumer loan interest
- Solana
PRIME · Hastra PRIME
- HELOC credit
- Wrapped claim
- HELOC interest
- Solana
Key structural differences
- Different underlying credit type: AUTO tracks near-prime consumer auto loan interest; PRIME tracks HELOC interest — both via Democratized Prime / Figure infrastructure but different loan pools and originators (Agora Data for AUTO; Figure Technologies first-party for PRIME).
- Same wrapper architecture: both are Hastra vault-stake tokens layered over the wYLDS→YLDS chain, sharing the same legal-claim structure and a disclosed 50 bps Hastra platform fee.
- Asymmetric first-loss disclosure: AUTO's reserve (~2.5%), Figure $25M stub, and advance-rate schedule are structured from Hastra primary pages; base PRIME HELOC pool enhancements remain RESEARCHED_UNRESOLVED — do not import AUTO's or Strata tranche numbers onto base PRIME.
Disclosures
- AUTO and PRIME share the same wYLDS/YLDS wrapper dependency — a shortfall at that layer would affect both similarly.
- PRIME remains READY_WITH_DISCLOSURE because homeowner-default → PRIME holder loss path lacks the structured first-loss / OC schedule AUTO documents.
Domain comparison
Legal claim
AUTO · Hastra AUTOWrapped claim — AUTO represents a share of the Hastra AUTO pool created by staking wYLDS: staking triggers a programmatic instruction that lends the YLDS backing that wYLDS into the Figure Democratized Prime Auto Pool. This is programmatic pool-lending exposure — NOT direct ownership of individual auto loans — and wYLDS is not the same instrument as YLDS.
PRIME · Hastra PRIMEWrapped claim — Liquid-staking-style wrapped claim: PRIME wraps a staked position in wYLDS, which itself wraps YLDS, tracking Figure Democratized Prime HELOC loans. PRIME is not direct HELOC ownership and wYLDS is not the same instrument as YLDS.
Yield source
AUTO · Hastra AUTOConsumer loan interest (Variable)
PRIME · Hastra PRIMEHELOC interest (Variable)
Underlying
AUTO · Hastra AUTONear-prime (and some subprime) consumer auto loans secured by vehicles (new and used), originated by Agora Data and structured into standardized loan-participation tokens via Figure Forge before entering the Figure Democratized Prime Auto Pool.
PRIME · Hastra PRIMEHome equity line of credit (HELOC) receivables pooled under Figure Democratized Prime, accessed indirectly through the YLDS/wYLDS wrapper chain.
Loss bearer
AUTO · Hastra AUTOA reserve account (sinking fund) builds to approximately 2.5% of outstanding principal over time and absorbs realized credit losses before any loss reaches AUTO/wYLDS holders; Figure separately commits a $25M equity stub / seed capital to the auto loan trust as first-loss protection alongside that reserve.
PRIME · Hastra PRIMERESEARCHED_UNRESOLVED for the base Hastra PRIME HELOC pool. Do not import AUTO's auto-loan reserve-account / equity-stub schedule, or Strata's jrPRIME/srPRIME tranche structure, as base PRIME facts — no AUTO-style first-loss reserve/equity-stub schedule is documented on the primary Hastra PRIME pages reviewed in this pass.
Redemption
AUTO · Hastra AUTOUnstake/redeem AUTO for underlying wYLDS/YLDS exposure per Hastra vault mechanics.
PRIME · Hastra PRIMEUnstake/redeem PRIME for underlying wYLDS/YLDS exposure per Hastra vault mechanics.
Investor eligibility
AUTO · Hastra AUTOUNKNOWN
PRIME · Hastra PRIMEUNKNOWN
Custody
AUTO · Hastra AUTOUnderlying auto loan receivables are pledged into a Delaware statutory trust under a Master Repurchase Agreement (MRA) between Agora and the trust — a bankruptcy-remote structure with an independent trust administrator whose only non-discretionary powers, in a default scenario, are to sell trust assets and remit proceeds to Democratized Prime lenders.
PRIME · Hastra PRIMEUnderlying HELOC receivables held within the Figure Democratized Prime program structure; named custodian not structured this pass.
Fees
AUTO · Hastra AUTOplatform fee: 50 bps (0.50%) Hastra platform fee, netted out of the Democratized Prime pool rate before distribution to AUTO holders.
PRIME · Hastra PRIMEplatform fee: PRIME rate = Democratized Prime HELOC+ utilization rate minus a 0.50% (50 bps) annual Hastra platform fee, deducted from the rate PRIME holders earn. Direct Democratized Prime lenders on Provenance earn the same utilization rate without this fee.
Maturity / duration
AUTO · Hastra AUTOVariable yield · redemption timing: UNKNOWN
PRIME · Hastra PRIMEVariable yield · redemption timing: UNKNOWN
Audit / assurance
AUTO · Hastra AUTOSmart-contract audit (—; Verified not structured)
PRIME · Hastra PRIMESmart-contract audit (—; Researched unresolved)
Token control
AUTO · Hastra AUTOAUTO is minted by the vault-stake-auto program when wYLDS is staked; the AUTO/wYLDS exchange rate is maintained via Chainlink Data Streams and updated periodically by rewards administrators (verify_price).
PRIME · Hastra PRIMEHastra protocol-controlled (Solana vault-stake-prime).
Regulatory structure
AUTO · Hastra AUTONo single securities/lending license instrument located for the AUTO wrapper token itself this pass; the underlying YLDS layer is a separately SEC-registered face-amount certificate (see YLDS record).
PRIME · Hastra PRIMENo single securities/lending license instrument located for the PRIME wrapper token itself this pass; the underlying YLDS layer is a separately SEC-registered face-amount certificate (see YLDS record).
Evidence recency
AUTO · Hastra AUTO2026-08-30
PRIME · Hastra PRIME2026-08-30
Local compare only. Forbidden: safer, better, best, recommended, best yield, winner. Day-7: no deploy.