Kamino, a lending protocol on Solana, has introduced Kamino Institutional Yield, an onchain vault infrastructure designed to connect real-world institutional credit markets with onchain users. The first product built on that framework, Commodity Yield, is now live with an initial deposit size of $25 million in USDC. According to the announcement, the vault links onchain capital with institutional demand for commodity trade finance and targets an annualized yield of about 7% to 8%. Users who deposit USDC receive kicUSDC, while the capital is allocated to short-term commodity loans. Kamino said those loans are fully collateralized by physical commodities and/or cash held with tier-one bank custodians. The lending activity is conducted offchain through a fund structure regulated by the Cayman Islands Monetary Authority, with strict underwriting standards and ongoing portfolio transparency.
According to ChainCatcher, Solana-based lending protocol Kamino has launched Kamino Institutional Yield, an onchain vault infrastructure built to connect real-world institutional credit markets with onchain users.
First vault goes live
The first vault created on top of that infrastructure, Commodity Yield, is now live with an initial deposit size of $25 million in USDC.
The vault is designed to match onchain users with institutional demand for commodity trade finance. It targets an annualized yield of roughly 7% to 8%.
How the structure works
Kamino said the vault conducts offchain lending through a fund structure regulated by the Cayman Islands Monetary Authority, or CIMA, and uses strict lending standards alongside ongoing portfolio transparency.
Users who deposit USDC receive kicUSDC. The capital is deployed into short-term commodity loans, which are fully collateralized by physical commodities and/or cash held with tier-one bank custodians.
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