Kamino launches institutional yield infrastructure on Solana with first commodity vault

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.