Kamino has launched an institutional-level yield vault, with the first product yield vault sized at 25 million USDC

The Solana lending protocol Kamino announced the launch of Kamino Institutional Yield, a set of on-chain treasury infrastructure designed to connect real-world institutional credit markets with on-chain users. The first treasury built on this infrastructure, Commodity Yield, has now gone live, with an initial deposit size of 25 million USDC.

This treasury connects on-chain users with institutional commodity trade financing needs, targeting an annualized yield of approximately 7-8%. The treasury conducts off-chain lending operations through a fund structure regulated by the Cayman Islands Monetary Authority (CIMA), featuring strict lending standards and ongoing portfolio transparency. Users depositing USDC can receive kicUSDC, with funds deployed to short-term commodity loans, secured by physical commodities and/or cash fully collateralized by top-tier banks.