Introducing Kamino Institutional Yield. Purpose-built on-chain vault infrastructure connecting real-world, institutional credit markets with on-chain users. Commodity Yield, the first vault built on this infrastructure, is now live. Initial deposit capacity: $25M USDC.

Gold-backed credit is now live on Kamino. Introducing the PAXG Market, curated by @SteakhouseFi. Supply $PAXG, the tokenized gold asset issued by @Paxos, as collateral and borrow USDG.

$4.3M of capacity is available in the ONyc/USDG Multiply loop. Over $85M is deployed across ONyc Multiply strategies on Kamino, providing up to 2.9x leveraged exposure to reinsurance-backed yield on Solana.

The new incentives campaign for the USDG High Yield Vault is live. We are launching a joint growth campaign for USDG on Solana in collaboration with @SteakhouseFi and @global_dollar, with $300,000 in rewards on USDG deposits distributed over 3 months. Curated yield from one of DeFi's largest vault curators on Solana's largest lending protocol.

Stablecoin yields in the OnRe Market are outperforming DeFi benchmarks and 3M U.S. Treasuries. Earn up to 8.21% on USDG and 6.91% on USDC (30D avg), with diversified, risk-adjusted yield sourced from reinsurance premiums, stablecoin markets, and T-bills. Risk-adjusted stablecoin yield, powered by Kamino.

This year DeFi was shaken by two big forces: (1) a few huge back to back hacks due to OpSec and (2) the overhang of AI models getting scary good especially at cybersecurity. I’ve always held this belief wrt open source code, but it also applies to systems - you can control the surface area of what is exposed - so you can just simply focus on shrinking it and reinforcing it. We’ve spent huge effort from the beginning of the year, pre DeFi hacks, across every domain of Kamino - cloud, frontend, OpSec, smart contracts, risk, monitoring. Break glass admins, dns monitoring, ai risk aware multisig watch, circuit breakers, internal dashboards. Multi level orchestration for bug finding - pipeline of AI agents looking for bugs, verifying, creating proof of concepts, building report. Lots of this is internal / invisible work, and generally I am strongly against publicly announcing it until it’s fully done. Just before that we went through a full market oracle hardening process that kept us resilient to temporary depegs and provider outages and at the same time through deprecating bad tokens. The work continues with things that are even more exciting and achievable due to the productivity boost that even our most ai-skeptical devs have observed. I have not lost faith in what DeFi should be, and it can be done right, but if done badly it can set us back years.

Introducing the HYPE Market on Kamino, curated by @AllezLabs. Supply $HYPE, the native token of @HyperliquidX, as collateral and borrow USDC in a fully isolated market natively on Solana.

$BOT is live on Kamino Swap RoboStrategy is a NASDAQ listed fund that invests in leading robotics companies, including private ones normally only accessible to VCs Issued by @backpack securities, available natively on @Solana via @sunrise Trade $BOT with Zero fees now

The Hyperithm USDC Apex Vault, curated by @Hyperithm, one of Asia's leading digital asset managers, is now live on Kamino. Institutional curation on Solana's largest lending protocol.

DRAM is live on Kamino Swap DRAM is an ETF holding several memory manufacturers in one ticker Issued by @backpack securities, and redeemable 1:1 for a real share, now available natively on @Solana via @sunrise Trade $DRAM with Zero fees now

Kamino secures billions in user funds and manages risk and security accordingly. Below, we detail Kamino's full operational security surface and how it stops a malicious change before it ever executes:

Solana is the home of every asset Today that includes PAX Gold $PAXG is live, verified, and ready to trade, issued by @Paxos and available on @Solana via @sunrise Native tokenised gold, tradeable 24/7 on Kamino Swap