The Kamino USDC vault is a lending position on Solana that supplies deposited USDC into Kamino's PRIME lending market, paying depositors variable interest from borrowers. It offers flexible withdrawals subject to available liquidity and is one of the larger USDC yield venues on Solana. It scores 66/100 (Tier 3) on the RWTS Trust Score: Kamino is an established, audited Solana protocol, but the vault carries smart-contract, oracle and Solana-network risk, and withdrawals depend on borrow utilisation. The yield is variable and reflects Solana lending demand rather than a fixed or sovereign-backed rate.
- Issuer / protocol
- Kamino
- Backing
- USDC deposits in Kamino PRIME lending market
- Redemption / lock-up
- None (flexible withdrawal)
- Audit & proof of reserves
- Independently audited
- Availability
- Global
- Chain
- Solana
- Tier
- Tier 3 — Secured DeFi
Scored on the published RWTS methodology (v1.1), reviewed quarterly and on material events. Ratings are independent and never pay-influenced.
Calculations are indicative. Actual yields may vary.
Price data from CoinGecko. Not financial advice.
We are not publishing a current rate for this asset, so we will not project earnings from one.
Beyond kUSDC's own score, two structural questions matter: what is it built on, and what has broken before in this part of the market. A high score in isolation can still carry hidden, shared exposure.
What this and similar assets are built on, and where contagion could spread.
The depegs, defaults, and exploits that inform the Track Record dimension.
Liquidity read: we could not source a size for this asset, so we are not publishing one. Lock-up: None (flexible withdrawal).
Is kUSDC safe?
kUSDC (Kamino USDC Vault) scores 66/100 on the independent RWTS Trust Score, which places it in Secured DeFi (Tier 3). Tier 3 carries real DeFi exposure: the backing is sound but smart-contract and collateral risk are live, so size positions accordingly. Backing: USDC deposits in Kamino PRIME lending market. It is independently audited. The score reflects backing, verification, redeemability, audit, regulatory standing, and track record, not headline yield. We rate. You decide.
Exit routes
11/15 · right 8/8 · routes 3/7If the issuer stopped cooperating tomorrow, could you get out?
One route, and it does not depend on the issuer
- independent
Kamino lend withdraw
Permissionless redemption of the receipt token for USDC, subject to pool utilisation.
- issuer
none
No pool for the receipt token clears the capacity floor.
Route 3, right 8. Same shape as the Morpho vaults.
This is the redeemability component of the Trust Score above, which stands at 66/100 (B-). Until 1 September 2026 redeemability was a single figure measuring the right to redeem while ignoring how many routes existed to exercise it. Splitting it moved this asset’s score. How the score works
Assessed 2026-09-01. Route independence asks how many ways out the issuer cannot close, not how much the asset trades.
Compare kUSDC
Head to head on the Trust Score with similar assets.