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 67/100 (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.
Current yield of 7.80% sits at 45% of the observed range. There may be room for rates to improve.
Projections assume constant APY of 7.80%. Actual returns may vary. Not financial advice.
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: TVL of $1.12B indicates deep on-chain liquidity. Lock-up: None (flexible withdrawal).