Tokenized lending pool deposit protocol PRIME goes live on Kamino

[Tokenized Lending Pool Deposit Protocol PRIME Launches on Kamino] Kamino announced on X that the tokenized lending pool deposit protocol PRIME has officially launched on Kamino. PRIME is jointly developed by Figure and the Provenance Foundation, with HastraFi as the issuer, offering yield products collateralized by real estate with an annual percentage yield (APY) of up to 8%.

Figure is the largest non-bank home equity line of credit (HELOC) originator in the United States, having released over $19 billion in home equity and is publicly listed on Nasdaq.

Figure has built the credit infrastructure behind PRIME, including licensed mortgage origination, loan servicing, and on-chain systems supporting “Democratized Prime”.

Through this infrastructure, Demo Prime brings real U.S. home equity line of credit (HELOC) lending on-chain. A HELOC allows homeowners to obtain a line of credit using their property as collateral. PRIME tokenizes these lending activities, enabling users to directly access institutional-grade credit services within the Solana decentralized finance (DeFi) ecosystem.

PRIME-12.2%
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