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Kamino Launches PRIME Real-World Asset Token on Solana

Developed by Figure and HastraFi, PRIME is backed by U.S. home equity loans and offers up to 8% annual yield without lock-up requirements.

SOL

Summary

Kamino has introduced PRIME, a real-world asset token built on the Solana blockchain and developed by Figure and HastraFi. The token is based on U.S. home equity loans and provides an annual yield of up to 8%. Users can obtain PRIME by purchasing and staking wYLDS, with returns reflected through price changes rather than locked rewards. There are no lock-up conditions for staking.

Terms & Concepts
  • Real-world asset token: A blockchain-based token representing ownership or claims on tangible, off-chain assets such as real estate or loans.
  • Staking: Locking or allocating cryptocurrency to support a blockchain network or protocol in exchange for potential rewards.
  • Solana ecosystem: A high-speed blockchain network designed for decentralized applications, known for low transaction costs and scalability.