According to Arkham, Multicoin co-founder Kyle Samani deposited $10 million worth of PRIME into Kamino Finance and borrowed 8.6 million USDC. Updated data for March 31 showed his USDC borrowing position at a 39.4% annualized rate, while the PRIME deposit position was generating 56.4% annualized. The transaction reflects an on-chain leveraged lending position using PRIME as the deposited asset and USDC as the borrowed stablecoin on the Solana-based protocol.