According to Arkham, Kyle Samani deposited $10 million in PRIME into Solana-based Kamino Finance and borrowed 8.6 million USDC, with the positions showing 39.4% and 56.4% annualized rates on March 31.
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.