Kamino Institutional USDC(kiUSDC)
Onchain AUM$7.06m
Onchain AUM by chain
Solana$7.06m
Key Metrics
Active AUM$7.06m
Solana$7.06m
$0
kiUSDC Price$1.03
Chains1
Onchain AUM$7.06m
Onchain AUM by chain
Solana$7.06m
Key Metrics
Active AUM$7.06m
Solana$7.06m
$0
kiUSDC Price$1.03
Chains1
Token Properties
Classification
RedeemableIndicates whether the token can be redeemed for underlying assets
TransferableIndicates whether the token can be transferred freely between on chain addresses
Self CustodyIndicates whether the token can be held in a user controlled wallet
AttestationsIndicates whether the issuer provides periodic attestations or assurance reports regarding reserves or backing
Asset Information
IssuerKamino Institutional Yield SPV
Registry InformationLiechtenstein; the digital asset lending operation is approved and supervised by the Liechtenstein Financial Market Authority (FMA). Kamino's public docs describe the vehicle only as the "Institutional Yield SPV" and do not name the registered entity or give a registry number (checked 2026-10-06).
Sourcehttps://kamino.com/docs/products/institutional-yield/structure
Notes
- kiUSDC is the NAV-accruing share token of Kamino's Institutional Digital Assets Yield vault on Solana. USDC deposits are lent, via an SPV, as fixed-term (e.g. 30/60/90-day) overcollateralised loans to institutional borrowers, secured by high-quality liquid collateral (currently BTC) held by qualified custodians under tripartite agreements with no rehypothecation and no title transfer
- maximum LTV is 60% and the weighted average LTV was 31.5% on 2026-10-06, and the lending operation is approved and supervised by the Liechtenstein Financial Market Authority (FMA) with monthly independent attestations of loan balances and collateral coverage. Yield accrues through share price appreciation rather than a rebase
- DefiLlama prices kiUSDC at the redeemable value of the vault's on-chain Kamino Lend position, which on 2026-10-06 was $7.07M against the $7.29M Kamino's own interface reports, a gap measured at exactly 3.0000000% on two readings taken 35 minutes apart on different balances, i.e. a fixed uplift in Kamino's NAV reporting rather than a drifting accrual, and one whose mechanism is not visible on-chain
- the on-chain kVault account still carries the pre-rebrand name "Kamino Private Credit USDC", while the SPL mint metadata and Kamino's UI both call it Kamino Institutional USDC.
Chains
Solana
Primary