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Kamino's PRIME Market Attracts $10M Deposits in First 24 Hours
12/05/2025, 20:06
AI SUMMARY
●PRIME Market hits $10M TVL in under 24 hours on Kamino
●Users can use PRIME as collateral for leveraged exposure and yield
●Incentives for CASH borrowing launched in partnership with Phantom
Kamino's newly launched PRIME Market has surpassed $10 million in deposits within 24 hours of going live. The market allows users to utilize PRIME as collateral to access leveraged exposure, offering yields around 8% APY.
In collaboration with Phantom, the platform has also introduced incentives totaling up to $75,000 for CASH borrowers. This rapid growth highlights strong demand for leverage and yield opportunities within the Solana DeFi ecosystem.