TL;DR

PRIME offers a simple way to earn stable yield, with the option to boost returns through automated looping on Kamino. It is a yield‑bearing token tied to real‑estate loans and it pays 8 % APY, growing in value over time rather than increasing your token count. You can swap for PRIME directly on Solana DEXes, or buy through Kamino, and then also use Kamino’s Multiply feature to loop deposits for higher returns, with leverage currently taking APY up to around 22 %.

When crypto price action is less‑than‑exciting, it’s a good time to lock in some stress‑free yield, and that makes even more sense when you can pick up on‑chain returns from RWAs—so there’s real‑world backing for your strategies—which is exactly the case right now on Kamino.

The token we’ll be focusing on here is called PRIME, it’s linked to the home‑equity lending sector, and besides offering yield in a straightforward way, it can also be looped on Kamino in order to maximize returns, so let’s look at how it all works.

Risk reminder: As always, consider the usual DeFi risks, including frontend attacks, smart‑contract vulnerabilities, and stable‑coin de‑pegs.

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What Is Kamino?

Kamino is one of the largest Solana DeFi protocols. Its total value locked (TVL) peaked at $3.65 billion in October 2024 and is now stabilising around $2.5 billion.

A key feature that has driven Kamino’s growth is its Multiply function, which lets users loop their deposits: you borrow against deposited assets, redeposit the borrowed amount, and repeat. This automated process creates leveraged positions that can boost returns, and it can be used with the PRIME token (see below).

Chart from DeFiLlama

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What Is PRIME?

The RWA (real‑world asset) sector in crypto (excluding stablecoins) is valued at $18.48 billion, while stablecoins sit at over $307 billion. PRIME slots into the growing trend of TradFi tokenisation by bringing home‑equity lending on‑chain.

Chart from RWA.xyz

PRIME launched on Kamino earlier this month. It is a yield‑bearing token developed by blockchain‑capital‑markets specialist Figure and distributed by RWA developer Hastra.

• Yield: 8 % APY, sourced from a credit pool focused on U.S. real‑estate loans (HELOC market).

• Mechanics: PRIME represents deposits in that credit pool. As the pool earns yield, the price per PRIME token rises (the token supply stays constant while its value increases).

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Buy and Hold PRIME

There are several ways to acquire PRIME, including through the Hastra platform, where you can use USDC to mint an RWA‑backed token called wYLDS, which functions similarly to PRIME.

(The article continues with detailed steps for purchasing, using Kamino’s Multiply feature, and risk considerations.)