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Tokenized Lending Pool Deposit Protocol PRIME Launches Kamino

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2025-12-05 01:14:12
Kamino posted on the X platform that PRIME, a tokenized lending pool deposit protocol, has been officially launched in Kamino. PRIME is jointly created by Figure and Provenance Foundation, with HastraFi as the issuer, providing real estate-backed income products with an annualized rate of return (APY) of up to 8%.
Figure is the largest non-bank home equity line of credit (HELOC) originator in the United States, having released more than $19 billion in home equity and is listed on the NASDAQ.
Figure built the credit infrastructure behind PRIME, including licensed mortgage origination, loan servicing, and on-chain systems supporting "Democratized Prime".
Through this infrastructure, Demo Prime brings real-world U.S. Home Equity Line of Credit (HELOC) lending to the chain. PRIME tokenizes this type of lending activity, allowing users to directly access institutional-grade credit services in the Solana Decentralized Finance (DeFi) ecosystem.
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