Multicoin co-founder Kyle is currently earning the carry trade spread through the Kamino platform's leveraged yield farming.

BlockBeats News, March 30th, according to Arkham monitoring, Kyle Samani, former Multicoin co-founder and Chairman of Forward Industries (FORD), has used a recursive deposit on Kamino Finance to deposit a total of $10 million worth of PRIME tokens and borrowed $8.6 million worth of USDC.

He is paying a total of 39.4% APY on the borrowed USDC stablecoin, but at the same time is earning 56.4% APY on the PRIME token.