Multicoin co-founder Kyle Samani deposited $10 million in PRIME into Kamino and borrowed 8.6 million USDC

BlockBeats News, March 31st, according to Arkham Monitor, Multicoin co-founder Kyle Samani has deposited $10 million worth of PRIME into Kamino Finance as collateral and borrowed 8.6 million USDC against it.

His USDC stablecoin holdings have a total annualized yield of 39.4%, but by using PRIME, he is able to achieve an annualized yield of 56.4%.