Kamino Institutional Commodity Yield(kicUSDC)
Onchain AUM$49.8m
Onchain AUM by chain
Solana$49.8m
Key Metrics
Active AUM$49.8m
Solana$49.8m
DeFi Active TVL$3,737
Akashi$3,737
Solana$3,737
Net Flows 7d-$1.51m
Net Flows 30d-$4.68m
kicUSDC Price$1.02
Chains1
Native Yield7.81%
Token properties
Classification
RedeemableIndicates whether the token can be redeemed for underlying assets
TransferableIndicates whether the token can be transferred freely between on chain addresses
Self CustodyIndicates whether the token can be held in a user controlled wallet
AttestationsIndicates whether the issuer provides periodic attestations or assurance reports regarding reserves or backing
Asset information
IssuerKamino Institutional Yield SPV
Registry InformationCayman Islands; the commodity lending operation is approved and supervised by the Cayman Islands Monetary Authority (CIMA). Kamino's public docs describe the vehicle only as the "Institutional Yield SPV" and do not name the registered entity or give a registry number (checked 2026-09-30).
Sourcehttps://kamino.com/docs/products/institutional-yield/structure
Notes
- kicUSDC is the NAV-accruing share token of Kamino's Institutional Commodity Yield vault on Solana. USDC deposits are lent, via an SPV, as short-tenor (1-3 month) loans to corporates and commodity traders, secured by physical commodity inventory or 1:1 escrowed cash with cargo insured in transit
- roughly 93% of capital is deployed off-chain and the rest is held as an on-chain liquidity buffer. Yield accrues through share price appreciation rather than a rebase, and withdrawals are served from the buffer first, then from a FIFO queue as loans mature. The on-chain SPL mint symbol is kV-KICUSDC
- Kamino's own UI and adapters call it kicUSDC.
Native Yield
7.81%Historical APY from Kamino Institutional Yield SPV
Chains
Solana
Primary