Golden Finance reports that Kamino announced on platform X that the tokenized lending pool deposit product PRIME has officially launched on Kamino. PRIME is jointly developed by Figure and Provenance Foundation, with HastraFi serving as the issuer, providing yield products backed by real estate, with an annual percentage yield (APY) of up to 8%. Figure is the largest non-bank home equity line of credit (HELOC) originator in the United States, having released over $19 billion in home equity, and is listed on NASDAQ. Figure has built the credit infrastructure behind PRIME, including licensed mortgage origination, loan servicing, and an on-chain system supporting "Democratized Prime." Through this infrastructure, Demo Prime will move real HELOC lending operations on-chain. A home equity line of credit (HELOC) is a line of credit obtained by homeowners using their property as collateral, and PRIME tokenizes these lending activities, allowing users to access institutional-level credit services directly within the Solana decentralized finance (DeFi) ecosystem.
