Tokenized lending pool deposit protocol PRIME launches on Kamino

Jinse Finance reported that Kamino announced on the X platform that the tokenized lending pool deposit protocol PRIME has been launched on Kamino. PRIME is jointly developed by Figure and Provenance Foundation, with HastraFi as the issuer, providing yield products collateralized 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 billions 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 brings real U.S. HELOC lending business on-chain. A HELOC is a line of credit that homeowners obtain using their property as collateral. PRIME tokenizes such lending activities, allowing users to directly access institutional-grade credit services within the Solana decentralized finance (DeFi) ecosystem.