Kamino Absorbs $425M USDe in First Day

Kamino absorbed $425 million in USDe supply within 24 hours of its launch. The protocol, currently valued at a $93.4 million market cap, facilitates 12.5x leveraged stablecoin loops. These loops offer a 36% APY, constrained by a hardcoded 2.5% borrow rate ceiling.

Detected & updated continuously · Source: Ruma

Mentioned

Kamino (kmno)USDE (usde)