Multicoin co-founder leverages DeFi to invest $10 million

Golden Finance reports that, according to Arkham monitoring, Multicoin co-founder Kyle Samani deposited PRIME with a total value of $10,000,000 into Kamino Finance and used it as collateral to borrow $8,600,000 in USDC. He receives an annualized yield of 39.4% when paying in USDC, but PRIME yields him an annualized return of 56.4%. Kyle Samani is a longtime user of Solana DeFi.

PRIME-2,05%
SOL2,65%
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