Kamino Finance, a Solana-based DeFi protocol, has integrated PayPal’s PYUSD stablecoin. The integration allows users to borrow PYUSD against PRIME collateral, a yield-bearing token from Figure Technologies backed by home-equity loans. This creates a regulated, real-world asset (RWA) yield loop on the Solana blockchain.

The launch introduces "Stable Loops," a new feature on Kamino's Multiply platform that lets users execute leveraged stablecoin yield strategies in a single click. This automated process, which combines borrowing and lending, can achieve up to 10x leverage, initially available for pairs like CASH/PYUSD. The feature is designed to let users capitalize on interest rate spreads within Kamino’s markets.

To further expand its ecosystem, Kamino has also released the BuildKit, an API and SDK solution for developers. This allows third-party applications to embed Kamino’s onchain yield and credit functionalities—including deposits, withdrawals, and position monitoring—directly into their own user interfaces. This move signals a push toward broader B2B integration and making sophisticated DeFi yield strategies more accessible.

These developments highlight a growing trend of integrating traditional financial assets and stablecoins into advanced DeFi protocols. By combining RWA collateral with leveraged stablecoin borrowing, Kamino is expanding the pathways for capital efficiency and yield generation on-chain.