Multicoin Co-founder Utilizes DeFi Leverage to Invest $10 Million

Odaily News: According to Arkham monitoring, Multicoin co-founder Kyle Samani has deposited a total of $10 million worth of PRIME into Kamino Finance in a loop and borrowed $8.6 million USDC using it as collateral. He pays a 39.4% annualized yield on the USDC but earns a 56.4% annualized yield on PRIME. Kyle Samani is a seasoned Solana DeFi user.