1/ $sACRED is now live on Kamino, introducing the first RWA Lending Market on Kamino
The Apollo Market, launched via Kamino Lend V2, enables users to borrow and loop $USDC and $USDG against their sACRED—currently yielding 9% APR
Institutional DeFi has arrived on Solana🧵
2/ The RWA landscape is yet to catch up with the overall growth of Solana DeFi, with only ∼$350M RWAs issued on-chain (as per @RWA_xyz), compared to the $8.7B size of Solana DeFi
With this launch, we believe that Kamino is ushering in a new phase for RWA growth on Solana
3/ ACRED is a tokenized feeder fund that invests into @apolloglobal Diversified Credit Fund, tokenized by @Securitize
In short, this gives users exposure to a diversified global credit strategy investing across corporate direct lending, asset-backed lending, and performing, dislocated, and structured credit
4/ Whereas ACRED is permissioned, the @Securitize sToken vault architecture enables its holders to benefit from DeFi utility @solana via a permissionless representation of the underlying RWA
sACRED is the first token to be issued via the Securitize sToken stack on Solana
@SteakhouseFi have advised on the launch of the new Apollo Market, and will continue to contribute to the scaling of the market over time
5/ sACRED deposits will have limited deposit capacity on Kamino Lend, with initial deposits capped at $2M
Caps will be scaled as demand increases
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