Kamino Steakhouse USDC Prime is a curated lending vault on Solana managed by Steakhouse Financial. It deploys USDC into Kamino's most liquid lending markets to generate yield from borrower interest payments.
AUM
$24m
Net APY
4.27%
Active Users
4k
Type
Vault
Network
Solana
B
Elevated RiskCeiling AA-
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CurrentPotential
This rating is based solely on publicly available information. DeFi protocol risk assessed across Security, Strategy and Operations on the AAA–D scale. The range from B to AA- reflects the gap between the current assessment and the potential rating achievable if all identified improvement areas are addressed.
SCSSmart Contract Security80
KMPKey Management Permissions61
MMarket100
LLiquidity78
CCollateral78
PMProtocol Mechanics83
ICEInfra Counterparty Exposures89
PCEProtocol Counterparty Exposures100
GGovernance44
FRFinancial Resilience73
TLCTeam Legal Compliance85
DTDocumentation Transparency89
Performance
Assets Under Management · 30D▼ 27.11%
$24m
Over the last 30 days, the total value of Kamino Steakhouse USDC Prime has dropped 27.11% with $8.80M in outflows.
Net APY · 30D▼ 28.39%
4.27%
Over the last 30 days, the APY has decreased from 5.96% to 4.27%.
Active Users · 30D▼ 4.36%
4k
Over the last 30 days, active users have decreased by 4.36%, reaching 3.6K wallets.
Market Details
ChainSolana
TreasuryNot reported
Oracles UsedPyth Network ↗Chainlink Data Streams ↗
Asset ManagerSteakhouse Financial
Stated Withdrawal TimeInstant
Infrastructure ProviderKamino
Component Ratings
Contract Addresses
Smart ContractHDsayq...3WRS5E
LendingPool7u3HeH...Av5PfF
ScopeOracleGzFgdR...ppkzkW
KLendProgramKLend2...avgmjD
AdminMultisig6hhBGC...CnfQbM
Key Strengths
S1Extensive audit coverage with 18+ external audits and formal verifications from top firms including Certora, OtterSec, Offside Labs, Sec3, and Ackee Blockchain
S2Active bug bounty program on Immunefi with up to $1.5M rewards for critical smart contract bugs across 17 assets in scope
S3Multi-oracle architecture aggregating Pyth and Chainlink Data Streams with TWAP/EWMA protection and price bands, double-audited by Certora and Offside Labs
S4Zero exploits and zero bad debt since 2022 inception, with proven resilience through multiple stress events including record liquidation volumes
Key Risks
R1No documented timelock for protocol upgrades; a contract update to block a competitor's refinance tool demonstrated rapid unilateral change capability without advance notice
R2Multisig consists of fewer than 4 signers with undisclosed threshold and signer identities, creating concentration risk for protocol governance
R3Admin key configuration, signer identities, threshold, independence, and change history not publicly documented; no incident response playbook or key rotation procedures disclosed
R4KMNO governance token voting power highly concentrated with top 10 wallets controlling over 70% of total supply; on-chain governance not yet activated
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