Kamino

Kamino Steakhouse USDC Prime

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

$63.18m-6.05%

APY

2.01%+77.39%

BRated Protocol

Updated Mar 10, 2026

Risk Rating

AAAAAABBBBBBCCCCCCD

This rating is based solely on publicly available information. 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.

SCS: Smart Contract Security

KMP: Key Management Permissions

M: Market

L: Liquidity

C: Collateral

PM: Protocol Mechanics

ICE: Infra Counterparty Exposures

PCE: Protocol Counterparty Exposures

G: Governance

FR: Financial Resilience

TLC: Team Legal Compliance

DT: Documentation Transparency

Potential Score

Provider risk assessed across Business, Operations, Reliability, and Security.

View the detailed scoring breakdown

Challenge this rating

Contract Addresses

VaultContract

HDsayq...RS5E

LendingPool

7u3HeH...5PfF

ScopeOracle

GzFgdR...kzkW

KLendProgram

KLend2...gmjD

AdminMultisig

6hhBGC...fQbM

Key Strengths

Extensive audit coverage with 18+ external audits and formal verifications from top firms including Certora, OtterSec, Offside Labs, Sec3, and Ackee Blockchain
Active bug bounty program on Immunefi with up to $1.5M rewards for critical smart contract bugs across 17 assets in scope
Multi-oracle architecture aggregating Pyth and Chainlink Data Streams with TWAP/EWMA protection and price bands, double-audited by Certora and Offside Labs
Zero exploits and zero bad debt since 2022 inception, with proven resilience through multiple stress events including record liquidation volumes
Steakhouse Financial as curator brings a comprehensive multi-layer risk framework with significant AUM across protocols and a clean track record
Native USDC on Solana deployed exclusively to Kamino's internal lending markets with permissionless on-chain withdrawals

Key Risks

No documented timelock for protocol upgrades; a contract update to block a competitor's refinance tool demonstrated rapid unilateral change capability without advance notice
Multisig consists of fewer than 4 signers with undisclosed threshold and signer identities, creating concentration risk for protocol governance
Admin key configuration, signer identities, threshold, independence, and change history not publicly documented; no incident response playbook or key rotation procedures disclosed
KMNO governance token voting power highly concentrated with top 10 wallets controlling over 70% of total supply; on-chain governance not yet activated
Yield partially dependent on KMNO incentives; organic vs incentive split not publicly disclosed for this vault
No dedicated safety module or ring-fenced backstop reserves for user loss compensation; treasury size and composition not publicly disclosed