Galaxy Adds USDC and USDT Vaults on Kamino

Key Takeaways

• Galaxy has added USDC and USDT lending vaults on Kamino, extending its curation business to Solana.
• The two strategies differ in collateral exposure; the USDC vault also has distribution through Yield.xyz.

Details

Galaxy announced two Kamino vaults on September 17, 2026, applying its collateral standards, exposure limits and market monitoring to USDC and USDT lending on Solana.

The company describes the USDT strategy as more selective in its market exposure, while the USDC strategy seeks higher returns through a broader collateral range. Galaxy identifies market, smart-contract and liquidity risks for both. Its USDC vault is also available through Kamino's integration with Yield.xyz, according to the announcement.

Kamino's documentation describes lending vaults as single-token pools in which a curator allocates capital across lending markets and reserves. Depositors receive shares representing their position in the vault.

Market Analysis

The distinction between the two strategies puts collateral selection at the center of Galaxy's Solana offering. For depositors, access to funds is another part of the allocation decision: Kamino's withdrawal model draws first on idle funds and available reserve liquidity, with any unmet portion entering a queue. That makes the liquidity of underlying lending positions relevant alongside the yield a vault earns.

Note: This article is for news reporting purposes only and does not constitute investment advice.