Kamino (@kamino): Institutional Commodity Yield brings one of the world's largest institutional credit markets on-chain.

Institutional Commodity Yield brings one of the world's largest institutional credit markets on-chain. Commodity traders require short-term working capital to move physical goods through global supply chains. Before financing is provided, the purchase and onward sale are already agreed at fixed prices. Both contracts are signed at fixed prices before financing is provided, so the trade is structured around the trader's commercial margin from the outset; the trader still needs capital to fund the purchase and complete the transaction. Institutional Commodity Yield provides that financing through commodity loans structured to be fully collateralized. As the trade settles, the borrower is contracted to repay the loan plus interest; the trader realizes the commercial profit, while the interest accrues to the vault as yield. As loans mature, principal is redeployed into new qualifying loans, creating a rolling cycle of financing backed by recurring demand for commodity trade.