Stable Vault
USDstTarget net APY3.50%
Tokenised US Treasuries and money-market funds, managed for lower-volatility yield.
LiquidityUp to 1 day
Permissionless access toinstitutional RWA strategies.Actively managed.For everyone.
Real-economy returns from private credit, treasuries, and fixed income operating on permissionless vault infrastructure.
Strategic Counterparties
Kamui Vaults
Diversify your portfolio with institutional RWA strategies.
RWA strategies are complex, illiquid, and require institutional-grade management. Kamui's vaults offer a choice of profiles: a target APY of 3.5% with a targeted redemption window of up to 1 day, or a target APY of up to 10% with an 18-day targeted redemption window.
Balanced Vault
USDadTarget net APY6.50%
A blend of private credit, trade finance receivables, and US Treasuries, managed for steady, diversified returns.
LiquidityUp to 7 days
Boosted Vault
USDbdTarget net APY10.00%
High-yield credit and structured products, managed for enhanced return potential.
LiquidityAverage 18 days
Target APY is variable and not guaranteed; redemptions may be delayed or halted in stressed markets. Capital at risk.
How it worksInstitutional oversight
Start earning in three simple steps, accessing RWA assets and permissionless liquidity.
Deposit
Connect a wallet and deposit USDC into the vault of your choice.
Hold your vault token
Your deposit is deployed into the vault's strategy. In return, you receive a vault token that represents your position and accrues yield.
Redeem
Redeem your vault token for USDC, plus any accrued yield, within the vault's redemption window.
Institutional-grade risk management.
Every vault follows a disciplined risk process, run by operators with decades of institutional trading and credit experience.
SourcingAssets are originated and vetted by teams with institutional trading and credit backgrounds.
UnderwritingEach position is underwritten against defined credit, liquidity, and concentration limits.
MonitoringPortfolios are monitored continuously against risk limits, with active exposure management.
Why Kamui
Access Institutional Capital onchain
Real-world yield, liquid redemption, and permissionless access — in one protocol.
Institutional-grade underwriting
Every asset is assessed against a defined mandate: issuer quality, collateral coverage, and redemption terms. Reviewed daily by the same team that managed $25M in private credit offchain, with 0% defaults and 14% average APY.
Screened access
Access is subject to wallet screening (Chainalysis) and jurisdiction restrictions. Eligible users connect a wallet and fund with USDC.
Kamui — three vault layers
Isolated vault risk
Each vault operates on its own mandate and risk parameters. A problem in one vault is contained to that vault. It cannot propagate.
Uncorrelated yield
Returns derive from real-economy cashflows, not crypto price action. No directional bets, no token emissions, no reliance on protocol incentives.
Security & compliance
Vault secured by Lagoon
Kamui vaults run on Lagoon’s audited infrastructure. View the security audit here
Lagoon’s security auditors
Vault, accounting & redemption contracts
Trail of Bits audited the core vault contracts, accounting logic, and redemption mechanics in March 2026. One of the most respected names in smart-contract security, with a track record across Ethereum core infrastructure and leading DeFi protocols.
Oracle & programmatic rebalancing
Nethermind audited the oracle feeds and programmatic rebalancing logic in January 2026. The core Ethereum client team, with deep formal-verification expertise.
Register for launch updates
Receive vault launch notifications and protocol updates.