Kamino Lend V2 is Live on Mainnet! Built on the battle-tested V1 codebase, V2 brings Modular Lending to @solana Automated lending vaults, modular market infrastructure, margin leverage trading, RWAs, & more Welcome to a new era of credit on Solana⤵️

New proposal dropped! Time to make liquid $ALP great again (real) 💉 @AllezLabs proposes launching an Adrena market on @KaminoFinance V2 with $70K (2.8M $ADX) in incentives to bootstrap liquidity, unlock leveraged $ALP yield, and target up to $10M in TVL over 2 months. Every vote counts in shaping where $ALP goes next. Cast your vote 👇 dao.adrena.xyz/dao/AdrenaDAO…

1/ We are excited to announce that @AllezLabs is joining Kamino as official contributors Consisting of a group of DeFi veterans, Allez will be working closely with Kamino on risk and strategy as the protocol scales with Kamino Lend V2

Today we launch Hyperdrive — the stablecoin money market built for Hyperliquid, and the foundational layer for making everything on HyperCore liquid. This is our story:

1/ $ALP from @AdrenaProtocol has been onboarded to Kamino Lend Via the new Adrena Market, managed by @AllezLabs, users are able to leverage their ALP exposure by borrowing USDC To fuel the launch, up to $65K in $ADX incentives will be available, awarded to USDC depositors

BM Boyco Particpants 🐻 The time to withdraw from the landmark @berachain genesis program is finally here. Royco has successfully distributed 2% of the BERA supply to $3B of LP capital through Boyco. Please visit berachain.royco.org to check your allocation.

1. Curated Earn Vaults - DeFi Lending Evolved V2 Earn Vaults are Automated Lending Vaults that maximize your yield across a variety of markets, based on a specified risk profile: Conservative, Balanced, or Aggressive With V2, Kamino is evolving into a highly versatile credit platform, able to facilitate a virtually endless variety of borrowing environments. What this means as a lender, however, is that the variety of lending opportunities will simply grow too diverse to truly optimize your earnings and risk exposure. That's why we've built Kamino's Earn Infrastructure. Here's how it works ⤵️ Each Earn Vault deploys into a range of V2 Markets, as selected by the vault curator, and as clearly outlined by the vault mandate. Vaults automatically rebalance user deposits across its selected markets, ensuring users are earning maximum yields at all times, while adhering to the risk profile of the vault. We believe this will fundamentally evolve how users lend money on Solana, enabling a much more seamless earning experience, while servicing a wide range of risk appetites. At launch, Kamino's V2 Vault Managers include: @SteakhouseFi, @Re7Labs, @AllezLabs, and @MEVCapital Over time, the vault layer will grow extremely diverse, with support for a huge range of assets. The Earn Vault smart contract has been quadruple-audited before launch, by @osec_io, @certora, @Offside_Labs, and @sec3dev

@AllezLabs' USDC vault has the same exposure as Steakhouse's and MEV Capital's and is always the top yield, check anytime any day on the Kamino UI our vault is marked "Balanced" for a reason, soon we'll have different exposure than the existing vaults new high yield collateral markets are coming

Tomorrow.

1/ Kamino Season 4 is now live A full overhaul of Kamino's rewards system, Season 4 will have a fixed KMNO allocation, a fixed duration, and transparent user rewards Season 4 Hub: app.kamino.finance/season4 Welcome to a new era ⤵️

🚀 @KaminoFinance V2 is live Allez Labs is proud to be at the forefront of Kamino V2 — the most modular DeFi lending solution and its on @solana We’re launching 2 flagship vaults + 2 new markets on Day 1 to unlock safer, smarter yield for everyone 🧵👇

📊 @KaminoFinance Lend: May 2025 Monthly Report 🧵 May saw the debut of Kamino Lend V2, kicking off a modular modular new era for @Solana credit markets – alongside continued growth across the protocol Let’s dive in 👀

We’re proud to unveil @AllezLabs - a premier research and risk-advisory firm, as a strategic partner and investor in Syntetika! Founded by minds who contributed to @aave, @KaminoFinance, and @BlockAnalitica, Allez brings institutional-grade expertise in Quantitative risk modeling, Protocol & incentive design, Yield architecture and On-chain analytics Allez's frameworks have safeguarded billions in DeFi TVL, and that same expertise will now help strengthen the design of Syntetika’s operations - with a focus on risk management, scalability, and efficient capital use

🏋️‍♂️ The Allez Vaults crossed $10M in liquidity 🧠 Our strategies allocate capital across @KaminoFinance LST & bluechip markets optimizing for yield & risk: → Allez SOL $6.35M at 19.8% APY → Allez USDC $4.15M at 5.06% APY Check it out on app.kamino.finance/earn/lend

it's a beautiful day to: increase bandwidth, reduce _______

Thanks to our community, Hyperdrive has secured $50M+ just 3 weeks after launch. To maintain system integrity, deposit caps are added as a feature, not a limitation. On scaling safely 🧵 👇

1/ We are excited to announce significant updates to the $JLP Market and $JLP Multiply As of today, Kamino's JLP Origination Fee has been removed - allowing users to open & adjust positions at zero cost In addition, Max LTV has been raised to 84% - enabling up to 6x Multiply

Breakdown of all liquidations suffered by SOL Multiply users since launch in 2023: Zero. Thanks to Kamino’s unique LST architecture, developed fully in-house, not a single dollar has ever been liquidated in SOL Multiply. Only on Kamino.

BIG UPDATE REGARDING STAKE THE BRIDGE AND AAVE SITUATION! A few days back @AllezLabs, @MorphoLabs and @Yearnfi put up a “Pre-PIP”, a proposal for the proposal, to enable staking of Polygon PoS bridge funds. The Polygon community made their voice heard and was generally against the proposal. I personally spoke to 50+ community members and feel that the pre-proposal in its current form does not address some of the concerns of the community and hence I am also unsupportive of the proposal. Considering many other Polygon community members, this STB pre-proposal looks to be rejected. Voicing loudly opinions against a proposal is a huge success of Polygon Governance. NOW! Let's talk about what Aave leadership did here, but first a few facts: Aave Campaigned Hard for the similar proposition previously When this pre-proposal was first brought into discussion, Aave leadership was super excited about it and lobbied heavily to make sure the bridge funds go to Aave deployment. During the public RFP process on Polygon Governance portal, Aave leadership had multiple meetings and invited Polygon Labs leadership to various dinner meetings and presentations to garner Polygon Labs support to “select Aave” for stake the bridge process. They posted their own pre-PIP, which generated very little conversation in the Polygon community. What Morpho Did Differently Considering what Morpho wanted to bring into the Polygon ecosystem — huge grants to Polygon Defi community as incentives, superior decentralisation and control over contracts for the Polygon community, as well as very simple smart contracts with fewer attack vectors — Morpho got a head start in garnering other community members who were supportive of their vision of STBl. In this version, Aave was still going to receive a large part of the yield for its users on Polygon POS deployment. Aave Attacking Polygon Once there was some traction after Morpho (and others) posted their pre-PIP, Marc Zeller — a vocal delegate in the Aave community —posted a vicious threat proposing to discontinue Aave deployment on Polygon PoS bringing huge hassle to their users, just to make sure that the biggest and fastest-rising competitor to Aave - Morpho — didn’t get the growth boost from STB. The proposal disregards the security measures already in place and feels more like “sour grapes” than a constructive contribution to the dialogue. Ironically, this move would harm the very users it claims to protect by disrupting their access to a stable and thriving DeFi ecosystem. It's hypocritical to claim concern for user security while simultaneously attempting to destabilize an ecosystem that so many depend on. To underscore just how personal this attack was, a prominent Aave leader even went as far as tweeting, "Operation Polygon(e)." This is extremely monopolistic and anti-competitive behaviour from Aave leadership and not at all aligned with the Ethos of Web3. This is a prominent example of a DAO leadership engaging in anti-competitive tactics and bullying other ecosystems to play to their tune. The Polygon community should not be intimidated by monopolistic tactics or aggression and should continue to explore innovative mechanisms to achieve more success. Our commitment is to a thriving, competitive, and truly decentralised DeFi ecosystem that serves the best interests of all users and builders. The Polygon community will continue to push the boundaries of what’s possible, standing resolute against any actions that undermine the principles of Web3. We remain open and eager for positive, constructive dialogue with the community, but on equal terms. This goes both as well as with both for Morpho, and Aave or any other Web3 player to ensure a collaborative path forward.

Over 1% of all circulating SOL is borrowed on @KaminoFinance 📈

Adrena x Allez Labs: Allez! $ALP nitter.app/i/spaces/1yNxaLgNYqjJj

The Adrena market is now live on Kamino V2 🚨 Users can borrow USDC against ALP, unlocking leveraged exposure to one of Solana's highest yielding LP tokens. 💰 2.8M ADX in incentives 🎯 65% LTV up to 2.86x Multiply Lets get you looped in👇

Polygon's Stake-to-Bridge SuperPanel nitter.app/i/broadcasts/1zqKVYEYR…

Demain.

Earn 20% APY on your SOL with bSOLxSOL @KaminoFinance Multiply and @solblaze_org Check it out on app.kamino.finance/multiply

Hearing things

USDC is ready. Are you?

Tomorrow.

1/ On Monday, January 6th, the SOL Utilization Cap will be removed in Kamino's Main Market This will introduce a free market environment for SOL supplies and borrows to find a natural equilibrium, and can ultimately lead to greater SOL inflows for the protocol More info below⤵️

We’re onboarding @AllezLabs to the Hyperdrive Risk Council! The Allez team has experience working with leading protocols such as @Aave and @KaminoFinance, developing risk models and holistic strategies to grow lending markets. Welcome them to @Hyperliquidx!

Accelerate Solana DeFi.

1/ We’re proud to share Kamino Earn Vaults have been formally verified by @certora —a major security milestone This confirms Kamino Earn meets the highest safety standards, making it the most secure yield product on @solana Fully open source. 4x audited. Formally verified.

AMA this Thursday with Vault Manager @AllezLabs 💉 Adrena x Allez Labs: Allez, $ALP! 📅 July 31 (Thu) 🕐 1:00 AM PDT / 10:00 AM CET / 12:00 PM GST / 5:00 PM HKT Curated on @KaminoFinance, ALP Multiply now yields up to 130% APY! Want to hear vault details & cap plans? Don’t miss it!