Kamino
@kamino
Building the next generation of credit infrastructure on Solana. NFA. Join us:
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Another big week on Kamino:
▫️ Kamino Fixed Rates crossed $75M in active loans
▫️ The Backpack Market launched, letting users borrow USDC against @Backpack Securities' 1:1-backed tokenized equities, including $MU, $SKHY, $SPCX and $SNDK
▫️ The @SentoraHQ Huma PST Market went live and grew to $10M, letting users borrow PYUSD against @humafinance's PST
▫️ Over $10M in fixed-rate loans are now active in the @onrefinance Market
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[Speaker Announcement]
Fixed-rate loans, now on Kamino.
Michael Weisz became CEO of @kamino in September. Tokenized stock supply on Kamino Lend has grown about 15x in a year, to roughly $50M. He joins us at Breakpoint in London, 15-17 November.
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The Backpack Market supports cross-collateral borrowing, so several stocks can back one USDC loan.
- @AllezLabs, the market’s curator, gives each stock its own borrowing limit
- Your loan’s limit is the total across your stocks, so a price rise in any one of them adds to how much you can borrow.
- If the loan reaches its liquidation point, the stock with the lowest liquidation LTV is sold first
This means you can borrow against your @backpackonchain stocks together, in one loan with one borrowing limit
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Kamino Fixed Rates are a game changer.
The future of credit is fixed.
Knowing your borrowing cost upfront changes how you manage capital.
Kamino is making that possible on Solana.
the only thing stopping fixed rates growing even faster is capacity
every increase was filled within hours of launch
kamino's fixed rate ux with auto-rollovers enabled turned maturity dates from a churn event into a hands-off experience where 90% of user rolled into a new term
that's why kamino is the fastest growing fixed rates platform onchain
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Kamino Fixed Rates just crossed $75M in active loans, making it the fastest-growing fixed-rate lending protocol onchain.
The future of credit is fixed.
Following continued monitoring of the ongoing Binance situation, borrowing has resumed in the SOL/BTC Market.
While borrows were paused, the team monitored onchain activity to assess any risk to the market or users. We found no immediate risk, and Kamino remained unaffected throughout.
Deposits, withdrawals and repayments continued to process normally.
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Kamino has been in a war room since the first rumours of the Binance hack, before anything was confirmed.
We checked our major collateral assets with their issuers and our partners. So far, we see no exposure to the hack and no backing issues.
We blocked the attacker’s SOL wallet from using Kamino's infrastructure within 5 minutes of identifying it.
As a precaution, we have also paused on chain borrowing on the SOL/BTC market. We expect to resume shortly.
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Kamino can confirm that it is currently unaffected by the ongoing Binance situation
Out of an abundance of caution, we have temporarily paused borrowing in the SOL/BTC Market
We are actively monitoring the situation and are in communication with various partners. Any further updates will be communicated solely here on Kamino’s official Twitter account
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Over $10M in fixed-rate loans are now active in the @onrefinance Market on Kamino.
Fixed Rates bring a known cost of capital to reinsurance-backed strategies through rolling 30-day terms.
A new standard for fixed-rate credit.
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I'm excited to be speaking at @solana Breakpoint in London next month.
I'll be sharing more detail on our vision and what we're building at Kamino. We will cover the gamut; tradfi assuets and customers coming on chain making yield and liquidity easier to access, fixed-rate onchain credit markets, and more.
Tokenized assets will unlock a multi-trillion dollar credit market that couldnt exist without it. New collateral offers new lending origination. @kamino we're building the infrastrucutre to make it all happen right here on @solana
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Fixed-rate loans, now on Kamino.
Michael Weisz became CEO of @kamino in September. Tokenized stock supply on Kamino Lend has grown about 15x in a year, to roughly $50M.
The Sentora Huma PST Market is now live on @Kamino.
Users can borrow PYUSD against @humafinance's PST, and the Sentora PYUSD Vault now allocates to this market. Depositors get exposure to real-world payment yield, under our risk framework
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Payment-receivables credit continues to scale across curated vaults, and Huma is building the standard alongside @SentoraHQ.
Today, we're bringing Sentora Huma PST Market to @Solana DeFi.
Borrow PYUSD against Solana's PayFi yield primitive, now live on @Kamino.
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Borrow PYUSD against PST on Kamino.
The Sentora Huma PST Market is now live, letting users borrow PYUSD against @humafinance’s yield-bearing PST, curated by @SentoraHQ.
Backpack continually shipping gud tech & products
Their stocks are in the early innings but already taking the market by storm
Stoked to now via Kamino get more on chain utility for them!
I'm looking for a talented BRAND DESIGNER with a FOCUS ON MOTION to come work with me @kamino
You are a rare hybrid that has a background in branding, graphic design, concept development, art direction and of course, a love for making brands move.
Application link below ↓
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There is no better credit layer for tokenized equities than Kamino.
Looking forward to seeing @Backpack fueled growth of the already existing $50M in tokenized equites supplied.
BP stocks are 1:1 backed by shares and can be redeemed through backpack.
Just getting started.
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