Kamino is a Solana DeFi credit infrastructure protocol that unifies lending, liquidity, and leverage into a single product suite for borrowing, lending, leveraged SOL staking yield, leveraged DEX liquidity, and automated market-making yields. The protocol is based in the United Kingdom and describes itself as building the next generation of credit infrastructure on Solana. Kamino's TwitterScore is 250 out of 1000.

Kamino documentation outlines three product areas, Docs, Buildkit, and Curators, covering automated yield strategies, borrowing and lending markets, leveraged positions, and concentrated liquidity vaults. Kamino Vaults function as B2B lending infrastructure where curators deploy single-token vaults, route capital across lending reserves, manage exposure, and control allocation strategy, fees, risk parameters, and rewards on-chain. KMNO is the native token of Kamino Finance, with a total supply of 10,000,000,000 on Solana and a token generation event on April 30, 2024. Token distribution is listed as Community & Grants 35%, Key Stakeholders & Advisors 35%, Core Contributors 20%, and Liquidity & Treasury 10%, with a Genesis Allocation of 7.5% of total supply distributed at TGE to existing platform participants.

Kamino's security documentation states 18 external audits, 4 formal verifications completed, and 3 years live in production without incident, alongside a $1.5M Immunefi bug bounty program. Kamino Lend has been open source since inception, with repositories for Borrow/Lend, Earn Vaults, Limit Orders, and Scope Oracle. Oracle providers listed include Chainlink, Pyth Network, Switchboard, Redstone, and Kamino Scope. DeFiLlama lists Kamino as a lending protocol on Solana with ticker KMNO, showing Total Value Locked of $1.202b and Active Loans of $941.57m. CoinGecko lists Kamino under Solana Ecosystem, Decentralized Finance, and Lending/Borrowing Protocols categories.

On July 14, 2025, Kamino said it integrated xStocks on Kamino Lend using the Chainlink data standard, enabling users to borrow against tokenized equities on-chain, with 8 xStocks initially available as collateral: SPYx, QQQx, GOOGLx, APPLx, NVDAx, TSLAx, MSTRx, and HOODx. The integration was made in collaboration with Backed Finance, and Kamino products are not available to US, UK, or other restricted jurisdictions under its terms. On May 20, 2025, Kamino announced Steakhouse Financial as an official risk contributor to work on V2 Lending Vaults, V2 Markets, and RWAs, with Steakhouse debuting Solana-based lending vaults USDC Prime and USDG Lending Vault on Kamino V2. On November 11, 2025, Kamino introduced Gauntlet as an official vault curator, starting with SOL Balanced and USDC Prime Lending Vaults built on Kamino Lend V2.

On December 12, 2025, Kamino announced it was evolving from a lending protocol into an infrastructure layer for institutional finance and tokenized assets on Solana, introducing six products: Fixed Rates, Borrow Intents, Off-Chain Collateral, Private Credit, RWA DEX, and BuildKit. Fixed Rates was set to launch with FalconX as pilot borrower, and Off-Chain Collateral was developed in collaboration with Chainlink with an initial collateral-management integration with Anchorage Digital. At the time of the announcement, Kamino had grown to over $4B AUM, issued over $16 billion in loans, and safely processed $183 million liquidations with no bad debt to lenders.

In a February 9, 2026 risk-event analysis, Allez Labs reported that a February 5-6, 2026 market correction caused 55,649 liquidations across Kamino Finance markets, liquidating $19.36M in collateral from 30,030 wallets, with no bad debt generated. In an October 11, 2025 risk-event analysis, Allez Labs reported that October 10, 2025 volatility triggered $20 million in collateral liquidations across Kamino markets, processed with zero bad debt by more than 110 active liquidators. Kamino's governance forum showed active topics in 2026, including Kamino Lend Monthly Risk Insights for May 2026 dated June 20, 2026. Kamino is also affiliated with Privy, Solana Company, and Squads.

Smart Followers

The accounts that follow Kamino include 696 founders, 133 angel investors, 895 influencers and 35 VCs, among them Toly, Solana, Ansem, Laura Shin, Chris Burniske and Mert. Kamino is mentioned by 237 accounts across a total of 544 mentions.