đ” Kamino V2: a full-stack infrastructure for on-chain credit on Solana
The V2 release of @KaminoFinance marks a major milestone: new markets, advanced products, and key partnerships.
Kamino is positioning itself as a core pillar of Solanaâs DeFi revival đ

â»ïž Kamino: a leading protocol on Solana
With V1, Kamino became Solanaâs top lending protocol:
âȘïž $4.2B+ in cumulative TVL
âȘïž 0 bad debt
âȘïž 14 audits
With V2, Kamino takes it to the next level: a modular, scalable and interoperable infrastructure built for Solanaâs next growth phase.
â»ïž Kamino V2 architecture
Kamino V2 introduces a modular design built to multiply lending use cases on-chain.
Itâs structured around 2 key layers:
âȘïž Market Layer â permissionless creation of custom markets with tailored risk parameters, oracles, illiquid assets, etc.
âȘïž Vault Layer â automated lending vaults designed to deliver yield strategies based on user risk profiles.
â»ïž V2 flagship product: Multiply
Multiply enables automated leverage loop strategies, already used for over $1B in TVL.
Examples: mSOL/SOL, bSOL/SOL, PT/SOLâŠ
Kamino V2 also introduces Spot Leverage: a simple 2xâ4x leverage strategy on spot markets.
At launch, 10 markets went live with $285k+ in monthly incentives, including:
âȘïž Marinade (mSOL/SOL, 10x)
âȘïž Maple Finance (SyrupUSDC/USDC, 5x)
âȘïž SolBlaze (bSOL/SOL, 7.5x)
âȘïž Sanctum (INF/SOL, 4x)
â»ïž Kamino V2 key metrics
In just 3 weeks, Kamino V2 markets crossed $200M in TVL.
In detail:
âȘïž $216M deposited
âȘïž $85M borrowed
âȘïž 2,350+ active positions
Two markets in particular illustrate the efficiency of Kaminoâs V2-Multiply synergy:

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