🔵 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 Solana’s DeFi revival 👇

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

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