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The Solana Kamino lending protocol faces criticism due to loan transfer restrictions
According to ChainCatcher, Solana's lending protocol, Kamino, is under scrutiny for banning users from transferring loans through Jupiter Lend's refinancing tool. Kamino manually blacklisted the new Jupiter Lend address for refinancing, preventing users from closing positions through this address.
Kash Dhanda, a key contributor to Jupiter, expressed dissatisfaction on X. Simiak Jain, co-founder of the DeFi liquidity protocol Fluid, pointed out that Kamino has implemented a mechanism to lock users, preventing them from moving to platforms that offer higher yields.
Data from DefiLlama indicates that the total value locked (TVL) in the Solana lending market is around $3.7 billion, with Kamino holding over 60% of the market share. However, Kamino's locked value has decreased from $3.71 billion at the beginning of October to $2.33 billion, representing a decline of nearly 30% over two months. As of the time of this report, neither party has publicly responded to the issue.$SOL
{spot}(SOLUSDT)
According to ChainCatcher, Solana's lending protocol, Kamino, is under scrutiny for banning users from transferring loans through Jupiter Lend's refinancing tool. Kamino manually blacklisted the new Jupiter Lend address for refinancing, preventing users from closing positions through this address.
Kash Dhanda, a key contributor to Jupiter, expressed dissatisfaction on X. Simiak Jain, co-founder of the DeFi liquidity protocol Fluid, pointed out that Kamino has implemented a mechanism to lock users, preventing them from moving to platforms that offer higher yields.
Data from DefiLlama indicates that the total value locked (TVL) in the Solana lending market is around $3.7 billion, with Kamino holding over 60% of the market share. However, Kamino's locked value has decreased from $3.71 billion at the beginning of October to $2.33 billion, representing a decline of nearly 30% over two months. As of the time of this report, neither party has publicly responded to the issue.$SOL
{spot}(SOLUSDT)
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