Kamino Lend

Solana's main money market, with curated vaults, which took tokenized stocks (xStocks) as loan collateral from July 2025.

Run by

Kamino, a Solana protocol

Route

Open protocol, non US

Size

≈ $1.50B TVL, $1.00B lent (DefiLlama, Nov 5, 2026)

Launched

Aug 2022

License

None for the protocol and no US license. Its terms limit some countries; check them before use.

Backing

Loans against SOL, staked SOL, BTC, stablecoins and xStocks, in markets and vaults with limits set by curators.

Reports

18 audits, 3 formal verifications and no bad debt (Dec 2025). Replaced Switchboard feeds in Sep 2026, and paused some markets for a day after the Oct 29, 2026 Binance hack with no losses reported.

Networks

Solana only.

Access

Open to wallets, but its terms exclude the US and UK. Galaxy launched curated USDC and USDT vaults on it (Sep 17, 2026).

Yield

USDC supply about 4.35% (Bitcompare, Sep 28, 2026), paid by borrowers; curated vaults set their own mix.

Rules

Its terms exclude US persons, but US law can still apply to US users who get in. xStocks are also sold only outside the US.

More ways to earn and borrow

Aave Morpho sUSDS sUSDe Ledn Veda

Public information as of September 2026, simplified. Not legal or investment advice. Open the full earn and borrow world.