Kamino Lending, the rising DeFi protocol on Solana, will rebrand and supply six new merchandise. Kamino introduced its plans in the course of the Solana Breakpoint occasion in Abu Dhabi.
Kamino will shift from pure crypto lending to a wider collection of DeFi merchandise, providing six new providers. The app is making an attempt to adapt to a shifting DeFi local weather, as Solana makes an attempt to achieve a wider share of DeFi and exterior liquidity.
The largest shift on Kamino will have an effect on its capability to tokenize real-world property. Kamino selected this path of growth after important RWA development prior to now 12 months.
Introducing the brand new Kamino
A refreshed model. Six new merchandise. A platform constructed for the following technology of property and establishments shifting onchain.
Welcome to the following chapter 🧵 pic.twitter.com/MVrfl3NGro
— Kamino (@kamino) December 12, 2025
Kamino beforehand labored to offer liquidity and improve its affect by accepting a number of meme tokens as collateral. The protocol accrued $2.59B in complete worth locked.
The slower Solana meme market and the dangerous collateral, nonetheless, led Kamino to reshape its enterprise. The protocol now goals to grow to be the bridge between asset tokenization and DeFi.
Kamino targets institutional customers
Through the Solana meme increase, Kamino served retail and whale insiders, offering USDC liquidity towards stablecoins.
For 2026, Kamino set a brand new plan, aiming to supply institutional-grade providers. To that finish, Kamino unveiled its six new merchandise, partially linked to its lending construction.
Kamino will add a fixed-rate product, locking the borrowing charge for a sure time period. FalconX will grow to be the pilot borrower, demonstrating the institutional-grade credit score.
One other product will construct a lending market by borrowing intents. Potential debtors will put up their desired phrases, and will likely be matched with lenders.
Lending within the crypto house is a bit too risky. Charges rely upon liquidity pool utilization and may fluctuate broadly, creating high-risk, unpredictable loans. By necessity, crypto has additionally had to make use of a lot bigger collateral to safe a few of its loans, resulting in inefficiencies that aren’t acceptable to establishments.
Kamino may even combine off-chain collateral, permitting on-chain borrowing for property in certified custody. The protocol will use Chainlink knowledge and problem loans in partnership with Anchorage Digital. Kamino may even be part of the non-public credit score development by launching a brand new BTC-backed USDC vault.
For RWA growth, the protocol goals to launch a specialised DEX. The protocol will construct liquidity for tokenized property, whereas additionally utilizing exact oracles for pricing. At present, XStocks is the usual of Solana-based tokenized shares, however the property will not be built-in into DeFi.
The final new product will likely be a Construct Package, focusing on builders with SDK and API entry, to combine Kamino yield into different apps.
Kamino remains to be the main lending protocol on Solana
Kamino Lend remains to be the most important lending protocol on Solana. As a complete, the chain carries $3.6B locked in lending liquidity, of which Kamino has a share of as much as 75%.
The greatest competitor of Kamino is Jupiter Lend, which emerged within the second half of 2025 and rapidly began accumulating loans. Initially, Kamino even tried to stop its customers from utilizing Jupiter Lend.
The latest growth with new merchandise could enhance the general market share of Kamino and offset a number of the misplaced revenues from retail customers switching to Jupiter Lend.
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