Three wallets withdrew 9.06M KMNO tokens worth $539K from exchanges over a 2-day period ending December 31, 2025.

Nominated for "Best In Yield" award with winner announcement scheduled for December 30th, 2025

Completed 18 audits and three formal verifications.

Borrowing rates remain at approximately 4%, enabling leverage loop opportunities of up to 20% or more. SteakhouseFi announces hiring for a risk curation engineer position.

PRIME Multiply product reaches $30M in deployments, offering users amplified PRIME yield up to 24% APY.

Team representatives from Kamino join RWA ecosystem discussions in Abu Dhabi focused on onchain credit, liquidity, and risk infrastructure to support RWAs at scale.

Platform reveals specific details of new products: fixed-term borrowing rates, on-chain limit orders for loans, off-chain collateral borrowing through Chainlink and Anchorage partnership, BTC-backed USDC vault launching soon, and RWA DEX with oracle-priced liquidity for tokenized assets.

Kamino announces a brand refresh and the launch of six new products as part of a platform overhaul.

PT-sUSDe by Pendle integrates into Kamino through Chainlink CCIP, bringing Ethereum's flagship yield asset to Solana.

New dashboard goes live with tracking for deposits by token, borrows by token, interest fees, and stablecoin borrow/lend APY metrics.

PRIME becomes usable collateral within Kamino Lend, allowing users to scale yield up to 24% APY through the Multiply feature in one click.

Solstice farming platform lists Kamino as a partner (KMNO code) offering 1.3x reward multiplier alongside Raydium and Orca, with users earning Flares for lending and borrowing USX on Kamino.

Altitude Earn integrates Kamino's credit engine and Gauntlet risk management, giving businesses on Altitude direct access to Kamino's infrastructure.

Jupiter's COO publicly admits their earlier "zero risk of contagion" claim for Jupiter Lend was inaccurate after Kamino and other builders identified rehypothecation issues, with Jupiter deleting posts and planning clearer documentation after Breakpoint.

PRIME Market reaches $25M in deposits, becoming the fastest growing market on V2, with USDC and CASH utilization caps fully reached.

Accusations surface of a fake liquidations data scandal, alleging the team either failed to understand liquidations or deliberately misrepresented this core risk parameter to users.

The co-founder details why Kamino blocked Jupiter's migration tool this week, accusing Jupiter Lend of misleading users about vault isolation and cross-contamination risks, with collateral being rehypothecated to loopers. Fluid's co-founder confirms Jupiter Lend vaults use rehypothecation and are not completely isolated.

Users earn Flares rewards through Kamino loops via Solstice Finance partner integration.

PRIME Market surpasses $10M in deposits within 24 hours of launch. $75K in incentives go live for CASH borrows through a collaboration with Phantom.

A refinancing block sparks debate about open-source finance, becoming one of the biggest Solana news stories of the week.

Kamino is listed as a launch platform for Sanctum's new fwdSOL LST product, with the token now available for trading directly on the platform alongside Jupiter, Dflow, and Titan Exchange. Sanctum bootstrapped fwdSOL with approximately 1.7 million tokens from their SOL holdings and maintains $2B in TVL.

Kamino responds controversially to competition from Jupiter, becoming a topic of discussion in crypto media.

PRIME launches on Kamino, offering real-estate-backed yield up to 8% APY, developed by Figure and issued by Hastra Finance as a major RWA integration on Solana.

Kamino is the second-largest protocol by TVL on Solana behind Jupiter.

Total TVL reaches approximately $2.6B, as the Jupiter/Fluid joint venture's $1.3B represents 50% of this amount.

December features token unlocks for $KMNO with high insider emissions flagged as an area requiring closer attention.

fwdSOL, a new SOL liquid staking token from FWD, launches with composability across Kamino Lend and Multiply.

Nonprofits can now receive Kamino as donations through a crypto giving platform for CryptoGivingTuesday.

Kamino allegedly blocks users from migrating their funds to competitor Jupiter Lend on Solana, adding specific detail to earlier platform restriction allegations.

SyrupUSDC vault crosses $100M in total value, with capacity limits raised again to accommodate continued growth.

Competitive conflict between Kamino and Fluid intensifies in Solana DeFi, characterized as active "PvP" situation by traders.

Serious allegations surface about platform practices including misleading APRs with 9-month vested tokens, industry-highest fees across all chains, blocking users from leaving the platform, faking liquidation parameters, and pushing users into negative APYs to maintain profitability.

Kamino prevents users from migrating their loans to Jup Lend, blocking loan migration functionality that established DeFi protocols like Aave and Maker typically allow.

VanEck and Kamino Finance present together on Real World Assets (RWAs) at SmartCon 2025 conference.

SyrupUSDC/CASH Multiply returned 1.90% in the past month (~23% APY), verifiable through the platform's Backtesting tab across any timeframe or leverage.

Lending Vaults user earnings reach over $8M, growing from $7M in 8 days, while Season 5 distributes 6M+ locked KMNO tokens weekly to lenders.

A one-click migration tool enables users to transfer entire collateral and debt positions from the platform to Jupiter Lend for better rates.

Kamino Finance ranks as the 8th top weekly gainer with a +21.84% price increase.

A trader highlights Kamino's $3.5 billion FDV as offering superior value versus a competitor protocol valued at $1 billion with $150 million in AUM.

PYUSD offers the lowest borrow rate against SOL, LSTs, and BTC on Solana, with over $190M available to borrow below 5% APY.

PT-USX launches as a new yield product offering 15.91% APY, expanding the suite of principal token options alongside the existing PT-eUSX.

DefiLlama removes Kamino from their Solana TVL protocol listings in a recent platform ranking change.

A trader reports Kamino swap consistently provided superior pricing compared to Jupiter and Titan when acquiring a large Monad position.

xStocks RFQ trading goes live on the platform.

Token unlock event next week releases $11.22M worth of $KMNO tokens into circulation.

A third-party DeFi yield aggregation service launches US support with Kamino integrated alongside Morpho and Aave, enabling users to stake and lend stablecoins, ETH, and SOL with payouts up to 3 times weekly.

The platform's USDC oracle includes composability, resilience, and circuit breakers features accessible through the UI.

Kamino offers ~18.72% APY on $USX deposits and provides 5x Flares multiplier for Solstice protocol farming.

Season 5 incentives go live on Gauntlet USDC Prime vault, expanding available yield farming opportunities.

Kamino Swap provides better on-chain prices than Binance with sub 5 bps spreads, supported by propAMMs and optimized aggregator routes.

Supply $USX yields 15% APY, connected to Solstice protocol farming opportunities with potential $SLX token allocation.

Gauntlet becomes official vault curator with two new lending vaults live: Gauntlet USDC Prime and Gauntlet SOL Balanced.

USDC borrowers earn over $1M in vested KMNO tokens monthly during the active Season 5 rewards program.

PYUSD borrow curve adjusted in the Main Market, with over $200M now available to borrow at under 5% APY against SOL, LSTs, and BTC assets.

The main pool has over $100M PYUSD available to borrow at less than 2% APY with a flat rate curve.

Partnership with Certora Inc brings formal verification and continuous audits for smart contract security on Solana.

V2 development is underway with a curation model where basic strategies including SOL loops, vanilla BTC, and SOL borrows will not collect curator fees, and v3 planning is already in progress.

DFlow Protocol integration with Kamino enables trading with no fees and no bias, with Kamino Swap supporting DFlow trading.

New capacity opened for Solstice and Exponent Finance looping strategies, offering 51% APY at 5x leverage with $1m borrowing capacity remaining.

Season 5 goes live with up to 100M KMNO in rewards over three months, introducing borrow incentives on Kamino Lend and expanding lending rewards to additional Vaults. Vesting for the 90M KMNO earned in Season 4 begins November 12 with a six-month unlock period.

USX supply on the platform surpasses $11M and hits supply caps. USX suppliers receive 50k USX in monthly rewards plus 5x Flares multiplier on lending yield.

PT-eUSX deposit caps fill within an hour of launch, prompting a doubling of capacity with an additional 10M now available.

PT-eUSX from Exponent Finance lists in the Solstice Market, allowing users to earn fixed yield and use it as collateral to borrow USX or USDC on the platform.

The platform allocates $800K in monthly rewards for Phantom's CASH stablecoin and PSOL liquid staked SOL, offering 11.5% APY plus 1.8% in KMNO rewards on CASH lending, 13% APY on CASH-USDC liquidity pools, and 15% APY on PSOL multiply strategies.

Kamino partners with Flares system alongside Orca, Raydium, and Exponent. SOL borrowing rate is 10% APY, enabling arbitrage with P0 market lending at 20% APY.

SOL suppliers earn 19% APY on the platform.

AllezLabs now provides liquidity to FLP.1 on Kamino through Flash Trade integration.

MPLX liquidity incentives are active across Kamino vaults, with Kamino Lend support for MPLX coming soon.

The team has strengthened risk management protocols across configs, caps, LTVs, oracles, infrastructure, due diligence, and asset isolation in response to current market conditions.

CASH yields 12% on the platform with Phantom providing yield subsidies.

nxSOL is now available on the platform, expanding asset offerings.

Nansen's nxSOL is now live on Kamino as collateral with the deepest liquidity on Solana. All nxSOL deposits on Kamino Lend earn Nansen Points.

A zBTC-SOL liquidity pool on Kamino provides 4.86% APY for Bitcoin holders on Solana through Zeus Network's zBTC integration.

Integration with Helius Labs enables Kamino Lend code verification directly in the Orb Explorer.

Kamino TVL grew 33% quarter-over-quarter to reach $2.8B in Q3 according to Messari's Solana ecosystem report.

Aggressive TWAP trading activity observed on KMNO token by an unknown large holder.

$USX lending vault reaches $6M deposits out of $10M maximum cap, offering 20% APY paid in $USX plus 5x Flares multiplier through Solstice partnership.

USX supply integration provides $50,000 monthly incentives and delivers 22% total combined APY alongside 5x Flares multiplier.

$USX Growth Initiative Phase 1 distributes 50,000 monthly $USX to depositors with 5x Flares multiplier, first of multiple planned Solstice collaborations.

Solstice flares rewards program receives update featuring 5x multiplier for supplying USX and 10x multiplier for eUSX/USX Radium LP.

$14M token unlock scheduled for Thursday, October 30.

KMNO faces a major one-time token unlock over $5 million in the next 7 days according to Tokenomist.

Lending Vaults cross $5M in cumulative user yields, operating with 14 vaults across 6 assets and 7 vault managers.

New Solstice farming integration provides 5x Flares multiplier and approximately 6.5% APY for single-sided USX supply on the platform.

Kamino swap outperforms Titan_Exchange on pricing, offering rates comparable to Jupiter according to user testing.

Security firm Certora Inc now provides security services to Kamino, joining other major Solana protocols like Jito and Squads.

Main market enables -12% borrow APY on cdSOL with USDG borrowing and zero-slippage USDG/USDC swaps, integrated with Loopscale for yield farming strategies.

Paystreamlabs, an upcoming leveraged P2P lending protocol on Solana compared to early MorphoLabs, is identified as a competitor in the leveraged lending space.

New collaboration with Paxos and cdcSOL launches with $120K in incentives distributed over 4 months for cdcSOL holders on Solana.

Over 90 days, Kamino's token price action outperforms most lending DAO tokens, identified as one of the "least worst bets" alongside MorphoLabs.

PYUSD crosses $1B supply on Solana to become the 3rd largest and fastest-growing stablecoin on the network, scaled via a collaboration between Kamino and Sentora.

Phantom adds incentives to the CASH Lending Vault on Kamino, bringing total APY to 18% for stablecoins, among the highest on Solana.

New PIPE LP pool goes live with rewards.

Token incentives go live with 5,000 $JTO per month and 5x Hylo XP boost for hyUSD-JitoSOL liquidity pool deposits.

Kamino serves as a partner referral code in Solstice protocol alongside Orca and Raydium, providing users with maximum boost for earning flares in the Solstice ecosystem.

Liquidation transactions face potential censorship from Solana validators who could demand monthly payments to process them.

Jupiter competes in the borrow/lend market against Kamino and Drift, increasing competitive pressure in this segment.

KMNO now trades on Gemini with deposits and withdrawals enabled.

Multiply product introduces volatile pairs, allowing leveraged positions on assets like $SOL and $BTC, extending beyond previous yield-bearing loop strategies to include directional exposure options.

Arbitrage opportunity between Kamino USDG lending and Project 0 USDT borrowing with leverage looping shows only $300K deployed with significant remaining capacity.