December 4th news, Solana lending agreement Kamino has attracted criticism for preventing users from transferring loans through Jupiter Lend's refinancing tool. Kamino manually blacklisted the address on Jupiter Lend's newly launched Refinance tool chain, preventing users from positioning squaring through the address.
Jupiter core contributor Kash Dhanda expressed dissatisfaction on X. DeFi liquidity protocol Fluid co-creation Samyak Jain pointed out that Kamino directly adds a check mechanism to lock in users and prevent them from switching to higher-yielding platforms.
According to DefiLlama data, the total lock-up value of the Solana lending market is about 3.70 billion US dollars, Kamino occupies more than 60% of the market share, but its TVL has dropped from $3.71 billion in early October to $2.33 billion now, a drop of nearly 30% in two months. As of press time, neither side has publicly responded to the matter.
Kamino blocks users from refinancing through Jupiter Lend, causing controversy
2025-12-04 02:12:04
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