Solana

Jupiter

DeFi

USDC

Kamino Lending, the growing DeFi protocol on Solana, will rebrand and offer six new products. Kamino announced its plans during the Solana Breakpoint event in Abu Dhabi.&nbsp;
Kamino will shift from pure crypto lending to a wider selection of DeFi products, offering six new services. The app is trying to adapt to a shifting DeFi climate, as Solana attempts to gain a wider share of DeFi and external liquidity.&nbsp;
The biggest shift on Kamino will affect its capacity to tokenize real-world assets. <a href="https://www.cryptopolitan.com/solanas-yakovenko-claims-kamino-is-better-economic-value-in-feud-with-aaves-founder/" rel="noopener noreferrer nofollow">Kamino</a> chose this path of expansion after significant RWA growth in the past year.&nbsp;
<blockquote class="twitter-tweet">
 Introducing the new Kamino
 A refreshed brand. Six new products. A platform built for the next generation of assets and institutions moving onchain.
 Welcome to the next chapter 🧵 <a href="https://t.co/MVrfl3NGro" rel="noopener noreferrer nofollow">pic.twitter.com/MVrfl3NGro</a>
 — Kamino (@kamino) <a href="https://twitter.com/kamino/status/1999401802844742122?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow" target="_blank">December 12, 2025</a>
</blockquote>

Kamino previously worked to provide liquidity and increase its influence by accepting multiple meme tokens as collateral. The protocol accrued <a href="https://defillama.com/protocol/kamino" rel="noopener noreferrer nofollow" target="_blank">$2.59B</a> in total value locked.&nbsp;
The slower <a href="https://www.cryptopolitan.com/meme-markets-crash-frenzy-burns-out/" rel="noopener noreferrer nofollow">Solana meme market</a> and the risky collateral, however, led Kamino to reshape its business. The protocol now aims to become the bridge between asset tokenization and DeFi.&nbsp;
<h3 id="span-style-font-weight-400-kamino-targets-institutional-users-span">Kamino targets institutional users</h3>
During the Solana meme boom, Kamino served retail and whale insiders, providing USDC liquidity against stablecoins.&nbsp;
For 2026, Kamino set a new plan, aiming to offer institutional-grade services. To that end, Kamino unveiled its six new products, partially linked to its lending structure.&nbsp;
Kamino will add a fixed-rate product, locking the borrowing rate for a certain term. <a href="https://www.cryptopolitan.com/falconx-opens-market-for-staking-yield/" rel="noopener noreferrer nofollow">FalconX</a> will become the pilot borrower, demonstrating the institutional-grade credit.&nbsp;
Another product will build a lending market through borrowing intents. Potential borrowers will post their desired terms, and will be matched with lenders. 
Lending in the crypto space is a bit too volatile.&nbsp;Rates depend on liquidity pool utilization and can vary widely, creating high-risk, unpredictable loans. By necessity, crypto has also had to use much larger collateral to secure some of its loans, leading to inefficiencies that are not acceptable to institutions.&nbsp;
Kamino will also integrate off-chain collateral, allowing on-chain borrowing for assets in qualified custody. The protocol will use Chainlink data and issue loans in partnership with <a href="https://www.cryptopolitan.com/anchorage-digital-bridges-crypto-and-cash/" rel="noopener noreferrer nofollow">Anchorage Digital</a>. Kamino will also join the private credit trend by launching a new BTC-backed USDC vault.&nbsp;
For RWA expansion, the protocol aims to launch a specialized DEX. The protocol will build liquidity for tokenized assets, while also using precise oracles for pricing. Currently, XStocks is the standard of Solana-based tokenized stocks, but the assets are not integrated into DeFi.&nbsp;
The last new product will be a Build Kit, targeting developers with SDK and API access, to integrate Kamino yield into other apps.&nbsp;
<h3 id="span-style-font-weight-400-kamino-is-still-the-leading-lending-protocol-on-solana-span">Kamino is still the leading lending protocol on Solana</h3>
Kamino Lend is still the biggest lending protocol on Solana. As a whole, the chain carries <a href="https://defillama.com/protocols/Lending/Solana" rel="noopener noreferrer nofollow" target="_blank">$3.6B</a> locked in lending liquidity, of which Kamino has a share of up to 75%.&nbsp;
<figure style="width: 100%" class="wp-caption alignnone">
 <img loading="lazy" src="https://www.cryptopolitan.com/wp-content/uploads/2025/12/KaminoLendDec122025.png" alt="Kamino has rebranded from simple lending, offers six new products" width="1654" height="535">
 <figcaption>
 Kamino lost some of its liquidity and market share in the past months, but remains the leading lending protocol on Solana. | Source: <a href="https://defillama.com/protocol/kamino" rel="noopener noreferrer nofollow" target="_blank">DeFi Llama</a>
 </figcaption>
</figure>
The <a href="https://www.cryptopolitan.com/solana-kamino-jupiter-rivalry/" rel="noopener noreferrer nofollow">biggest competitor</a> of Kamino is Jupiter Lend, which emerged in the second half of 2025 and quickly started accumulating loans. Initially, Kamino even tried to prevent its users from using Jupiter Lend.&nbsp;
The recent expansion with new products may boost the overall market share of Kamino and offset some of the lost revenues from retail users switching to Jupiter Lend.&nbsp;
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Kamino adds new institutional loans, RWA, developer kit products in platform rebrand

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