Kamino Expands Horizons With Six New Products After Rebrand - Crypto Economy

TL;DR

• Kamino has moved past its lending-only phase and reorganized its offering to respond to a market that can no longer rely solely on retail liquidity.
• The team introduced six new products in Abu Dhabi and kicked off a transition toward an institutional credit system, an RWA infrastructure, and a developer kit.
• The rebrand comes after a strong year in which the protocol amassed $2.59B in liquidity and captured 75% of the TVL on Solana’s lending protocols, but the decline in memecoins pushed the team to pursue a more stable and scalable model.

Kamino has left behind its stage as a lending-only protocol and reshaped its offering to respond to a market that can no longer be sustained by retail liquidity alone.

The team unveiled six new products during the Breakpoint event in Abu Dhabi and initiated a transition that places the platform in a new market: an institutional credit system, an RWA infrastructure, and a developer kit designed to anchor its technology inside other apps.


Institutional Credit, RWAs, and Developer Tools

The rebrand accompanies a strong year for Kamino, which accumulated $2.59B in liquidity and captured 75% of the TVL across Solana’s lending protocols. Its growth relied on an aggressive strategy of accepting memecoins as collateral, a model that worked as long as the market kept its volume. The slowdown in that segment and the rise in risk pushed the team to rethink its approach and steer the platform toward a more stable and scalable profile.

The core shift is Kamino’s formal entry into real-world assets. The protocol identified the growing demand for RWA-linked products and decided to build a bridge between tokenization and DeFi. It will launch a DEX specialized in tokenized assets, supported by oracle infrastructure and more precise pricing tools. The goal is to turn that liquidity into usable credit within the ecosystem, something that does not currently exist on Solana beyond early experiments like XStocks.


The platform also introduced a fixed-rate product for institutional loans. FalconX will act as the first taker and serve as a reference point for the sector. Another module will create a lending market based on intents, where users post their desired terms and get matched with lenders, offering a more predictable mechanism than variable rates driven by pool utilization.

Kamino Will Work With Chainlink and Anchorage Digital

Kamino will expand its offering with loans backed by off-chain collateral held in qualified custody. It will use Chainlink data and work with Anchorage Digital to issue on-chain credit backed by external guarantees, broadening the range of accepted assets and reducing dependence on volatile collateral. The protocol will also add a BTC-backed USDC vault to attract institutional capital seeking private credit products.


This expansion will also help Kamino counter Jupiter Lend, which has been gaining momentum and users. Even so, the protocol maintains its lead and expects the new product line to offset the drop in retail activity