Meme Insider
Kamino Lending V2 Launch: A Game-Changer for Solana DeFi
On April 29, 2025, the crypto community on X buzzed with excitement as gum (@0xGumshoe) shared a major update: Kamino, a leading DeFi platform on Solana, announced the launch of Lending V2. This upgrade promises to reshape lending on the Solana blockchain, offering users the chance to earn annual percentage yields (APYs) ranging from 15% to a staggering 999%+ across various assets. Let’s break down what this means for DeFi enthusiasts and how you can get involved.
What Is Kamino Lending V2?
Kamino is a decentralized finance (DeFi) platform on Solana, a high-speed blockchain known for its low transaction fees and ability to handle thousands of transactions per second. Kamino specializes in borrowing, lending, market-making, and leverage opportunities, allowing users to earn yield on assets like SOL (Solana’s native token), stablecoins like EURC, and meme tokens like POPCAT.
Lending V2 is Kamino’s latest upgrade, focusing on enhanced safety standards and more ways to farm yield. As @0xGumshoe notes, this update comes hot on the heels of improvements to Kamino’s Multiply tool, which also unlocked higher APYs for users. The platform’s ability to attract both lenders and borrowers has solidified its dominance in Solana’s DeFi ecosystem, even in volatile markets.
High APYs: Opportunities and Risks
The standout feature of Kamino Lending V2 is its APY range. The tweet highlights yields for different assets:
- SOL: 15% APY for lending, with a 7% APY specifically on the Jito Market due to rising demand.
- EURC: 40% APY for lending this Euro-backed stablecoin from Circle.
- USDC-SOL Liquidity Pool: 20% APY for liquidity providers.
- POPCAT-SOL Liquidity Pool: A jaw-dropping 999%+ APY for the third consecutive week.
These yields are enticing, but they come with risks. For instance, liquidity pools like POPCAT-SOL can offer massive returns but are subject to impermanent loss—a situation where the value of your assets in the pool changes compared to holding them outside the pool due to price fluctuations. If you’re considering the 999% APY, @0xGumshoe advises understanding this risk before diving in.
Stablecoin lending, like EURC at 8% APY, offers a lower-risk option. The borrow APY for EURC is only 1.81%, incentivized for two months, making it a solid choice for those looking to add some complexity to their DeFi strategy without excessive risk.
Why Solana and Kamino?
Solana’s ecosystem has been thriving in 2025, thanks to its scalability and low fees—transactions cost less than $0.0025, as noted on Solana’s official site. This makes it an ideal platform for DeFi platforms like Kamino to flourish. According to a Medium article by GMO-Z.com, Solana’s total value locked (TVL) in DeFi has surged, driven by platforms like Kamino, Raydium, and Orca.
Kamino itself has seen impressive growth. @0xGumshoe shares that the platform’s swap page hit nearly $400M in volume in just four weeks—about $100M weekly. Additionally, Kamino’s supply and borrow metrics for SOL show consistent growth, with 19.6M SOL supplied and 15.5M SOL borrowed as of March 2025.
How to Get Started with Kamino Lending V2
Ready to explore these opportunities? @0xGumshoe provides a link to get started: Kamino’s official app. Here’s a quick guide:
- Lend Assets for Yield: Deposit tokens like SOL or EURC to earn APYs like 7% or 8%. This is a straightforward way to generate passive income.
- Provide Liquidity: Join liquidity pools like POPCAT-SOL for higher yields (up to 999%), but research impermanent loss first.
- Multiply or Borrow: Use Kamino’s Multiply tool for leveraged yields, or borrow assets like USDG with incentives offering up to 48% APY.
For those interested in EURC-SOL liquidity pools, note that the 43% APY incentives ended on April 30, 2025. Post-incentive, the USDC-SOL pool at 21% APY might be a better option.
The Future of DeFi on Solana
Kamino’s Lending V2 launch underscores Solana’s growing dominance in DeFi. With platforms like Kamino pushing the boundaries of yield farming and lending, Solana continues to attract developers and users alike. As @0xGumshoe puts it, “The future of Solana is in GREAT hands!” Whether you’re a seasoned DeFi user or a newcomer, Kamino Lending V2 offers a range of opportunities to explore—just make sure to weigh the risks and rewards before jumping in.
Have you tried Kamino yet? Let us know your thoughts in the comments below!
