Kamino Finance在Solana上的V2貨幣市場很重要，而且他們正在快速移動

卡米諾（Kamino）在PT貸款空間中的崛起特別出色。該平台已迅速超越了其競爭對手的漂移和PT礦床的循環大規模，並以2800萬美元的存款結束了，Drift的1,170萬美元和LoopsCale的900萬美元存款。

Kamino Finance's v2 money markets on Solana have made a huge impact with their rapid deployment and enduring popularity.

Kamino Finance在Solana上的V2貨幣市場對其快速部署和持久的受歡迎程度產生了巨大影響。

As the premier destination for borrowing against principal tokens (PTs), Kamino's markets are also fetching an impressive amount of liquidity. While this occurrence is primarily driven by user demand, it also speaks to Kamino's role in facilitating some of the more interesting and sophisticated DeFi strategies being deployed today.

作為針對本金代幣（PTS）借貸的主要目的地，卡米諾的市場也正在吸引令人印象深刻的流動性。儘管這種情況主要是由用戶需求驅動的，但它也說明了卡米諾在促進一些更有趣，更複雜的DEFI策略中所部署的作用。

In the days following the launch, the platform witnessed a staggering $150 million in total liquidity supplied across its lending markets and $60 million borrowed from them. These lending products—derived from Kamino's lending market structures and pathing—are clearly in demand and being embraced even stronger and faster than anticipated. It is hard to underscore how impressive this is and what a strong signal it sends when happening almost immediately post-launch.

在發布後的幾天裡，該平台見證了其貸款市場上提供的1.5億美元的總流動性，並從中藉了6000萬美元。這些貸款產品（來自Kamino的貸款市場結構和路徑）顯然是需求，並且比預期的更強大，更快。很難強調這是多麼令人印象深刻，幾乎立即發出後發生的強烈信號。

PT Lending Surges, Kamino Leads the Pack

pt貸款激增，卡米諾（Kamino）領導

Kamino's rise in the PT lending space has been especially remarkable. The platform has swiftly moved past its rivals Drift and Loopscale in PT deposits, having ended the last quarter with $28 million in deposits, to Drift's $11.7 million and Loopscale's $9 million in deposits. So, despite being the third entrant into this market niche, Kamino has already moved into the lead. This is a clear signal of not just user migration but also strong preference.

卡米諾（Kamino）在PT貸款空間中的崛起特別出色。該平台已迅速超越了其競爭對手的漂移和PT礦床的循環大規模，並以2800萬美元的存款結束了，Drift的1,170萬美元和LoopsCale的900萬美元存款。因此，儘管卡米諾（Kamino）是第三名進入這個市場的位置，但卡米諾（Kamino）已經進入了領先地位。這不僅是用戶遷移，而且是強烈偏好的明顯信號。

The driving force behind this growth is the Exponent Finance PT market, which permits users to take out loans pegged to the price of SOL against restaked tokens. Only recently assembled in the Solana ecosystem, restaked tokens are a kind of liquid collateral that can be put to work in DeFi. Exponent's market—in effect, a lending protocol—had attracted $17 million in deposits by mid-August and was making use of nearly $11 million of that in the form of loans.

這種增長背後的推動力是指數融資PT市場，該市場允許用戶將貸款與Sol的價格掛鉤，以與REST BEST BEST BEST BEST BEST BEST BEST BEAST BEAST BEAST BEAST BEAST BEAST BEAST BEAST BEAST BEAST BAINDAKENT。直到最近才在Solana生態系統中組裝出來，ReTaked代幣才是一種可以在Defi中使用的液體抵押品。 Exponent的市場（有效，是一種貸款協議）在8月中旬之前就吸引了1700萬美元的存款，並以貸款形式使用了近1100萬美元。

The high returns make the whole thing very tempting indeed. As demand for borrowing keeps going up, the annual percentage yield (APY) that you can earn as a supplier of Solana (SOL) has shot up to an astonishing 15 percent. That is obviously drawing a lot of new capital into the ecosystem, and the total amount of SOL that is being supplied to this protocol has now hit $12.2 million. That's obviously a pretty good indicator of confidence in the Solana Strategy and the overall platform infrastructure.

高回報使整個事情確實非常誘人。隨著對借貸的需求不斷上升，您可以作為Solana（Sol）供應商獲得的年度百分比收益率（APY）的幅度達到了驚人的15％。顯然，這吸引了大量新資本到生態系統中，並且該協議提供的SOL總量現已達到1,220萬美元。這顯然是對Solana策略和整體平台基礎架構的信心的一個很好的指標。

SyrupUSDC Finds Traction via Kamino

SumrupusDC通過kamino找到了牽引力

One more main reason for Kamino's rapid growth is its association with Maple Finance. Maple has just brought its SyrupUSDC product onto Solana, and Kamino is serving as its go-to-market platform. Since the launch on June 5, deposits into the SyrupUSDC market have topped $25 million. That is an incredible figure, and it means that more than half of the entire SyrupUSDC token supply on Solana is now in the Kamino platform.

卡米諾（Kamino）快速增長的另一個主要原因是它與楓樹融資（Maple Finance）的關聯。 Maple剛剛將其SumrupusDC產品帶到了Solana，Kamino是其最佳市場平台。自6月5日推出以來，進入糖漿市場的存款已超過2500萬美元。這是一個令人難以置信的數字，這意味著Solana上整個SolupusDC令牌供應中的一半以上現在位於Kamino平台中。

This market has become particularly appealing to users looking for yield opportunities using stablecoins. The platform backs a $500,000 in incentives, and offers a 6.6% APY for SyrupUSDC suppliers. For a product offering borrowing costs between 2% and 3.75%, it is hard to see how this is anything other than a profit center for yield farmers using leveraging strategies like looping and carry.

這個市場對使用Stablecoins尋求收益機會的用戶特別有吸引力。該平台支持500,000美元的激勵措施，並為糖漿供應商提供6.6％的APY。對於提供借貸成本在2％至3.75％之間的產品，很難看到這是使用利潤農民使用利用諸如循環和攜帶等策略的收益中心之外的其他方法。

Kamino's infrastructure makes it possible to have lending markets that are effectively isolated. They allow you to do these cool DeFi things without the risk that some problem on a different part of the DeFi universe is going to affect you. This is modular finance, and it's something that Kamino's users seem to be into.

Kamino的基礎設施使得擁有有效孤立的貸款市場成為可能。它們使您可以做這些很酷的defi事情，而不會冒險在defi宇宙的另一部分中某些問題會影響您。這是模塊化的融資，這是卡米諾的用戶似乎所處的東西。

1/ The launch of @KaminoFinance v2 has shown strong demand out of the gate, with over $150M supplied and $60M borrowed across a variety of new markets.

1/ @kaminofinance V2的推出已顯示出強勁的需求，供應超過1.5億美元，並在各種新市場上借了6000萬美元。

Exponent PTs: $17M depositedSyrupUSDC: $25M depositedMarinade mSOL: $44M deposited

指數PTS：1,700萬美元存款Syrupusdc：2500萬美元存款MARINADE MSOL：4400萬美元存入

And more🧵 https://t.co/qr8cqRAfEi

和更多https://t.co/qr8cqrafei

— Blockworks Research (@blockworksres) June 10, 2025

- 2025年6月10日

A New Standard for DeFi Lending on Solana

索拉納（Solana）的新標準

Kamino's rapid uptake of the v2 lending platform is a big event in Solana's DeFi world. Why exactly? Because it draws a ton of liquidity to lots of new markets.

卡米諾（Kamino）對V2貸款平台的迅速採用是索拉納（Solana）的Defi世界中的一項重大事件。為什麼到底？因為它為許多新市場帶來了大量的流動性。

Liquidity moats are beginning to dominate the PT markets and fixed-yield strategies, and Kamino is doing something quite brilliant: It is deliberately positioning itself as more than just a borrowing and lending platform. And in fact, that's happening quite naturally as the protocol finds itself at the very forefront of what's happening in Solana DeFi. Kamino serves as a launchpad for token issuers, allowing them to do all sorts of efficient market-entry tricks—most notably, large-scale, on-chain

流動性護城河開始主導PT市場和固定收益策略，而Kamino做的事情非常出色：它故意將自己定位為自己不僅僅是藉貸和借貸平台。實際上，這是自然而然地發生的，因為該協議在Solana Defi中處於最前沿。卡米諾（Kamino