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Crypto Almanac Daily
K
Lending

Kamino Lend

Best for audited protocol with published methodology

Total value locked:$1,044m at this checkChains:1Audits recorded:2Audit report linked:YesRubric:v2.0 · verified 9 Aug 2026
Kayla PetersonKayla PetersonDeFi Research Analyst· Last verified August 9, 2026
Confidence ARubric v2.0Verified August 9, 2026
9.6
out of 10
Open account
Scorecard

How it rates

Counterparty & contract risk · 40%10.0
Cost transparency · 15%9.0
Market quality · 15%8.0
Transparency & track record · 20%10.0
Public documentation surface · 10%10.0
Pros
  • Audit report linked from a public dataset
  • Accounting methodology published
  • TVL of $1,044m recorded independently
Cons
  • Single-chain deployment
How this score was built

Each indicator scores 2, 1 or 0. A pillar is the points earned over the points available; the overall score is the weighted sum. Every source below is public — check any of them yourself.

Counterparty & contract risk · 40% weight10/10 points · 10.0/10
Cost transparency · 15% weight9/10 points · 9.0/10
  • Met
    Application reachable without an account

    Reachable without an account at this check.

    kamino.com/
  • Met
    Protocol economics published independently

    TVL and change history published.

    defillama.com/protocol/kamino-lend
  • Met
    Accounting methodology published

    Methodology published.

    defillama.com/protocol/kamino-lend
  • Partial
    Fee or reward model documented publicly

    Application reachable for review; specific rates not captured at this check.

    kamino.com/
  • Met
    No account required to reach the application

    Reachable without an account at this check.

    kamino.com/
Market quality · 15% weight8/10 points · 8.0/10
Transparency & track record · 20% weight10/10 points · 10.0/10
Public documentation surface · 10% weight10/10 points · 10.0/10

Solana's largest lending market, holding $1.04bn with published audit reports and market-level risk isolation.

Our assessment

Kamino Lend is the largest lending market on Solana at $1.04bn, with two recorded audits and reports linked. On a chain where several major DeFi protocols publish no audit report at all, that evidence is what separates it.

Depth matters most during liquidations

A lending market only works if liquidators can sell seized collateral fast enough to cover the debt. On a thin market in a fast decline, they cannot, and the shortfall becomes bad debt shared by lenders. Being the deepest venue on its chain is therefore a safety property rather than a vanity metric — liquidations clear where liquidity exists.

Solana's speed cuts both ways

Fast blocks mean liquidations execute promptly, which is good. They also mean price moves and cascades happen faster than a human can react, and any protocol pause or oracle lag is exposed within seconds rather than minutes. Lending on a fast chain requires the liquidation engine to be right, because there is no time to intervene.

Published audits in a category that often lacks them

Two audits with retrievable reports, alongside documented risk parameters, is the strongest evidence available before deployment. Combined with the depth, it is why this scores at the top of the Solana protocols in our comparison.

Who it suits

Kamino fits Solana users lending or borrowing who want the deepest market and published review. Users wanting the most battle-tested lending code overall should use Aave or Compound on Ethereum.

Alternatives

How rivals compare

ServiceScoreBest for
Compound V39.9audited protocol with published methodologyRead →
Aave V39.9audited protocol with published methodologyRead →
Euler V29.6audited protocol with published methodologyRead →
Fluid Lending9.6audited protocol with published methodologyRead →
Reference

Frequently asked

Does this score mean Kamino Lend is safe?

No. It measures what an outsider can verify: linked audits, published methodology and independently recorded market data. Contract risk is not tested by us.

Where do the TVL and audit figures come from?

A public analytics dataset queried at the verification date, plus the audit reports it links. Both are re-runnable by anyone.

Why do some protocols score zero on audits?

Because no audit report is linked in the public record. The indicator records what a user can reach, not a claim that no audit exists.