Kamino sparks controversy by blocking users from refinancing through Jupiter Lend

ChainCatcher news, according to The Defiant, Solana lending protocol Kamino has faced criticism for blocking users from transferring loans via Jupiter Lend's refinancing tool. Kamino manually blacklisted the on-chain address of Jupiter Lend's newly launched Refinance tool, preventing users from closing positions through this address.

Kash Dhanda, a core contributor of Jupiter, expressed dissatisfaction about this on X. Samyak Jain, co-founder of DeFi liquidity protocol Fluid, pointed out that Kamino directly added a checking mechanism to lock users, preventing them from moving to platforms with higher yields.

According to DefiLlama data, the total value locked (TVL) in the Solana lending market is about $3.7 billion, with Kamino accounting for over 60% of the market share. However, its TVL has dropped from $3.71 billion at the beginning of October to the current $2.33 billion, a decrease of nearly 30% in two months. As of press time, neither party has made a public response regarding this matter.