Kamino Adds sUSDai Collateral Market for USDC Loans on Solana
Edited by Steinar Vigdel Kolnes, Editor, Oslo
Kamino’s new Solana market lets sUSDai holders borrow USDC against the GPU-loan-linked token without exiting their yield-bearing position.
Kamino has introduced a lending market on Solana that accepts USD.AI’s sUSDai token as collateral for USDC borrowing, according to The Defiant.
The market allows holders to access USDC while keeping their yield-bearing sUSDai position. The token is linked to GPU loans.
Allez Labs curates the market. Kamino’s launch documentation sets a borrowing limit of up to 80% of the collateral’s value.
Source: The Defiant
