Solana-based lending protocol Kamino is drawing criticism after preventing users from refinancing their positions through Jupiter Lend.
The update, first flagged by Blockflow Labs founder Pradyuman Verma, blocks refinancing by blacklisting Jupiter Lend’s on-chain address for its recently launched Refinance tool, preventing users from unwinding positions through that address.
In an X post on Tuesday, Dec. 2, Verma called the change “openly ignoring open-finance principles,” adding that Kamino is “essentially pushing users into negative APYs just to keep Kamino profitable.”
To continue reading this as well as other DeFi and Web3 news, visit us at thedefiant.io
