Kamino Finance, a decentralized finance (DeFi) protocol built on the Solana blockchain, has reached a total value locked (TVL) of over $950 million, consolidating its position as a key player in the ecosystem. The platform integrates lending, liquidity provisioning and leverage into a single, unified user experience.

The protocol is designed to simplify DeFi for users by offering automated vaults that manage complex liquidity strategies. This approach to capital efficiency and risk management has attracted significant user deposits and activity.

Kamino's product suite includes Kamino Lend, a lending platform, and "Multiply" vaults, which allow users to implement leveraged strategies with minimized liquidation risk. For example, users can deposit SOL or LSTs like jitoSOL to gain leveraged exposure to a variety of assets.

The platform is also expanding into institutional finance, with the introduction of real-world asset (RWA) yields through partnerships. This signals a broader trend of traditional financial products being integrated into DeFi protocols to provide sustainable and diversified yield sources.