According to TechFlow, Kamino Finance announced the vision of Kamino Lend V2 yesterday, aiming to reshape the lending landscape on Solana through new primitives, powerful automation, and a new generation of security infrastructure.
Kamino Lend V2 is built on the V1 code and introduces two new primitives: the market layer and the vault layer.
The market layer is modularized to allow permissionless market creation;
The vault layer introduces automated single-asset lending vaults to aggregate liquidity across markets.
V2 will also introduce a new generation of liquidation engines, including oracle mechanisms and liquidation auctions to prevent “fraudulent wicks”.
Users can switch between cross-asset and single-asset lending modes. V2 also introduces dynamic LTV and interest rate premium mechanisms.
In addition, Kamino plans to launch spot leverage products, provide more cost-effective long-term leverage solutions, and introduce target leverage and stop loss/stop profit mechanisms. KaminoFinance said that Kamino Lend V2 is designed to become the base layer of Solana's on-chain finance and is expected to be launched in the fourth quarter of 2024.
