# Risk **URL:** https://gov.kamino.finance/c/risk/7.md [Latest](https://gov.kamino.finance/latest.md) · [Categories](https://gov.kamino.finance/categories.md) · [Tags](https://gov.kamino.finance/tags.md) --- ## [About the Risk category](https://gov.kamino.finance/t/about-the-risk-category/477)
**Author:** [@DawidSnyders](https://gov.kamino.finance/u/DawidSnyders)\ **Replies:** 0
--- ## [Kamino Lend Monthly Risk Insights - September 2026](https://gov.kamino.finance/t/kamino-lend-monthly-risk-insights-september-2026/893)
**Author:** [@AllezLabs](https://gov.kamino.finance/u/AllezLabs)\ **Replies:** 0\ **Last updated:** [October 6, 2026, 10:34am UTC](https://gov.kamino.finance/t/kamino-lend-monthly-risk-insights-september-2026/893 "2026-10-06T10:34:18Z")
:pushpin: Kamino Lend grew for a second consecutive month in September, with supply up 4.4% to $2.64B and debt up 4.0% to $1.04B. Activity rose faster than balances, with transaction volume up 56% and interest paid by b… --- ## [Kamino Lend Monthly Risk Insights - August 2026](https://gov.kamino.finance/t/kamino-lend-monthly-risk-insights-august-2026/889)
**Author:** [@AllezLabs](https://gov.kamino.finance/u/AllezLabs)\ **Replies:** 0\ **Last updated:** [September 5, 2026, 5:49pm UTC](https://gov.kamino.finance/t/kamino-lend-monthly-risk-insights-august-2026/889 "2026-09-05T17:49:09Z")
:pushpin: Kamino Lend returned to growth in August after two months of contraction. Supply rose 11.7% to $2.48B and debt 7.8% to $0.98B, driven mostly by a SOL rally that revalued SOL, LST and BTC collateral. Measured t… --- ## [Kamino Lend Monthly Risk Insights - July 2026](https://gov.kamino.finance/t/kamino-lend-monthly-risk-insights-july-2026/888)
**Author:** [@AllezLabs](https://gov.kamino.finance/u/AllezLabs)\ **Replies:** 0\ **Last updated:** [August 6, 2026, 5:08pm UTC](https://gov.kamino.finance/t/kamino-lend-monthly-risk-insights-july-2026/888 "2026-08-06T17:08:58Z")
:pushpin: July was a calm month for Kamino Lend, with few liquidations and little volatility as SOL slightly dipped to recover. Supply and debt eased modestly (~3.3%), continuing June’s deleveraging at a slower pace, wh… --- ## [Kamino Lend Monthly Risk Insights - June 2026](https://gov.kamino.finance/t/kamino-lend-monthly-risk-insights-june-2026/882)
**Author:** [@AllezLabs](https://gov.kamino.finance/u/AllezLabs)\ **Replies:** 0\ **Last updated:** [July 3, 2026, 4:29pm UTC](https://gov.kamino.finance/t/kamino-lend-monthly-risk-insights-june-2026/882 "2026-07-03T16:29:19Z")
:pushpin: June was a broad contraction month driven by a falling SOL price, with the book deleveraging in an orderly way. Total supply fell -14.4% to $2.29B and total debt -13.4% to $0.94B as SOL fell through early June… --- ## [Kamino Lend Monthly Risk Insights - May 2026](https://gov.kamino.finance/t/kamino-lend-monthly-risk-insights-may-2026/880)
**Author:** [@AllezLabs](https://gov.kamino.finance/u/AllezLabs)\ **Replies:** 1\ **Last updated:** [June 20, 2026, 7:55pm UTC](https://gov.kamino.finance/t/kamino-lend-monthly-risk-insights-may-2026/880 "2026-06-20T19:55:29Z")
:pushpin: May was a strong month for the protocol, with total supply rising 10.1% to $2.68B and total debt increasing 11.4% to $1.08B. Growth was led by stablecoins, particularly the newly launched Ethena USDe/USDG mark… --- ## [Kamino Lend Monthly Risk Insights - April 2026](https://gov.kamino.finance/t/kamino-lend-monthly-risk-insights-april-2026/878)
**Author:** [@AllezLabs](https://gov.kamino.finance/u/AllezLabs)\ **Replies:** 1\ **Last updated:** [May 10, 2026, 1:45am UTC](https://gov.kamino.finance/t/kamino-lend-monthly-risk-insights-april-2026/878 "2026-05-10T01:45:44Z")
:pushpin: Kamino navigated April’s DeFi-wide stress cleanly. Two external incidents drove ecosystem-wide deleveraging this month: a UXD market price compression on April 1 (preceding the Drift exploit by ~3 hours, th… --- ## [Kamino Lend Monthly Risk Insights - March 2026](https://gov.kamino.finance/t/kamino-lend-monthly-risk-insights-march-2026/873)
**Author:** [@AllezLabs](https://gov.kamino.finance/u/AllezLabs)\ **Replies:** 0\ **Last updated:** [April 8, 2026, 1:23pm UTC](https://gov.kamino.finance/t/kamino-lend-monthly-risk-insights-march-2026/873 "2026-04-08T13:23:07Z")
1. Market Context & SOL Price March experienced price consolidation within a low volatility range. SOL opened at $85, briefly rallied to $98 mid-month (March 16), then drifted lower to close at $82. The narrowe… --- ## [Kamino Lend Monthly Risk Insights - February 2026](https://gov.kamino.finance/t/kamino-lend-monthly-risk-insights-february-2026/872)
**Author:** [@AllezLabs](https://gov.kamino.finance/u/AllezLabs)\ **Replies:** 0\ **Last updated:** [March 5, 2026, 3:08pm UTC](https://gov.kamino.finance/t/kamino-lend-monthly-risk-insights-february-2026/872 "2026-03-05T15:08:10Z")
Kamino Lend Monthly Risk Insights - February 2026 1. Market Context & SOL Price The 13.7% supply decline is primarily attributable to SOL’s 27.6% price drop, which mechanically reduced the USD value of SOL and … --- ## [Kamino Lend Monthly Risk Insights - January 2026](https://gov.kamino.finance/t/kamino-lend-monthly-risk-insights-january-2026/869)
**Author:** [@AllezLabs](https://gov.kamino.finance/u/AllezLabs)\ **Replies:** 1\ **Last updated:** [February 20, 2026, 10:24pm UTC](https://gov.kamino.finance/t/kamino-lend-monthly-risk-insights-january-2026/869 "2026-02-20T22:24:08Z")
Kamino Lend Monthly Risk Insights - January 2026 1. Market Context & SOL Price Kamino closed January with a flat supply, as RWA market inflows (Prime, Maple, OnRe) more than offset Main Market contraction, alongs… --- ## [Kamino Lend Monthly Risk Insights - December 2025](https://gov.kamino.finance/t/kamino-lend-monthly-risk-insights-december-2025/865)
**Author:** [@AllezLabs](https://gov.kamino.finance/u/AllezLabs)\ **Replies:** 0\ **Last updated:** [January 9, 2026, 5:36pm UTC](https://gov.kamino.finance/t/kamino-lend-monthly-risk-insights-december-2025/865 "2026-01-09T17:36:02Z")
:pushpin: December 2025 marked a strategic inflection point for Kamino Lend, with the launch of the Prime Market continues the shift in user behavior and risk appetite towards real world yield. Prime debuted as the s… --- ## [Kamino Lend Monthly Risk Insights - November 2025](https://gov.kamino.finance/t/kamino-lend-monthly-risk-insights-november-2025/859)
**Author:** [@AllezLabs](https://gov.kamino.finance/u/AllezLabs)\ **Replies:** 0\ **Last updated:** [December 9, 2025, 1:24pm UTC](https://gov.kamino.finance/t/kamino-lend-monthly-risk-insights-november-2025/859 "2025-12-09T13:24:03Z")
:pushpin: November marked a period of strategic recalibration for Kamino Lend users amid broader market volatility. Supply contracted to $3.6B (-19%) and debt declined to $1.3B (-18%), driven by Solana ecosystem dele… --- ## [Kamino Lend Monthly Risk Insights - September 2025](https://gov.kamino.finance/t/kamino-lend-monthly-risk-insights-september-2025/843)
**Author:** [@AllezLabs](https://gov.kamino.finance/u/AllezLabs)\ **Replies:** 3\ **Last updated:** [November 7, 2025, 4:59pm UTC](https://gov.kamino.finance/t/kamino-lend-monthly-risk-insights-september-2025/843 "2025-11-07T16:59:01Z")
September was a month of steady growth and resilience for Kamino, marked by strong inflows into stablecoins and vaults. Total supply reached $4.4B (+4.9% MoM) and TVL rose to $2.8B (+7.8%), both new highs for the protoc… --- ## [Kamino Lend Monthly Risk Insights - October 2025](https://gov.kamino.finance/t/kamino-lend-monthly-risk-insights-october-2025/853)
**Author:** [@AllezLabs](https://gov.kamino.finance/u/AllezLabs)\ **Replies:** 0\ **Last updated:** [November 7, 2025, 3:43pm UTC](https://gov.kamino.finance/t/kamino-lend-monthly-risk-insights-october-2025/853 "2025-11-07T15:43:04Z")
Kamino Lend Monthly Risk Insights - October 2025 October brought with it the largest deleveraging event in crypto’s history. On Kamino this translated into modest supply contractions and sharp, volatility-driven li… --- ## [Kamino Lend, Risk Event Analysis: 10th of October 2025](https://gov.kamino.finance/t/kamino-lend-risk-event-analysis-10th-of-october-2025/847)
**Author:** [@AllezLabs](https://gov.kamino.finance/u/AllezLabs)\ **Replies:** 0\ **Last updated:** [October 11, 2025, 8:14pm UTC](https://gov.kamino.finance/t/kamino-lend-risk-event-analysis-10th-of-october-2025/847 "2025-10-11T20:14:53Z")
:pushpin: Extreme volatility swept through crypto markets following an escalation of the US Chinese tradewar. The reaction was swift: SOL dropped 14% in under an hour, falling from $207 to $177 in a sudden sell-off amid… --- ## [Kamino Lend Monthly Risk Insights - August 2025](https://gov.kamino.finance/t/kamino-lend-monthly-risk-insights-august-2025/841)
**Author:** [@AllezLabs](https://gov.kamino.finance/u/AllezLabs)\ **Replies:** 0\ **Last updated:** [September 5, 2025, 5:57pm UTC](https://gov.kamino.finance/t/kamino-lend-monthly-risk-insights-august-2025/841 "2025-09-05T17:57:49Z")
Kamino Lend entered August with sustained momentum, reaching new protocol highs across key metrics despite softer borrowing activity. TVL rose to $2.69B (+9.8%) on the back of increased vault deposits, while transact… --- ## [Benchmarking DeFi Rates](https://gov.kamino.finance/t/benchmarking-defi-rates/835)
**Author:** [@AllezLabs](https://gov.kamino.finance/u/AllezLabs)\ **Replies:** 0\ **Last updated:** [August 21, 2025, 5:18pm UTC](https://gov.kamino.finance/t/benchmarking-defi-rates/835 "2025-08-21T17:18:20Z")
As DeFi matures, so do expectations around yield. Today’s lenders and LPs require reliable, data-driven benchmarks that provide true context for returns in a rapidly evolving market. Rooted in Allez’s DeFi Dollar fra… --- ## [Kamino Lend Monthly Risk Insights - July 2025](https://gov.kamino.finance/t/kamino-lend-monthly-risk-insights-july-2025/818)
**Author:** [@AllezLabs](https://gov.kamino.finance/u/AllezLabs)\ **Replies:** 0\ **Last updated:** [August 6, 2025, 6:36am UTC](https://gov.kamino.finance/t/kamino-lend-monthly-risk-insights-july-2025/818 "2025-08-06T06:36:28Z")
Kamino Lend Monthly Report July 2025 :pushpin: Kamino Lend continued to expand in July 2025: TVL rose at a double-digit pace as liquidation activity stayed low. This report highlights the principal growth drivers, risk … --- ## [Kamino Lend Monthly Risk Insights](https://gov.kamino.finance/t/kamino-lend-monthly-risk-insights/508)
**Author:** [@AllezLabs](https://gov.kamino.finance/u/AllezLabs)\ **Replies:** 9\ **Last updated:** [July 7, 2025, 3:00pm UTC](https://gov.kamino.finance/t/kamino-lend-monthly-risk-insights/508 "2025-07-07T15:00:32Z")
Allez Labs will be sharing deep dives into Kamino’s lending markets, risks, and trends. Follow this topic to stay up to date. Kamino Monthly Report - January 2025 Kamino experienced impressive growth in January, wit… --- ## [Kamino Lend Risk Event Analysis: midday 6th to midday 7th April 2025](https://gov.kamino.finance/t/kamino-lend-risk-event-analysis-midday-6th-to-midday-7th-april-2025/539)
**Author:** [@AllezLabs](https://gov.kamino.finance/u/AllezLabs)\ **Replies:** 0\ **Last updated:** [April 8, 2025, 1:06pm UTC](https://gov.kamino.finance/t/kamino-lend-risk-event-analysis-midday-6th-to-midday-7th-april-2025/539 "2025-04-08T13:06:24Z")
Kamino Lend Risk Event Analysis: midday 6th to midday 7th April 2025 Global markets tanked following newly imposed U.S. tariffs. This sell-off propagated to crypto markets, with SOL declining 21% in 24 hours. This trigg… --- ## [Kamino Lend Risk Event Analysis: 24 February to 2nd March 2025](https://gov.kamino.finance/t/kamino-lend-risk-event-analysis-24-february-to-2nd-march-2025/516)
**Author:** [@AllezLabs](https://gov.kamino.finance/u/AllezLabs)\ **Replies:** 0\ **Last updated:** [March 5, 2025, 12:43pm UTC](https://gov.kamino.finance/t/kamino-lend-risk-event-analysis-24-february-to-2nd-march-2025/516 "2025-03-05T12:43:10Z")
The week of February 24th saw heightened volatility in the crypto markets, marked by a sharp price drop early in the week, followed by a strong rebound on Sunday after the U.S. strategic reserve announcement. SOL fel… --- ## [Flash Analysis: 16-18th February 2025](https://gov.kamino.finance/t/flash-analysis-16-18th-february-2025/509)
**Author:** [@AllezLabs](https://gov.kamino.finance/u/AllezLabs)\ **Replies:** 0\ **Last updated:** [February 19, 2025, 6:48pm UTC](https://gov.kamino.finance/t/flash-analysis-16-18th-february-2025/509 "2025-02-19T18:48:01Z")
A wave of FUD hit the markets from 16-18th of February following the collapse of a token endorsed by Argentina’s president. This triggered a broad sell-off across crypto markets, with significant drawdowns on Solana ass… --- ## [Announcement: Removal of SOL Utilization Rate Cap in the Main Pool](https://gov.kamino.finance/t/announcement-removal-of-sol-utilization-rate-cap-in-the-main-pool/478)
**Author:** [@y2kappa](https://gov.kamino.finance/u/y2kappa)\ **Replies:** 3\ **Last updated:** [January 9, 2025, 3:45am UTC](https://gov.kamino.finance/t/announcement-removal-of-sol-utilization-rate-cap-in-the-main-pool/478 "2025-01-09T03:45:55Z")
Summary Starting Monday (6th of January 2024), we will remove (or substantially raise) the existing utilization\_rate\_cap\_pct on SOL borrows. This cap was originally put in place to keep borrow rates below a certain thre…