Kamino Lend · Solana

USDG (Main Market)

Overview

The Kamino Lend USDG pool on Solana is a single-asset stablecoin lending position where suppliers earn variable interest on USDG deposits. The protocol generates yield by matching borrowing demand against pooled liquidity and distributing the resulting interest to lenders.

Total APY stands at 5.15%, with no additional reward component. Over the past week, the rate has declined by 0.38% and over the last month it has dropped by 1.11%, placing the current yield below the 30-day mean of 6.16%.

TVL is $3.23M; there is no reported change in TVL over the past week. The primary risk here is depeg risk on the underlying stablecoin, as this pool focuses solely on USDG deposits. This single-asset focus ensures deep liquidity for lenders but exposes them to potential fluctuations in the stablecoin's peg.

Composed 2026-05-20 from the structured data above. See methodology for the full pipeline.

Risk profile

• Smart contract risk

  Funds are deposited into a smart contract. A bug or exploit in the contract could lead to total loss. Audits reduce, but do not eliminate, this risk. Check the protocol page for audit history.

• Depeg risk

  The pool is built on stablecoins. A depeg of any underlying asset would impact returns and principal.

• Yield variability

  Current APY is 5.68%; 30-day mean is 5.67%. Yields can change as TVL and incentive emissions change.

• DefiLlama yield prediction

  DefiLlama's model classifies this pool's yield as "Down" with 56% confidence based on historical patterns.

These notes are derived from the pool's structured data, not editorial advice. See our methodology.