Kamino Lend · Solana

USDT (Main Market)

Overview

The Kamino Lend USDT pool on Solana is a single-asset lending position where suppliers earn variable interest on stablecoin deposits. The protocol generates yield by routing borrowing demand against pooled USDT liquidity and paying suppliers from the resulting interest spread. Total APY stands at 3.70%, with no additional reward component. Over the past week, the rate increased by 1.23%, while over the past month it declined by 3.28%, placing the current rate below the 30-day mean of 4.12%. TVL is $370K and shows a positive trend with no specific 7-day change data available. The primary risk here is depeg risk on the underlying stablecoin USDT, given it’s a single-asset stablecoin pool. This liquidity depth supports typical borrowing activity within the Kamino Lend protocol category.

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 3.58%; 30-day mean is 3.38%. Yields can change as TVL and incentive emissions change.

• DefiLlama yield prediction

  DefiLlama's model classifies this pool's yield as "Stable/Up" with 80% confidence based on historical patterns.

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