Kamino Opens Solana Lending Market for Backpack Tokenized Equity Collateral

TL;DR: Kamino has launched a dedicated Backpack Market on Solana allowing eligible users to post selected Backpack Securities tokenized equities as collateral for USDC borrowing. For Solana DeFi, the new market is a concrete example of tokenization gaining a use beyond holding or trading a representation of a stock. Kamino has launched a dedicated Backpack Market on Solana allowing eligible users to post selected Backpack Securities tokenized equities as collateral for USDC borrowing. The initial group covers tokens referencing Micron, SK Hynix, SpaceX and SanDisk. The assets are represented as backed one-to-one by securities or security entitlements within Backpack’s regulated structure, while the lending terms are managed by Kamino’s market mechanism and risk curator Allez Labs.

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