The Solana -based protocol now allows users to borrow stablescoins against XSTOCKS.
Kamino announced on Monday that he had integrated XSTOCKS on Kamino Lend – the largest loan protocol on the Solana blockchain, with a total locked value (TVL) of 2.3 billion dollars – to allow users to borrow the crypto using tokenized actions as a guarantee.
XSTOCKS, launched on June 30 by supported, are tokenized actions set 1: 1 to the real actions they represent. XSTOCKS supports more than 60 shares and funds negotiated on the stock market (ETF) so far, notably Apple (AAPP) and Tesla (TSLA). These assets, which are available on the 24/7 channel, can be used as a guarantee to borrow stabbed on Kamino, according to a press release seen by the DESIGHT.
ChainLink will serve as an official price supply supplier for Kamino XSTOCK integration. Thanks to its tailor -made Oracle XSTOCK, ChainLink will provide price updates lower than token actions.
Integration means that Kamino Lend, who deploys XSTOCKs using its V2 infrastructure, the first major decentralized finance loan protocol (DEFI) to use tokenized actions as guaranteed, representing an important step for DEFI.
“Today is a monumental step, not only for Kamino, but for a wider challenge itself,” said the press release. “Financial rails without permission are being matured and start to encompass tradfi use cases in a more efficient, accessible and transparent way.”
This launch is part of a broader trend where traditional finance (tradfi) and DEFI cross for more accessibility on the channel.
The active active people (RWAS) are increasingly brought to blockchains, allowing people to trade and borrow against them in a manner without authorization and automated, and the RWA tokenized represent one of the sectors with the fastest growth in DEFI.
According to Rwa.xyz, the total RWA value in chain is currently being more than $ 25 billion – up approximately 7% in the last month and more than 56% since January.
Kamino says that it aims to become a one -stop shop where users can exchange, lend, borrow or take advantage of any type of assets on chain.
Integration DEFI comes only a few weeks after Crypto-Monnricy Exchange Kraken has announced the launch of tokenized token stocks for non-American users via XSTOCKS. Until now, XSTOCKS has been integrated into five centralized exchanges (CEX): Bybit, Kraken, Bitget and Gate, which all allow these assets to be transferred to Solana.
