According to TechFlow, on December 7, Solana Foundation Chair Lily Liu called on lending protocols within the ecosystem to stop attacking each other and focus on market expansion. On social media, she directly mentioned Kamino and Jupiter Lend, pointing out that the current Solana lending market size is about $5 billion, while Ethereum’s market is ten times larger, and the traditional finance collateral market is trillions of times bigger.
Liu stated: “We can attack each other (one-click loan position transfers, mocking or rude comments, etc.), or we can focus on capturing market share from the entire crypto market and traditional finance market.”
Previously, Solana ecosystem lending protocols had become embroiled in a controversy over risk disclosure. The Fluid co-founder admitted that Jupiter Lend’s treasury engages in rehypothecation and is “not fully isolated,” while Kamino’s co-founder pointed out that this contradicts Jupiter’s earlier claims of “no risk contagion,” thus limiting the one-click migration feature.
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