Kamino Finance

Kamino Finance receives a C+ risk grade (38/100) from Hindenrank, where lower scores indicate lower risk. Moderate risk — large shared lending pool creates contagion risk where one bad apple spoils the whole barrel Solana's second-largest lending protocol, where you can deposit crypto to earn interest, borrow, or provide automated liquidity. It manages $1.6B in deposits with $6.1M in funding. Its C grade reflects the risk that one bad token listed in the shared lending pool could contaminate all depositors, plus a past bug that allowed users to withdraw more collateral than they should have.

The key risks identified for Kamino Finance are: (1) All lending happens in one shared pool. If a single listed token gets manipulated or goes to zero, every depositor in the pool can lose money. (2) A previous code bug let users withdraw excess collateral. While patched, similar precision errors could resurface as new features are added. (3) During volatile markets, the protocol can force-close your positions even if your individual loan is healthy, because it adjusts limits system-wide

Kamino Finance scores 38/100 across eight risk dimensions: Mechanism Novelty: 5/15, Interaction Severity: 9/20, Oracle Surface: 2/10, Documentation Gaps: 2/10, Track Record: 3/15, Scale Exposure: 7/10, Regulatory Risk: 3/10, Vitality Risk: 7/10. The highest risk area is Scale Exposure at 7/10.

Among 90 rated Lending protocols on Hindenrank, Kamino Finance ranks #53 by safety (lowest risk score = safest). Its 38/100 risk score and C+ grade place it in the middle tier of Lending protocols.

Kamino Finance scores 3/15 on the Track Record risk dimension, indicating some history of security incidents or exploits. Higher scores reflect more severe or frequent incidents. Review the full risk report for details.