I'm not team @kamino, but I do use them a lot, so I'm curious since this found itself on my timeline and would like to see what the team has to say.
However, I do feel the post below is a bit disingenuous:
>fake APRS
Everyone does that, its been a staple of DeFi since late '20, and UI reflects what its being paid in. I do agree its garbage though.
>shitting on competitors
Seems someone's jimmies got rustled, everyone's free to say whatever they want to whoever they want, first amendment and all that.
>bullying smaller teams to migrate liq
This isn't bullying, its called BD, if you want exposure on the platform you have to pay something; ultimately the benefits have to outweigh the price.
>faking liquidation parameters
Idk which instance this is so can't comment, bad if true.
>charging the highest fees to their users in the whole industry across all chains
Again, bold claim, have been using them for a while now, what are the fees exactly?
>blocking users from leaving the platform
How? I've withdrawn/closed positions multiple times, bridged just fine, what?
>multisig
So is Hyperliquid, doesn't really change much?
>pushing users into negative APYs
Again not sure which instance exactly, but I've used them for a while now and have actually had negative APYs for borrowing if set up correctly.
IDK tho.
Sounds too upset or am I reading this wrong?
things I learned about kamino in 3 months:
• fake APRs with 9-month vested shitcoin
• shitting on your competitors at 1-1 meetings with investors
• bullying smaller teams to migrate liquidity from meteora to orca to get listed on kamino
• faking liquidation parameters
• charging the highest fees to their users in the whole industry across all chains
• blocking their users from leaving the platform
• calling 5/10 multisig a transparent defi protocol
• pushing users into negative APYs just to keep kamino profitable
Solana users deserve to be treated better than this
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