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
Your product is so good that competitors feel the need to block it at the program level.
@kamino is openly ignoring open-finance principles by stopping users from leaving their platform via @jup_lend refinancing, all while preaching ‘transparency.’
Peak 5/10 multisig power, able to upgrade the program whenever they want. What’s next, blocking users individually?
At least their code includes a hall-of-fame mention to Jupiter lend, finally something superior in their codebase.
‘If you can’t win fairly, just change the rules, it’s easier.”
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