Kamino has launched a lending market enabling USDC loans collateralized by Backpack stock tokens, allowing token holders to access liquidity without selling their equity positions. The platform offers loan-to-value ratios of up to 40% against the collateral.
Kamino noted that equity price quotes freeze outside U.S. trading hours while interest continues to accrue on outstanding loans, introducing unique mechanics for tokenized traditional finance assets in DeFi markets.
Kamino Launches USDC Lending Market Against Backpack Stock Tokens
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