🚨 A new integration boosts privacy and liquidity between NEAR and Kamino
Kamino Finance, in collaboration with NEAR Protocol and Gauntlet, announced the launch of the Confidential SOL Yield feature via near.com.
💡 What’s the idea?
The feature allows users to earn yield on SOL in vaults managed by Gauntlet without revealing their wallet addresses, ensuring complete financial privacy.
📈 Impact on cryptocurrencies:
1️⃣ NEAR:
Bullish: NEAR’s transformation into a hub for providing privacy and liquidity services to other chains, such as Solana, boosts its value and transaction volume.
Increase in TVL: The partnership directly contributes to increasing total value locked (TVL) and attracting new liquidity to the NEAR ecosystem.
2️⃣ KMNO (Kamino):
Bullish: Expanding beyond Solana and reaching NEAR users increases the use of the Kamino protocol and its revenue.
Adoption growth: Offering innovative solutions such as “privacy in yield,” in collaboration with prominent names like Gauntlet, boosts Kamino’s market value and standing in DeFi.
$NEAR $KMNO