TechFlow news, December 7 — Today, Solana Foundation Chair Lily Liu posted a call for lending protocols within the ecosystem to cease attacking one another and instead focus on market expansion. On social media, she directly referenced Kamino and Jupiter Lend, noting that the current size of Solana's lending market is approximately $5 billion, about one-tenth of Ethereum's market, while the traditional financial collateral market is trillions of times larger.
Liu stated: "We can attack each other (one-click loan position migrations, mocking, rude comments, etc.), or we can focus on capturing market share from the entire cryptocurrency market and even the traditional financial markets."
Previously, Solana-based lending protocols have been embroiled in controversy over risk disclosure. The co-founder of Fluid admitted that Jupiter Lend's treasury engages in re-staking and is "not fully isolated." In response, Kamino's co-founder pointed out this contradicts Jupiter's earlier claim of "no risk contagion," leading Kamino to restrict its one-click migration feature.
