DeFi Development enters LOI with Kamino Finance

DeFi Development (DFDV) announced an LOI with Kamino Finance. As part of the collaboration, Kamino intends to integrate dfdvSOL, an LST built by Sanctum, into its suite of capital-efficient DeFi products. The partnership will see dfdvSOL added to Kamino’s borrow/lend markets, allowing users to supply or borrow against dfdvSOL as collateral, as well as included in Kamino’s Multiply Vaults, which provide users with access to automated leveraged-yield strategies. These integrations will be designed to enhance the utility and yield potential of dfdvSOL within Solana’s expanding decentralized finance ecosystem. With Kamino recently announcing Lending V2, which brings modular lending to Solana with a powerful upgrade across UX, infrastructure, and real world asset integration, the integration is also timely.