Kamino: The main market will remove the SOL utilization cap, bringing more SOL inflows to the protocol

Solana Ecosystem DeFi Protocol Kamino announced on X that its main market will remove the SOL Utilization Cap, which will introduce a free market environment for SOL supply and lending to find a natural balance and ultimately bring more SOL inflows to the protocol. With about 3.3 million SOLs supplied to Kamino, the protocol plays a key role in the Solana economy. Kamino's SOL growth is mainly driven by the Multiply product, through which more than $600 million of SOL has been borrowed at the time of writing. However, in order to create a predictable lending environment for SOL Multiply users, Kamino introduced a utilization cap that limits lending above a certain utilization rate, thereby preventing SOL lending APY from exceeding LST staking APY.