Aave vs Kamino

Aave4.0/5

VS

Kamino4.0/5

Feature	AaveVisit	KaminoVisit
Ratings
Our score	4.0/5	4.0/5
User rating	No reviews yet	No reviews yet
Security & track record	3.5	4.0
Rates	3.5	4.0
Market depth	5.0	4.5
Ease of use	3.5	4.0
Decentralization	4.5	3.5
Specs
KYC required	No	Not disclosed
Lending model	Pooled	Pooled
Chains	Ethereum, Base, Arbitrum, Avalanche, BNB Chain, Other	Solana
Main collateral assets	USDC, USDT, WETH, wBTC, LINK, wstETH, cbBTC, GHO, AAVE, ETH-correlated assets	Not disclosed
Flash loans	Yes	Not disclosed
Permissionless markets	No	Not disclosed
Audited	Yes	Yes
Bug bounty	Yes	Not disclosed
Governance token	AAVE	KMNO
Isolated markets	Yes	Not disclosed
Real-world-asset collateral	Yes	Not disclosed
Own stablecoin	Yes	Not disclosed
Rates	Variable	Variable and fixed
Company
Founded	2017	2022
Headquarters	Finland	United States
Investors	Blockchain Capital, Framework Ventures, Standard Crypto	Alliance, ParaFi Capital
Strengths and weaknesses
Pros	$18.006B combined TVL in October 2026 Operates across 23 blockchain networks Non-custodial wallet-based access V3 includes Isolation Mode and Efficiency Mode	Over $1.3B in TVL and $909M in active loans on Solana in October 2026 Processed more than $650B in cumulative volume across four years of operation Offers fixed-rate borrowing alongside variable pooled lending markets
Cons	Variable borrowing rates can rise with market utilisation Liquidation can sell collateral after health-factor deterioration Smart contract and oracle risks remain Collateral depends on external bridges and asset issuers	Operates exclusively on Solana with no native deployments on other chains Collateral is exposed to automated liquidations during high-volatility events Smart contracts carry exploit risks across multiple complex yield and vault primitives Variable borrowing rates can spike rapidly during liquidity contractions
Best for	Multi-chain DeFi borrowers, Collateralised crypto lending, Stablecoin liquidity strategies	Solana crypto asset borrowers, DeFi liquidity providers seeking automated compounding, Traders using leveraged yield loops

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