Compound vs Kamino

How Compound vs Kamino compare on our ratings, lending protocol specs, funding, pros and cons.

VS
Kamino4.0/5
Feature
Ratings
Our score4.0/54.0/5
User ratingNo reviews yetNo reviews yet
Security & track record4.54.0
Rates4.04.0
Market depth3.54.5
Ease of use4.04.0
Decentralization4.03.5
Specs
KYC required NoNot disclosed
Lending modelIsolated marketsPooled
ChainsEthereum, Arbitrum, BaseSolana
Main collateral assetsETH, WBTC, USDC, USDTNot disclosed
Flash loans NoNot disclosed
Permissionless markets NoNot disclosed
Audited Yes Yes
Bug bounty YesNot disclosed
Governance tokenCOMPKMNO
Isolated markets YesNot disclosed
Real-world-asset collateral NoNot disclosed
Own stablecoin NoNot disclosed
RatesVariableVariable and fixed
Company
Founded20172022
Headquarters—United States
InvestorsDragonfly, Polychain Capital, a16z cryptoAlliance, ParaFi Capital
Strengths and weaknesses
Pros
  • Audited by OpenZeppelin and ChainSecurity with a $1M bug bounty
  • Processed $480B in all-time deposits and borrows since 2018
  • No KYC required to supply or borrow on standard markets
  • Active on Ethereum, Base, and Arbitrum
  • 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
  • Lacks an umbrella safety module to cover protocol-wide bad debt
  • Borrow rates vary with base-asset pool utilization
  • Does not support permissionless market creation by users
  • Borrowing is restricted to only one designated base asset per pool
  • 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 forUSDC and WETH borrowers, Suppliers avoiding rehypothecation risk, Users seeking yield on supported EVM networksSolana crypto asset borrowers, DeFi liquidity providers seeking automated compounding, Traders using leveraged yield loops

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