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Kamino, a decentralized finance platform built on Solana, has announced that its lending feature, Kamino Lend, has been officially verified by Osec. This verification marks Kamino’s fourth formal audit and the latest development strengthens its position as what it calls the “gold standard for safety and security in Solana DeFi”.
According to Kamino’s statement on X, the process took six months and included comprehensive testing of the platform’s key operations. Engineers reviewed the deposit, withdrawal, borrowing, and repayment functions to ensure they operated correctly under all market conditions. Osec confirmed that Kamino’s system remained stable even when put into stress experiments. It also verified that if a position starts healthy, no user action could make it unsafe.
Since its launch in September 2022, Kamino has so far recorded no security breaches, hacks, or bad debt events, building a record of operational reliability. This consistent performance strengthens user confidence in Kamino’s risk management and code transparency efforts.
The formal verification follows a similar assessment by Certora, which confirmed the accuracy of Kamino’s lending mechanisms earlier this year. Combined, both reviews validate Kamino’s technical structure and functionality, forming a two-layer protection system for its users. These checks reflect a growing focus on DeFi safety within Solana’s ecosystem.
In its statement, Kamino described the Osec certification as a major leap for DeFi reliability. The company stated, “Verification was completed after six months of collaboration, ensuring our lending system operates safely and correctly.” This milestone further establishes Kamino as a leading example of secure decentralized lending.
The verification process also strengthens trust in decentralized financial applications by showing that advanced mathematics can confirm that smart contracts behave as designed. By ensuring code reliability, formal verification creates a safer environment for both developers and investors.
Such steps hold wider implications for fintech firms experimenting with crypto payroll systems. By adopting Kamino’s approach, regular audits, open-source coding, and mathematical verification, new projects can secure their systems and build user trust. Could this model define the next era of fintech security?
To further strengthen protocol safety, Kamino launched a $1.5 million bug bounty with Immunefi on October 6. The program invites global security researchers to identify vulnerabilities in Kamino’s smart contracts. Rewards can reach 10% of affected funds, with top payouts hitting $1.5 million for critical discoveries.
Before partnering with Immunefi, Kamino ran self-hosted bounties for three years, allowing its internal team to test vulnerabilities. The new collaboration now opens Kamino’s systems to one of the largest global security researcher networks, expanding its protection scope.
The platform has already completed 18 audits and maintains publicly accessible code for anyone to review. Kamino stated, “Through this partnership, Kamino’s contracts are tested by the largest network of security researchers in the industry.” This transparent approach demonstrates a proactive stance on system protection and long-term sustainability.
With the development of decentralized finance, the multilayered security model proposed by Kamino (verification, audits, and bounties) offers a realistic standard of responsible development of DeFi within the Solana ecosystem. Kamino is still a leading example of safety, transparency, and reliability in the decentralized finance industry. Its design offers a powerful framework for fintech startups that want to find safe blockchain-based solutions.
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