Kamino Launches Two New Lending Markets on Solana: GPU Collateral and British Pound
Kamino opened two new lending markets on Solana this week: a GPU-loan-linked sUSDai market curated by Allez Labs, and a tGBP sterling stablecoin market curated by Steakhouse Financial. The moves expand Kamino's lending protocol beyond dollar-denominated collateral into alternative assets and non-USD currencies.
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GPU Collateral Market and sUSDai
Kamino opened a new lending market for sUSDai, a collateral asset linked to GPU loans, with Allez Labs serving as the market curator. The market permits borrowers to take USDC loans at up to 80% loan-to-value, with liquidations triggered at 85% LTV. The structure allows holders of GPU-linked financial instruments to use that exposure as backing for stablecoin borrowing on Solana.
Sterling Stablecoin Market Adds Non-Dollar Credit
Kamino also launched a lending market for tGBP, a British pound stablecoin issued by BCP Technologies, with Steakhouse Financial as curator. Users can supply tGBP directly or borrow it against multiple collateral types including USDC, cbBTC, and JitoSOL. The market creates sterling-denominated credit primitives on Solana, addressing the dominance of dollar-denominated stablecoins in decentralized lending.
Strategic Expansion Beyond Dollar Markets
Together, the two launches signal Kamino's strategy to diversify its lending offerings beyond USD collateral and borrowing pairs. The GPU-linked market taps alternative yield-generating assets gaining traction among Solana users, while the tGBP market targets borrowers and depositors seeking exposure to sterling credit without leaving the Solana ecosystem.
Why It Matters
For Traders
New collateral options expand borrowing capacity on Solana; GPU holders and sterling-seeking borrowers now have direct on-chain credit access.
For Investors
Kamino's product diversification into non-USD and alternative-asset lending reduces dependence on USD stablecoin liquidity and signals competitive positioning in multi-collateral DeFi.
For Builders
These markets validate demand for cross-currency and alternative-collateral lending; protocols can reference Kamino's curator model and LTV parameters when designing similar offerings.
This article is for information only and is not financial advice. Read the full disclaimer.
