Today, Kamino Finance, the largest DeFi lending protocol on Solana with over $2 billion in total value locked (TVL), officially integrated Chainlink Data Streams into its upgraded oracle system, increasing the protocol’s resiliency and reducing user risk.
Data Streams is a pull-based oracle solution that allows protocols to consume data more cost-effectively and at lower latencies while reducing the possibility of frontrunning and MEV. Data Streams leverages Chainlink’s time-tested oracle infrastructure, which has enabled over $20 trillion in transaction value, to expand DeFi’s reach and unlock advanced products like perpetual futures contracts that require lower gas fees and faster price updates.
Kamino’s new multi-price oracle architecture pulls data from multiple vetted, high-quality oracle providers, such as Chainlink, to remove single points of failure. After demonstrating “consistently strong results” on Kamino’s mainnet testing environment, Data Streams’ full integration adds a “significant measure of robustness” that reinforces user confidence in the protocol’s safety and reliability.
“As the largest lending protocol on Solana, Kamino needs the most reliable oracle infrastructure to provide strong assurances to users over asset pricing,” explained Johann Eid, Chief Business Officer at Chainlink Labs, in an official announcement.
“We’re thrilled to be working with Kamino on bolstering the security and reliability of Kamino markets through the integration of the Chainlink standard.”
To learn more about Kamino, visit their website, X, and Discord.