VelVet

Stop dreaming & keep Building | @allezlabs | Former avocado farmer

[Tokens on Solana @tokens]

INSIGHT: Solana-based @kamino now leads in major RWA lending protocols by deposits, ahead of both Aave and Morpho.

[Allez Labs @AllezLabs]

The Allez USX Lending Vault is now live on @Kamino!

Deposit USX to lend against @SolsticeFi collateral & @ExponentFinance PTs.

Earn extra USX rewards.

[Allez Labs @AllezLabs]

The @SolsticeFi Yield Looping Vault strategy is unfolding with new allocation to PT-eUSX at 5.30% APY.

Boosted by extra USX rewards.

Capacity is currently available, enjoy while it lasts.

[Allez Labs @AllezLabs]

Monthly @VenusProtocol Core Pool Insights - May 2026

Through May, supply and debt both eased on Venus. While $BNB rallied 15%, $BTC and $ETH fell, causing leverage to unwind, even so - liquidations stayed minimal at $447K.

👇

[Allez Labs @AllezLabs]

The @SolsticeFi Yield Looping Vault crossed $1M on @ExponentFinance.

A cap increase is coming this week. Turn alerts on if you're looking for capacity.

[Kamino @kamino]

The Solstice Yield Looping Vault is now live on @ExponentFinance.

USX and eUSX PT looping in the Solstice Market, curated by @allezlabs, purpose-built for USX and eUSX PT positions on Kamino.

The vault actively manages rollovers and rate exposure across maturities, combining token and PT positions with conservative yield leverage with up to $15K in USX rewards.

[Allez Labs @AllezLabs]

The Solstice Yield Looping Vault is now live on @ExponentFinance.

Curated by Allez Labs, the vault gives depositors single-click exposure to @SolsticeFi yield from one USX deposit.

Non-custodial. Curated. 👇

[Allez Labs @AllezLabs]

Monthly @kamino Lend Insights - May 2026

The headline: the new @ethena USDe/USDG market launched mid month surpassed $400M in days to become Kamino's second-largest market.

Protocol supply rose 10.1% to $2.68B.

👇

[Allez Labs @AllezLabs]

The Allez USDC vault is lending to the @kamino STRCx Market.

As curators, we allocate liquidity to the best risk/reward opportunities, with a risk first approach.

11.5% yield backed by @Strategy's treasury, @chainlink secured.

[VelVet @__finality__]

@Zyfai_ Who is running the relayers then? Because it seems that they are taking a risk in pre-fronting the funds on the destination chain, i.e. if a malicious intent is somehow sent.
Are there any security measures to avoid this situation ?

[Allez Labs @AllezLabs]

Two external stresses shaped April:

The April 1-2 UXD depeg triggered @Kamino's liquidation infrastructure.

Then, the @DriftProtocol incident had no direct contagion to @Kamino but it triggered liquidity reshuffling and elevated utilization for several days.

[Allez Labs @AllezLabs]

Monthly @Kamino Lend Insights - April 2026

Kamino navigated April’s DeFi-wide stress cleanly amid two major external incidents.

Risk metrics improved sharply while total supply contracted -17% to $2.4B as users repositioned conservatively.

👇 A thread

[VelVet @__finality__]

@koshmoney TestFlight

[deebeez @deeberiroz]

💀💀💀

[Allez Labs @AllezLabs]

Update on this weekend's events:

@kamino has no direct exposure to the Kelp DAO incident. As a precautionary measure assets related to @LayerZero_Core have been derisked early in the incident timeline on Saturday.

Second order effects are rippling through DeFi, high rates, liquidity crunch. Kamino markets and vaults continue to operate normally.

For paused LZ assets, normal operations will resume once a complete assessment of the origins and reproducibility of the incident have been determined

For loopers: utilization is high, which means rates are high. If you're leveraged, check your positions.

[Allez Labs @AllezLabs]

$9.9B in March (+52%) across 136K transactions on @kamino:

→ Deposits: $4.21B (43%)
→ Withdrawals: $4.12B (42%)
→ Borrows: $0.80B (8%)
→ Repays: $0.72B (7%)

Balanced flows signal healthy rotation. RWAs captured most of the action:

[Allez Labs @AllezLabs]

March saw liquidity rebalanced across @kamino Markets. RWA markets captured the flow:

Growing:
→ @maplefinance: $407M (+55.5%)
→ @HastraFi Prime: $626M (+8.9%)
→ @onrefinance: $106M (+48.9%)
→ @xStocksFi: $25M (+99.2%)
→ @humafinance: $24M (+80.4%)

[Aristo @aristomarinetti]

"Never trust a thought that occurs to you indoors."

— Friedrich Nietzsche

[Allez Labs @AllezLabs]

February volatility cleared 70K liquidations and $26M in collateral on @kamino. Wiping out fragile positions.

March saw minimal stress as SOL ranged $79-$98:
→ 551 events (-99%)
→ $0.61M seized (-98%)
→ Avg size: $1,104 (+201%)

[Chris Bakke @ChrisJBakke]

Running a company:

2020: can you survive a pandemic?

2021: still here? we’re going to give all of your competitors $100m series A rounds.

2022: wow, you made it? okay, all engineers cost $600,000/year now.

2023: nice job! okay, SVB failed and we’re going to take away your bank account.

2024: a survivor I see. but can you pivot from ai to crypto to defense tech back to ai-enabled defense tech in a 12 month period to stay relevant?

2025: unfortunately all of your competitors have raised $2b series B rounds. oh and only 500 engineers are relevant and they cost $100m/yr each.

2026: well, well, well. you’re still in business? let’s deploy the thunderclap of godlike LLMs from the heavens so all of your customers can rebuild your app in 2 hours. can you survive?