Zhing Tweets

I do Technical support stuffs at @Kamino || Community management @wefi_official (former)

[Felipe Montealegre @TheiaResearch]

Michael is an absolute beast - a seasoned, effective, hungry and ruthless visionary.

He built an online marketplace for yield before you bought your first CryptoKitty.

Now he has the tools to take the idea to its logical conclusion: the Internet Financial System of yield.

[David @EffortCapital]

Arguably the most bullish hire in DeFi history.

Congrats @WeiszM and the Kamino team!

[Lily Liu @calilyliu]

Michael is a tremendous talent we are lucky to have in the Solana ecosystem.

Have been a fan of Kamino for years and I am excited to work with Kamino in their new phase of growth

[Kamino @kamino]

JUST IN: Michael Weisz joins Kamino as CEO to lead the company’s next phase of institutional expansion in the U.S.

https://t.co/e1vMywMicm

[John @johnfromtheia]

@WeiszM may be the most successful and experienced operator in this industry. Rarely do you have the opportunity to back an entrepreneur and business leader of his caliber at an early stage. Joining forces with @y2kappa, Thomas, and the Kamino platform supercharges a company that has a unique opportunity to reshape finance.

[Tushar Jain @tushar_jain]

I'm excited to see Michael joining Kamino to help DeFi grow to the next level. The next phase of tokenization is about making tokenized real world assets more useful, liquid, and composable. I'm confident in the Kamino team's ability to execute against this vision.

[gum @gumsays]

BREAKING: Kamino just appointed a Wall Street legend as CEO

@WeiszM is extremely bullish on tokenization

We can expect a major push for bringing private markets onchain and Kamino leading the way forward

They are playing a decade long game and that's why they'll win

[Kyle Samani @KyleSamani]

Welcome to the Kamino team, @WeiszM!

[SolanaFloor @SolanaFloor]

🚨JUST IN: Solana's leading lending protocol @kamino has appointed Yieldstreet co-founder @WeiszM as CEO to lead its institutional growth and US expansion.

Michael Weisz helped build Yieldstreet, where over $6 billion was invested across private markets.

[Solar ☀️ @DefiSolar]

this is a new era for @kamino

Michael Weisz spent the last decade bringing private market investments to individual investors at scale.

now he’s joining @kamino to help build the infrastructure that will support the next wave of assets moving onchain.

tokenization alone is not enough tho.

those assets still need distribution, liquidity, credit and the infrastructure connecting asset managers, financial platforms and capital providers.

@kamino is already building that infrastructure, with credit and liquidity at the core and the institutional layer expanding around it.

opening our US headquarters in New York puts us at the center of where the capital, institutions and distribution already sit, and closer to the firms we want to bring onchain.

future is bright.

[Marius | Kamino @y2kappa]

Michael Jordan just joined Chicago Bulls.

This is the most transformational event in Kamino’s history.

Extremely excited to double down on our vision and work 10x harder to make the next 13 seasons legendary.

[Michael Weisz @WeiszM]

Excited to share that I’ve joined Kamino as CEO.

There's a generational moment happening across financial services and capital markets - infrastructure is shifting on-chain, ushering in a new era of access, distribution and liquidity for every kind of asset. Kamino is positioned to be a core player in that future, and I'm honored to lead our next chapter.

Tokenization worked. But what’s missing is what comes after you put an asset on-chain. That requires liquidity, credit, distribution and infrastructure.

Kamino has spent four years building that foundation.

Thanks to everyone who has been part of this journey @kamino, @y2kappa, @solanaguvnor, @KyleSamani, @solana, @calilyliu, @mcagney, and so many others who’ve had a hand in my joining Kamino.

Below is my thesis on the future of finance.

[Kamino @kamino]

We are thrilled to announce Michael Weisz (@WeiszM) as the new CEO of Kamino

After more than a two decades in fintech & private markets, Michael joins Kamino to lead us into our next chapter of institutional growth, and expand Kamino to the US market

A letter from Michael below

[Kamino @kamino]

Millions of Kraken users can now earn yield on tokenized stocks.

Powered by Kamino credit markets on Solana.

[Veda @veda_labs]

Today, @KrakenFX and Veda expand Earn to tokenized stocks.

→ strategy @sentora
→ tokenized stocks @xstocksfi
→ wallet @privy_io
→ on @solana
→ yield @kamino
→ interop @chainlink

Kraken is the world’s first platform to offer yield on tokenized stocks, starting with SPYx, QQQx, and NVDAx.

[Solana @solana]

.@krakenfx clients can now earn yield on tokenized stocks.

SPYx, QQQx and NVDAx are deposited into @veda_labs vaults and receive rewards back in the same asset, with the yield generated on Solana through @kamino.

[Kamino @kamino]

Introducing xStocks Vaults on @krakenfx, powered by Kamino, @veda_labs, and @SentoraHQ.

Holders can now deposit their xStocks into vaults on Kraken and earn yield denominated directly in that asset, growing their exposure over time.

Now live for SPYx, QQQx, and NVDAx, powered by @chainlink CCIP & Data Streams.

[Zhing Tweets @isthatZhing]

@GreatmenArs Just saying, Nwaneri won't do anything for our attack at this moment -- I'm all for getting a top LW but there wasn't any available that we can pay for (Barcola is honestly the same level as Martinelli if not lesser, given that Martinelli did alot defensively)

[Bartega | Kamino @xBartega]

i'm not sure people fully appreciate what onchain stocks and gold unlocked for ordinary people

two of the most important asset classes were until now entirely cumbersome, with brokers, fees, and geographical limitations

obtaining credit against holdings difficult for indivduals, meaning forced sales to unlock liquidity - with more fees

now, kamino's isolated markets like the @xStocksFi market, and the @Paxos paxg market allow you lend, borrow, and loop the most performant assets of the last 60+ years

no barriers to entry, no fees on exit, no middlemen - this is what has been unlocked for the next generation of investors

[Marius | Kamino @y2kappa]

When designing a fixed rates product for on chain finance, two initial questions you need to ask are:

1. Why none of the existing fixed rates product currently work?

2. Inversely: what makes floating rate work?

The answers are:

* Lenders do not want the extra decision complexity or management overhead - which is the same reason why one-click earn programs will remain popular

* Lenders want immediate liquidity aka no or little duration - they don’t want to be trapped for 6 months - which is why the pooled utilisation model works - the unutilised funds are immediate exit liquidity

—

What solves this duration / liquidity / management complexity is the simple interface of a vault for the lenders.

Curators will absorb all the fixed rates decisions and mix durations to give as much of the instant liquidity experience of open-term lending.

And they should get paid for it.

—

(some of the existing models are outright flawed with no liquidation mechanism or 1d long fixed term, that are not even worth discussing - this is obviously a complex product so no wonder nobody got it right yet and many had such bad takes on it)