Kamino Opens GPU-loan-linked sUSDai Collateral Market on Solana
Kamino opened a Solana lending market for sUSDai, the USD.AI token tied to GPU loans, and the market lets holders borrow USDC while keeping the yield-bearing asset. The launch documentation says the borrowing limit can reach 80% of collateral value, and the market is curated by Allez Labs.
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Users who hold sUSDai can now see a new borrowing route inside Kamino’s Solana market, and that is the change they would notice first. It also matters to people tracking USD.AI-linked activity on Solana, because the token now has a dedicated collateral market in Kamino’s infrastructure.
What is still open is how the market is being used in practice and how much activity it will draw. The short item from the other newsroom says only that sUSDai collateral activity is being added within Kamino’s Solana infrastructure, so the scale, timing, and user uptake are not specified.
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Has this happened before?
| When | What happened | Figure |
|---|---|---|
| 24 days ago | Coinbase adds fixed-rate bitcoin-backed loans through Morpho Midnight event | 1 actors in common · 4 news media |
| 24 days ago | Circle launches Bitcoin-backed USDC borrowing for institutional clients event | 1 actors in common · 2 news media |