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Kamino
Lending markets
Value held$25.9M
Share of DeFi10.8%
Tokens10
Explained100.0%
Issuers
xStocks
Chains
Solana
Solana lending market where holders post stock tokens as collateral and borrow stablecoins. Every position we find is an xStocks token, led by SPYx, MSTRx, QQQx and NVDAx: about $25.9M, against DefiLlama's $25.8M. In July 2026 it held 82.6% of Solana's tokenized-stock lending.
- What it does
- Lending: stock tokens as collateral, stablecoins borrowed (Kamino Lend program KLend2g3)
- Tokens it uses
- xStocks only in our data (SPYx, MSTRx, QQQx, NVDAx, GOOGLx, TSLAx and 4 more)
- Markets
- xStocks Market (13 reserves), Sentora xStocks Market, STRCx Market, Superstate Opening Bell
- KYC
- None for xStocks; Galaxy GLXY borrowing (ex-US) is open to allowlisted wallets only
- Prices
- Chainlink Data Streams, held to a band around the last close while markets are shut
- Live since
- 14 July 2025, with 8 xStocks
- Market share
- 82.6% of $23.1M Solana tokenized-stock lending (18 Jul 2026); peak about $53M late July
- How we find it
- Reserve accounts are owned by program addresses; recent transactions tie them to Kamino
- Fixed on 2026-10-04
- Those owners were stored as wallets, so Kamino showed $0 until the fix
- Chain
- Solana
- Addresses
- 14 of its contracts or accounts hold tokenized stocks
- History
- Positions read on one day only so far (a chain with no past to read, or contracts labelled only now)
Sources
- gov.kamino.finance/792
- xstocks.fi/how-kamino-turned-xstocks-into-a-lending-market
- solanacompass.com/solana-tokenized-stock-lending-tvl-reaches-231m-kamino-finance-controls-826-of-venue-share
- cryptobriefing.com/kamino-lend-tokenized-stocks-solana
- api.kamino.finance/kamino-market
- sg.finance.yahoo.com/solana-attracts-tokenized-equities-galaxy-172519525.html
- Sumcap research (9)
Its positions
 SPYx | 2 | 8.4% | $6.13M23.7% | n/a | ||
 MSTRx | 1 | 5.4% | $4.19M16.2% | n/a | ||
 QQQx | 3 | 5.4% | $3.41M13.2% | n/a | ||
 NVDAx | 2 | 4.3% | $3.28M12.7% | n/a | ||
 GOOGLx | 1 | 5.9% | $3.25M12.6% | n/a | ||
 TSLAx | 1 | 3.3% | $2.79M10.8% | n/a | ||
 CRCLx | 1 | 1.5% | $1.01M3.9% | n/a | ||
 STRCx | 1 | 1.4% | $709k2.7% | n/a | ||
 HOODx | 1 | 1.0% | $650k2.5% | n/a | ||
 AAPLx | 1 | 0.9% | $448k1.7% | n/a |
1 to 10 of 10 tokens
Stock reserves
| SPYx | xStocks Market | collateral+borrowable | 73% | 75% | $4.37M | 28% | 2,278 | 650 | $1.88M, USDC, QQQx | $6.22k | $167k | 4.43% |
| MSTRx | xStocks Market | collateral | 30% | 40% | $3.97M | 29% | 799 | 236 | $1.14M, USDC, QQQx | $0 | $31.3k | 5.78% |
| GOOGLx | xStocks Market | collateral | 60% | 70% | $3.5M | 83% | 1,107 | 249 | $2.03M, USDC, QQQx | $200k | $858k | 5.78% |
| QQQx | xStocks Market | collateral+borrowable | 70% | 72% | $2.99M | 25% | 965 | 306 | $1.38M, USDC, SPYx | $2.17k | $40k | 5.93% |
| TSLAx | xStocks Market | collateral+borrowable | 55% | 65% | $2.86M | 38% | 1,720 | 473 | $1.53M, USDC, QQQx | $0 | $102k | 5.79% |
| NVDAx | xStocks Market | collateral+borrowable | 55% | 65% | $2.45M | 59% | 1,510 | 339 | $1.28M, USDC, SPYx | $760 | $21.7k | 5.79% |
| SPYx | Sentora xStocks Market | collateral | 72% | 79% | $1.98M | 8% | 21 | 20 | $1.38M, PYUSD | $52.7k | $1.04M | 1.01% |
| CRCLx | xStocks Market | collateral | 30% | 40% | $956k | 24% | 362 | 124 | $1.10M, USDC, SPYx | $2 | $133k | 5.78% |
| STRCx | STRCx Market | collateral | 50% | 65% | $660k | 30% | 317 | 133 | $0.11M, USDC | $0 | $0 | 0.02% |
| HOODx | xStocks Market | collateral | 30% | 40% | $588k | 46% | 196 | 95 | $0.57M, USDC, SPYx | $27 | $12.1k | 5.78% |
| QQQx | Sentora xStocks Market | collateral | 70% | 78% | $537k | 2% | 9 | 8 | $0.47M, PYUSD | $0 | $535k | 1.01% |
| NVDAx | Sentora xStocks Market | collateral | 62% | 73% | $472k | 2% | 10 | 10 | $0.43M, PYUSD | $65 | $35.2k | 1.01% |
| AAPLx | xStocks Market | collateral | 40% | 50% | $464k | 68% | 287 | 130 | $0.91M, USDC, SPYx | $0 | $85.6k | 5.78% |
| SPYx | Kurate xStocks EUR Market | collateral | 70% | 75% | $115 | <1% | 3 | 3 | $0.00M, EURC, EUROP | $0 | $0 | 10.52% |
 GLXY | Superstate Opening Bell Market | collateral | 30% | 45% | $34 | 0% | 3 | 0 | n/a | $0 | $0 | 0.02% |
 METAx | xStocks Market | collateral | 35% | 45% | $1 | n/a | 0 | 0 | n/a | $0 | $0 | 5.78% |
| QQQx | Kurate xStocks EUR Market | collateral | 70% | 75% | $1 | 0% | 0 | 0 | n/a | $0 | $0 | 10.52% |
1 to 17 of 17 rows