Solana Lending Platform Jupiter Lend Clarifies Contagion Risk as Kamino Bans Migration Tool and Reveals Rehypothecated Assets

COINOTAG News reports that Jupiter Lend COO Kash Dhanda addressed community questions, revising a prior social claim that the treasury carried zero contagion risk. While the system is built with an isolation framework to limit cross-contamination, Dhanda acknowledged the presence of rehypothecated assets within the lending treasury, adding nuance to the platform’s risk management profile. In a Platform X video, the executive outlined the architecture and its constraints, signaling a measured stance on liquidity risk.

Separately, Kamino, a Solana-based lending platform, paused Jupiter Lend’s migration tool amid concerns the risk model could mislead users. Kamino’s co-founder publicly challenged Jupiter’s risk description, reinforcing calls for greater transparency and robust disclosures in DeFi lending. The episode underscores ongoing scrutiny of treasury structures and contagion risk across the Solana ecosystem, underscoring the need for credible risk controls by lenders and borrowers alike.