Solana Foundation President Calls on Kamino and Jupiter to End Infighting, Focus on Growing Market Share

On December 7, Solana Foundation President Lily Liu reached out to Kamino and Jupiter, noting: “Hey Kamino & Jupiter. Our total lending market is ~$5B. Ethereum’s is roughly 10x that. The collateral market in traditional finance is countless times larger. We can rib each other (e.g., jokes about ‘one-click lending position conversion’ or casual offhand comments) or choose to focus on capturing more market share across the entire crypto industry—ultimately targeting traditional finance.” Previously, BlockBeats reported that Jupiter COO Kash Dhanda addressed community concerns, clarifying the team’s earlier social media claim that Jupiter Lend’s treasury had “zero contagion risk” was inaccurate. Jupiter had previously promoted its lending treasury as an “isolated risk structure,” asserting “no cross-contamination between trading pairs, thus eliminating all contagion risk”—content that has since been removed. Last week, Solana lending platform Kamino temporarily blocked Jupiter Lend’s migration tool over worries its risk model was misleading users. Kamino’s co-founder also publicly criticized Jupiter’s risk descriptions.