Jupiter Lend vs Kamino Finance: Quick Compare (2026)
Jupiter Lend is a lending platform rated 9/10 with $1.02B TVL, best for Jupiter users who also want to lend. Kamino Finance is a lending platform rated 9.2/10 with $2.19B TVL, best for Lending, LST collateral, leveraged staking.
Need a deeper breakdown? Use editorial comparison pages and full platform reviews before you decide.
Head-to-Head Comparison
| Feature | Jupiter Lend | Kamino Finance |
|---|---|---|
| Rating | 9/10 | 9.2/10 |
| TVL | $1.02B | $2.19B |
| APY | 3-8% on USDC | 15–30% |
| Best for | Jupiter users who also want to lend | Lending, LST collateral, leveraged staking |
| Not best for | Not ideal for users seeking the highest lending yields — Jupiter Lend's rates are competitive but typically 0.5-1% lower than Kamino on major assets. Users with large positions should compare rates across Kamino, Save, and MarginFi. | Not ideal for users who want simple, passive staking — Kamino's Multiply and leveraged strategies carry liquidation risk. Users who don't monitor positions actively can lose capital during rapid SOL price drops. |
| Founded | 2024 | 2022 |
Fees Comparison
Jupiter Lend Fees
| Fee | Value |
|---|---|
| Lending spread | ~0.5% |
| Deposit/withdrawal fee | None |
| Liquidation penalty | 5% |
Kamino Finance Fees
| Fee | Value |
|---|---|
| Lending spread | ~0.5-1% |
| Multiply fee | 0.1% |
| Vault management fee | 10% of yields |
| Withdrawal fee | None |
Pros & Cons
Jupiter Lend
Pros
- $1B+ TVL — second largest Solana lending protocol
- Integrated in Jupiter app — no extra wallet connect
Cons
- Fewer advanced features than Kamino
Kamino Finance
Pros
- #1 Solana lending protocol by TVL ($2.19B)
- Multiply: leverage JitoSOL/mSOL up to 3x
- Auto-managed CLMM vaults with auto-compounding
Cons
- Complex product surface area
- Multiply positions carry liquidation risk
When to Choose Jupiter Lend
Best for: Jupiter users who also want to lend
Honest limitation: Jupiter Lend launched more recently than Kamino or Save, with a shorter track record. While backed by the Jupiter team's reputation, the lending smart contracts have less time-in-production than competitors.
When to Choose Kamino Finance
Best for: Lending, LST collateral, leveraged staking
Honest limitation: Kamino's $2.19B TVL makes it systemically important to Solana DeFi, which means a Kamino exploit would have cascading effects. The Multiply product uses leveraged positions that amplify both gains and losses.