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Solana Foundation President Calls on Kamino and Jupiter to End Infighting, Focus on Growing Market Share
BlockBeats News, December 7th: Lily Liu, President of the Solana Foundation, wrote, "Hey, Kamino and Jupiter. Overall, our lending market is approximately $5 billion. Ethereum is roughly 10 times that size. The collateral market in traditional finance is countless times larger."
We can make fun of each other (such as "one-click conversion of lending positions," making fun of others' casual comments, etc.), or we can choose to focus on capturing more market share from the entire cryptocurrency industry and ultimately moving towards traditional finance."
BlockBeats previously reported that Kash Dhanda, Chief Operating Officer of Jupiter, recently responded to community concerns by stating that the team's previous claim on social media that Jupiter Lend's treasury has "zero contagion risk" was inaccurate. Jupiter had earlier promoted its lending treasury as having an "isolated risk" structure and claimed that there would be "no cross-contamination between trading pairs, thereby eliminating any contagion risk," but this content has since been removed.
Last week, the Solana lending platform Kamino temporarily blocked Jupiter Lend's migration tool due to concerns that its risk model was misleading users. Kamino's co-founder also publicly criticized Jupiter's risk description.
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