Summary

  • Kamino Finance AUTO market surpassed $170M in deposits backed by US car loans as of 21 October 2026.
  • Kamino launches fixed-rate loans and expands tokenized equity backed options on Solana.
  • Broader DeFi TVL fell below $90B with Aave TVL at $17.6B on 26 October 2026.

Kamino Finance expands loans backed by tokenized equity on Solana this October. The protocol now offers 1:1-backed redeemable tokenized U.S.-listed equities directly on its lending markets. This move adds new collateral types to products like the AUTO market.

Tokenized stock supply on Kamino Lend has grown about 15x.

Fixed-rate loans are also live on the platform now.

Context

DeFi updates keep shifting collateral options across Solana. Kamino Finance pulls lending liquidity and leverage into one suite. The new features focus on yield strategies that need stable redeemable assets.

Dashboard data from DefiLlama shows fee surges in October 2026 as these tools arrive.

Broader conditions stay tight with total DeFi TVL under $90B and outflows hitting Lido and Aave.

Details

Kamino Finance reported its AUTO market crossed $170M in deposits on 21 October 2026. The market runs on a token backed by US car loans and the figure comes from Solana Compass on-chain data. The protocol rolls out fixed-rate loans at the same time as the tokenized equity push.

Aave TVL sat at $17.6B on 26 October 2026 after dropping from $19.1B at the end of September. These moves happen while Kamino adds 1:1-backed tokenized equities and gives users more borrowing choices on Solana.

"Kamino is expanding loans backed by tokenized equity on Solana, bringing 1:1-backed, redeemable tokenized U.S.-listed equities directly to lending markets."

, Kamino Finance (kamino.com)

The updates boost analytics on DefiLlama and widen assets for Solana yield strategies.

Outlook

Users can tap the new tokenized equity loans and fixed-rate options on Kamino right away. They should watch live TVL and fee data on DefiLlama at the same time. Further updates will show how fast these features grow amid the current market pullback.