Kamino Introduces Whitelisted Reserves for Lending Vault Security

The feature applies smart contract (self-executing blockchain code)-level restrictions so lending vault funds can only be deployed to verified reserves, and Kamino says it is now mandatory for all vaults on its user interface.

Summary

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Terms & Concepts
  • smart contract: Self-executing blockchain code that enforces rules automatically without manual intervention.
  • lending vault: A crypto product that pools user assets and allocates them into lending strategies to generate yield.
  • Whitelisted Reserves: A control mechanism that limits fund allocation to pre-approved reserve destinations for added security.