The feature lets users borrow against crypto holdings through Kamino Finance on Solana and spend through the XPlace card without selling their assets.
XPlace has relaunched Credit Mode on Solana, using Kamino Finance to let users borrow against their crypto holdings and spend through the XPlace card without selling those assets. The update links crypto-backed borrowing with card-based payments, a structure commonly used to help holders access liquidity while keeping market exposure. Solana is the blockchain network supporting the feature, while Kamino Finance provides the underlying lending functionality.