One of the reasons I have consistently supported and been a user of Kamino is because I believe not all yield is equal.
The reality of DeFi is that you are at risk of losing all of your funds if there is an exploit.
Self custody is great, but the downside is that no one is coming to bail you out.
Security should be your number one concern when thinking about storing your wealth in DeFi platforms.
I have and still hold a good chunk of my net worth on Kamino because I believe that they offer one of the best risk adjusted ways to earn yield on my assets.
There are only a handful of protocols that meet a very high benchmark in DeFi, and Kamino are one of them.
Kamino since it went live in 2022:
• 0 bad debt
• 0 security incidents
• 0 exploits
Now anyone can verify Kamino's smart contracts onchain matches what is in their public GitHub. The code is fully open source.
I don't know how many other DeFi protocols have both this track record, and current level of security, but I believe this should be celebrated, and all DeFi users should hold other protocols they use to this very high standard.
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