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The Defiant 2025-04-02 10:59:23

Top DeFi Protocol Kamino Integrates Oracle Pyth to Close DeFi-CeFi Gap on Solana

Kamino Finance, a decentralized finance (DeFi) protocol built on the Solana blockchain, announced today that it has launched a tool to make token swaps on Solana more efficient, according to an announcement shared with The Defiant. The tool, dubbed Kamino Meta-Swap, integrates blockchain oracle Pyth Network’s Express Relay, designed to reclaim maximum extractable value (MEV). Meta-Swap uses Pyth’s tool to route swaps through a real-time auction of top searchers, delivering competitive pricing. The new product from Kamino also features a tool called Active Simulations, which the project claims to ensure accurate pricing, prevent failed transactions, and eliminate slippage. Kamino Finance boasts a total value locked (TVL) of $1.82 billion, and is currently the third largest DeFi protocol on Solana by TVL, according to data from DeFiLlama . At press time, its market capitalization stands at around $64.5 million. To continue reading this as well as other DeFi and Web3 news, visit us at thedefiant.io

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