Kamino Pauses LayerZero-Related Asset Interactions, Closes Deposit and Lending Functions

Gate News message, April 19 — Kamino, a liquidity protocol on Solana, announced it has suspended all interactions with LayerZero-related tokens on core markets (USDS, LBTC, FBTC) as a precautionary measure, though the platform and its users remain unaffected by the current Ethereum rsETH event.

Reserve assets have entered reduce-only mode, allowing users to withdraw funds and repay debt, but deposit and lending functions are temporarily closed. Kamino is in active communication with the LayerZero team and will notify users once reserves resume normal operations.

The protocol emphasized that the measure is forward-looking risk management and that platform and user funds remain unaffected.