Kamino Finance Launches Debt Swaps on Solana 🪙
Kamino, the leading credit infrastructure protocol on Solana, has rolled out Debt Swaps — a new feature that allows users to migrate borrow positions between different debt assets in a single atomic transaction.
The update eliminates the previous need to fully unwind and rebuild positions when refinancing debt, significantly reducing execution risk, market exposure, and operational friction for users.
🤔 How Debt Swaps Work:
Previously, switching debt assets required closing the borrow position, withdrawing collateral, redepositing it, and reopening a new borrow pair — a multi-step process that exposed users to additional execution costs and price risk in between.
Debt Swaps compress this entire workflow into one seamless transaction powered by Kamino’s flash loan infrastructure. Users can now refinance into cheaper or preferred debt assets without manually unwinding their positions.
🔓 Key Details:
- Available across all multi-debt markets and within Kamino Multiply.
- Supports borrow positions with one collateral asset and up to two debt assets.
- For larger position sizes, splitting into smaller batches is recommended to minimize price impact.
- In Multiply mode, users can migrate an active position from one pair to another in a single click while preserving exposure.
Swap fees and slippage are paid only once, making strategy transitions faster and more cost-efficient.
This launch further strengthens Kamino’s position as a top-tier DeFi credit platform on Solana, delivering practical tooling that improves capital efficiency and user experience for both retail and advanced users.
The feature is live now. Users can access Debt Swaps directly through the Kamino app across supported markets.
🎮 Official Links:
🌐
https://kamino.com
🐦
https://x.com/kamino
🎮
https://discord.com/invite/kamino