Payment service MoonPay has announced a new integration with the Kamino lending protocol operating on the Solana network. According to the analytical platform DefiLlama, Kamino's total value locked stands at approximately $1.3 billion, with active loans totaling $1 billion. The new feature allows users to delegate to artificial intelligence tools the ability to supply tokens to Kamino to earn yield or borrow the USDC stablecoin against assets provided to the platform. The integration does not create a fundamentally new lending product but replaces Kamino's traditional graphical interface with a management system driven by natural language instructions.
Users gain flexible control over the actions of intelligent agents. They can require password confirmation for each transaction or allow the system to operate autonomously within pre-set limits. Until now, the use of agentic crypto has been largely confined to small, high-frequency payments for data, computing power, and online tools. The x402 protocol developed by Coinbase has processed around $50 million across $165 million in payments. The current development extends functionality to full-scale management of user capital, where a single instruction can create a leveraged position requiring continuous monitoring by the system.
Despite its technological novelty, the integration carries significant risks. Artificial intelligence remains an evolving technology prone to execution errors that can prove costly when handling financial assets. If the value of collateral drops far enough, a position may cross Kamino's liquidation threshold, allowing liquidators to repay the debt and seize a portion of the collateral. Users retain the ability to manage their positions through dialogue with the software, but ultimate responsibility for financial decisions remains with the asset owner.
This integration continues MoonPay's strategy of expanding the functionality of its products in the decentralized finance space. In July, the company introduced the PayBox tool, enabling payments, token swaps, cross-chain bridges, and access to yield through the Aave protocol. Kamino represents an extension of PayBox's capabilities into a major Solana lending platform rather than a first step in this direction, as agentic payment tools gradually evolve from simple transactions to complex capital allocation and lending operations. The new feature is unavailable to users in the United States, the United Kingdom, the European Union, and Australia, and access to specific assets may depend on jurisdiction and local regulatory requirements.
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This material is prepared for informational purposes only and does not constitute financial advice or a recommendation.