Kamino Launches tGBP Lending Market on Solana

Kamino has launched an isolated lending market for tokenized GBP (tGBP) on the Solana blockchain, giving users a platform to supply tGBP or borrow it against approved crypto collateral.

The market accepts USDC, cbBTC, and JitoSOL as collateral, with maximum loan-to-value ratios of 85% for USDC, 75% for cbBTC, and 60% for JitoSOL.

Both tGBP and USDC are available to borrow, and the market is isolated from other Kamino lending markets, with its own liquidity, collateral, and risk parameters.

tGBP is a stablecoin designed to track the pound sterling at a 1:1 ratio, backed by cash and cash equivalents held by BCP Technologies.