MoonPay Integrates Kamino Lending into AI-Powered PayBox
MoonPay has integrated Kamino, Solana's largest decentralized finance (DeFi) lending protocol, into its PayBox platform. This integration enables eligible users to lend crypto or borrow against digital asset collateral using conversational AI tools like ChatGPT and Claude.
The move expands PayBox's DeFi capabilities by allowing users to issue natural-language instructions to supply tokens to Kamino and earn yield. Users can also borrow USDC, a dollar-pegged stablecoin, against crypto deposited as collateral.
Kamino has roughly $1.3 billion in total value locked and about $1 billion in active loans, according to DefiLlama. MoonPay's integration gives users an AI-powered interface for accessing Kamino's existing services, rather than introducing a new lending product.
The integration is not available in the United States, United Kingdom, European Union, or Australia due to regulatory restrictions. Availability may also differ depending on the cryptocurrency and local jurisdiction.