Anchorage Digital has partnered with Kamino and Solana Firm to roll out a construction that permits establishments to borrow towards staked Solana with out transferring belongings out of regulated custody, probably addressing a key friction between conventional finance and decentralized lending markets.
In a Friday announcement, Anchorage stated the initiative expands its Atlas collateral administration platform by integrating with Kamino, a Solana-based decentralized lending protocol.
The trouble is being carried out in collaboration with Solana Firm, a publicly traded Solana (SOL) treasury created in partnership with Pantera Capital and Summer time Capital.
Beneath the construction, establishments can use natively staked SOL as collateral for onchain borrowing whereas the belongings stay held at Anchorage Digital Financial institution, a federally chartered crypto financial institution. Meaning traders can proceed incomes staking rewards whereas accessing liquidity by Kamino’s lending markets.
Anchorage acts as collateral supervisor, overseeing loan-to-value ratios, margin necessities and, if vital, liquidations. As a result of the collateral stays in segregated custody, establishments don’t want to maneuver belongings into sensible contracts, a requirement that has traditionally restricted participation by regulated entities.
Associated: Solana treasuries sitting on over $1.5B in paper SOL losses
DeFi laws hangs within the steadiness
The combination between Anchorage Digital, Kamino and Solana Firm underscores rising institutional curiosity in decentralized finance. Nonetheless, that momentum is unfolding towards an unsure regulatory backdrop in america, the place lawmakers are nonetheless debating oversee digital belongings and DeFi platforms.
On the middle of the controversy is the proposed CLARITY Act, which goals to ascertain clearer jurisdictional boundaries and regulatory requirements for digital belongings, together with DeFi protocols.
Whereas the invoice is meant to scale back uncertainty for market members, some DeFi advocates argue that it falls wanting addressing how decentralized protocols, builders and governance constructions needs to be handled below the legislation.
Business teams have raised considerations that earlier draft language, together with amendments launched in January, doesn’t sufficiently distinguish between centralized intermediaries and decentralized methods.
Amid the impasse over the CLARITY Act’s future, the Trump administration convened a gathering with trade representatives earlier this month to interrupt the deadlock and collect suggestions on excellent provisions associated to DeFi oversight and market construction.
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