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MoonPay Connects Kamino to AI for Solana Lending

Through PayBox, users can now control Kamino on Solana with ChatGPT or Claude for lending and borrowing. The integration is unavailable in the U.S., EU, and U.K., among other places, and comes with liquidation risk.

By Luc Vesters
• 2 min read
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MoonPay Connects Kamino to AI for Solana Lending

Key Takeaways

  • MoonPay adds Kamino to PayBox, letting users lend or borrow tokens through ChatGPT or Claude with crypto as collateral.
  • The integration does not change the lending product itself; Kamino remains the same Solana lending service, but the interface now runs through natural language.
  • The feature is limited and does not work in the United States, the United Kingdom, the European Union, or Australia.

MoonPay has added Kamino to its AI-focused PayBox, allowing users to lend or borrow tokens through ChatGPT or Claude against crypto collateral. The feature is meant for people who want to work with an AI assistant using natural language, but it is not a new lending product. Kamino remains the same Solana lending service; only the way you use it changes.

How the Integration Works

Users can tell the AI to send tokens to Kamino for yield, or to borrow USDC against collateral deposited on the platform. Those who want more control can require passkey approval for each transaction. It is also possible to let the AI act on its own within preset limits.

According to DefiLlama, Kamino processes about $1.3 billion in total value locked and $1 billion (€0.9 billion) in active loans. That makes the integration relevant, because MoonPay is not only offering payments and swaps in PayBox, but also access to one of the larger DeFi protocols on Solana. Since launching in 2022, Kamino has grown from a liquidity management tool into a broader DeFi platform with lending, vaults, and leverage strategies.

Risks With AI and Credit

The move fits into a broader trend in which agentic crypto has mostly been used for small, fast payments for data, computing power, and online tools. Coinbase-developed x402 processed about $50 million (€42.9 million) across 165 million payments. This integration goes further, because an AI instruction can now also open a position with borrowed money that has to be actively monitored.

That is where the risk comes in. AI is still prone to execution errors, and when money management is involved, that can get expensive. If the value of the collateral drops too far, the position can hit Kamino's liquidation threshold, and liquidators can repay the debt and take part of the collateral.

Availability Remains Limited

MoonPay launched PayBox in July with payments, token swaps, bridging, and access to yield through Aave. Adding Kamino shows the product is moving further toward DeFi on Solana, but the service is not available everywhere. The integration does not work in the United States, the United Kingdom, the European Union, or Australia, and access can vary by asset and jurisdiction.

Disclaimer: This content is for informational purposes only and does not constitute financial, investment, legal, or tax advice. The information provided may be incomplete, inaccurate, or outdated and should not be relied upon as such. Nothing on this website should be considered a recommendation to buy, sell, or hold any cryptocurrency. Investing in crypto-assets involves risk of loss.