Aave co-founder accuses Kamino of 'shameful imitation' of Aave, countered by Solana co-founder

Odaily Planet Daily News Aave’s leading position in the field of Decentralized Finance lending seems to be facing fierce competition. According to the data compiled by Token Terminal, Solana on-chain Decentralized Finance project Kamino has seen a net deposit rise of 1,368% since January 2024, while Morpho has seen a net deposit rise of 214% during the same period. Meanwhile, Aave’s net deposit rise rate is approximately 213%. This week, Aave founder Stani Kulechov criticized Kamino on X, calling the project an ‘imitator’ of Aave’s ‘old technology’ with a ‘half-baked’ user interface. His post sparked rebuttals from members of the Solana community, including Solana co-founder Anatoly Yakovenko, who believe Kamino is superior. Another early member of the Aave development team, Marc Zeller, has also been criticizing the approach of other Decentralized Finance projects when they encounter issues. Despite Kulechov’s criticism of Kamino, he acknowledged in a recent podcast, “Overall, the more on-chain developers, the better. It doesn’t matter where they start or end. If Solana has more developers to build resilient, secure, and guaranteed Decentralized Finance, I would be happier.” (Bloomberg)