Kamino: Suspends LayerZero-Related Asset Interactions and Closes Deposit and Lending Functions

Odaily News: Solana ecosystem liquidity protocol Kamino posted on platform X stating that its platform and users have not been affected by the current Ethereum rsETH incident. However, out of an abundance of caution, it has suspended all interaction operations in the core markets for tokens related to LayerZero (USDS, LBTC, FBTC). The related reserve assets have entered "reduce-only mode." Users can still withdraw and repay debts, but deposit and lending functions have been temporarily closed.

Kamino added that it is maintaining communication with the LayerZero team and will notify users as soon as the related reserves resume normal operation. These measures are proactive risk controls, and platform and user funds remain unaffected.