Solana Foundation Chair Calls Out: Stop Infighting—Is a $5 Billion Lending Market Not Competitive Enough?

[Crypto World] On December 7, Solana Foundation President Lily Liu couldn’t stay silent anymore and directly called out Kamino and Jupiter Lend, urging them to stop infighting.

Here’s what she said: “The lending market on Solana is only worth $5 billion right now, whereas Ethereum’s is 10 times that. Not to mention the traditional finance collateral market—that’s a trillion-dollar pie. Are we going to keep squeezing each other out (doing things like one-click position migrations and throwing shade on social media), or are we going to join forces to capture a bigger market?” Liu didn’t mince words.

The issue started when several lending protocols in the Solana ecosystem began arguing. A Fluid co-founder admitted that Jupiter Lend’s vaults had repeated collateralization and said “the isolation isn’t thorough enough.” Kamino’s co-founder immediately jumped in, saying this was a slap in the face—after all, Jupiter previously promised “zero contagion risk.” As a result, Kamino directly restricted users’ ability to migrate their positions in one click.

Now, with the Foundation exec speaking up, the message is clear: the outside market is huge, so don’t waste energy on internal strife.