MoonPay integrates with Kamino, allowing AI agents to lend and borrow on Solana

MoonPay has integrated the Solana lending protocol Kamino into its AI payment vault PayBox, allowing eligible users to execute token lending or collateralized borrowing on Solana through conversations with ChatGPT or Claude. According to DefiLlama data, Kamino has a locked value of approximately $1.3 billion, with an active loan scale of about $1 billion.

This integration does not create new loan products but replaces Kamino's original interface with natural language commands. Users can request that each transaction requires passkey approval or allow the AI to operate autonomously within preset limits. MoonPay launched PayBox in July, initially supporting payments, token swaps, cross-chain bridging, and earning through Aave. The integration of Kamino marks its expansion from AI payment tools into the credit management field.

Currently, AI-based crypto applications are mainly focused on small, high-frequency payment scenarios. The x402 protocol developed by Coinbase has processed approximately $50 million and 165 million payments. This integration allows AI to manage user funds, with a single command capable of creating leveraged positions. If the value of the collateral falls and triggers Kamino's liquidation threshold, the position may be liquidated. This service is not currently available to users in the United States, United Kingdom, European Union, and Australia, with specific availability varying by asset and jurisdiction.