I use fluid a lot on Ethereum, but a lot of this is crap tbh.
- the vesting details, season end dates, everything is mentioned transparently on the UI. I haven't seen any other protocol ever mentioning the dates for season ends and vesting details long before it ends.
- Protocols need to generate revenue as well. Trading bots and apps charge 1% per tx, is that fair? It depends on whether the user feels justified in what he is getting. Users just see 3 things, deposit & borrow APYs, range of assets and security of the protocol. If fluid wants to beat them on these, they are welcome to do so. Stop crying about protocols making revenues.
- We are calling BD bullying now?!?! If Orca is Kamino's partner, they would obviously be lobbying for getting liquidity on there. Provide enough value to the small teams to keep them on Meteora if you can. What is this crying on the tl?
- Anyone can always leave the platform by paying out their loans 👍🏻
- I don't know about shitting on competitors, but if that competitor is marginfi by any chance, I'm going to buy lunch to all Kamino team.
- remaining things are genuinely random so I am not even going to comment on these.
What I do know is this - if I have to trust somewhere to leave my capital somewhere for a few months without looking, there are ONLY 2 places in the whole of defi that I'd be confident in doing so - Aave and Kamino. Anywhere else, I'm always checking at least every alternate day to ensure it is still there. And that includes Fluid.
things I learned about kamino in 3 months:
• fake APRs with 9-month vested shitcoin
• shitting on your competitors at 1-1 meetings with investors
• bullying smaller teams to migrate liquidity from meteora to orca to get listed on kamino
• faking liquidation parameters
• charging the highest fees to their users in the whole industry across all chains
• blocking their users from leaving the platform
• calling 5/10 multisig a transparent defi protocol
• pushing users into negative APYs just to keep kamino profitable
Solana users deserve to be treated better than this
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