Kamino Sentora PYUSD is a curated lending vault on Solana that deploys PayPal USD into Kamino's lending markets to generate yield. Yield comes from borrower interest payments and PYUSD growth incentives, managed by institutional vault curator Sentora.
AUM
$147m
Net APY
6.51%
Active Users
4k
Type
Vault
Network
Solana
B-
Elevated RiskCeiling A+
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CurrentPotential
This rating is based solely on publicly available information. DeFi protocol risk assessed across Security, Strategy and Operations on the AAA–D scale. The range from B- to A+ reflects the gap between the current assessment and the potential rating achievable if all identified improvement areas are addressed.
SCSSmart Contract Security80
KMPKey Management Permissions61
MMarket87
LLiquidity78
CCollateral78
PMProtocol Mechanics83
ICEInfra Counterparty Exposures89
PCEProtocol Counterparty Exposures87
GGovernance44
FRFinancial Resilience73
TLCTeam Legal Compliance85
DTDocumentation Transparency89
Performance
Assets Under Management · 30D▼ 27.08%
$147m
Over the last 30 days, the total value of Kamino Sentora PYUSD has dropped 27.08% with $54.62M in outflows.
Net APY · 30D▲ 12.41%
6.51%
Over the last 30 days, the APY has increased from 5.79% to 6.51%.
Active Users · 30D▼ 3.65%
4k
Over the last 30 days, active users have decreased by 3.65%, reaching 3.5K wallets.
Market Details
ChainSolana
TreasuryNot reported
Oracles UsedPyth ↗Chainlink Data Streams ↗
Asset ManagerSentora
Stated Withdrawal TimeInstant
Infrastructure ProviderKamino
Component Ratings
Contract Addresses
Smart ContractA2wsxh...gDE5BK
LendingPool7u3HeH...Av5PfF
ScopeOracleGzFgdR...ppkzkW
KLendProgramKLend2...avgmjD
AdminMultisig6hhBGC...CnfQbM
Key Strengths
S1Extensive audit coverage from multiple firms including formal verification by Certora, with zero exploits across a 3+ year operating history
S2Active $1.5M bug bounty on Immunefi covering all core contracts with 17 assets in scope
S3Multi-oracle aggregation combining Pyth Network and Chainlink Data Streams with cross-verification and manipulation resistance
S4Native PYUSD on Solana via Token Extensions (not bridged), backed by Paxos with NYDFS regulation and monthly attestations
Key Risks
R1No documented timelock for contract upgrades; overnight contract change blocking Jupiter Lend demonstrates rapid unilateral modification capability
R2Multisig configuration undisclosed with fewer than 4 signers reported, signer identities and threshold unknown
R3KMNO voting power concentration exceeding 70% in top 10 wallets with on-chain governance not yet activated
R4Yield sustainability risk as PayPal PYUSD incentives taper, with vault TVL declining from peak as incentives waned
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