Crypto prime broker Project 0 has announced a major integration with Kamino, a leading liquidity protocol built on the Solana blockchain. The partnership aims to simplify risk and capital management for decentralized finance (DeFi) users, while improving overall market liquidity and efficiency.
The collaboration will allow Project 0 users to manage their Kamino and Project 0 deposits within a single unified credit pool. This means users can now borrow against combined assets, with loan-to-value ratios, borrow weights, and interest rates calculated seamlessly across both platforms. The new system also introduces a unified margin account, giving traders the ability to access leverage without juggling multiple collateral positions.
“By enabling cross-margin across multiple venues, users can now manage their entire portfolio under a single margin account,” said MacBrennan Peet, founder of Project 0. “This addresses a long-standing inefficiency in DeFi and provides clearer oversight of portfolio-wide risk.”
Project 0 is solvent & protected users during this crazy market drawdown with ~$100M in outstanding credit!
— MacBrennan | P0 (@macbrennan_cc) October 11, 2025
Diving in: the @0dotxyz risk & liquidity engine is built on @marginfi, which is one of the most resilient, stress-tested DeFi protocols on Solana -- handling hundreds of… https://t.co/t7sNDjeorb
The integration is designed to solve one of DeFi’s biggest challenges: fragmented capital. Currently, users often need to overcollateralize separately on different platforms, leading to inefficient capital use and higher liquidation risks. With Project 0 and Kamino working together, users gain more flexibility, reduced risk exposure, and improved liquidity access.
The announcement follows a turbulent week in the crypto markets, marked by one of the largest liquidation events in history. A flash crash wiped out nearly $10 billion in open interest, prompting renewed discussions about DeFi market stability. Peet noted that Project 0 had modeled scenarios similar to this event and confirmed that its risk parameters could have absorbed the drawdown and protected lenders.
Importantly, both Project 0 and Kamino remained solvent during the market turmoil. Kamino reported zero bad debt, and its liquidation systems “performed exactly as expected.” Meanwhile, Project 0 handled more than 2,000 liquidations while maintaining operational stability — even as volatile assets like BONK saw double-digit declines.
Peet emphasized that the integration introduces no additional risk to Kamino.
“Project 0 cannot change Kamino’s imposed risk parameters — all of those remain controlled by the Kamino team,” he said.
Despite the unprecedented price action, we’re happy to confirm that Kamino users incurred a total of $0 bad debt, and that the liquidation engine performed exactly as expected.
— Kamino (@kamino) October 10, 2025
Kamino’s risk and liquidation systems are designed to weather the worst. Though it’s a silver lining…
He added that Project 0 uses partial liquidations to minimize user impact, liquidating only what’s necessary to restore account health.
The rollout will begin with Project 0’s top 5,000 users, followed by a broader public launch in the coming days. As the two platforms continue to merge capabilities, the collaboration is expected to set a new standard for cross-platform liquidity and portfolio management in the Solana ecosystem.
