CoinDesk
MoonPay has added Solana lending protocol Kamino to its PayBox AI-focused payment vault, allowing eligible users to supply tokens for yield or borrow USDC against crypto collateral through ChatGPT or Claude. Kamino has around $1.3 billion in total value locked and $1 billion in active loans, according to DeFiLlama. Users can require passkey approval for every transaction or let the AI act autonomously within preset limits.
Why it matters
The integration extends agentic crypto beyond small, high-frequency payments into capital allocation and collateralized credit. Coinbase-developed x402 has moved about $50 million across 165 million payments for data, computing power and online tools. A natural-language instruction can now direct funds into a lending position that requires continued monitoring, making an execution error financially consequential rather than merely inconvenient.
This is an interface expansion, not a new loan product. PayBox launched in July with payments, token swaps, bridging and access to yield through Aave, and Kamino adds a major Solana lending venue to that stack. Only the interface changes; the underlying lending mechanics remain unchanged.
Market impact
For Solana DeFi, the partnership adds an AI-agent distribution channel to Kamino's existing lending market. It also tests whether users will delegate financial actions under explicit controls instead of approving each transaction manually.
If collateral falls far enough, a position can cross Kamino's liquidation threshold, allowing liquidators to repay the debt and take some collateral. The integration is unavailable in the U.S., U.K., European Union and Australia, and access may vary by asset and jurisdiction.
Frequently asked questions
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What can eligible users instruct PayBox to do through Kamino?
Eligible users can supply tokens to Kamino for yield or borrow USDC against crypto collateral through conversations with ChatGPT or Claude.
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What are Kamino's reported TVL and active loans?
Kamino has around $1.3 billion in total value locked and $1 billion in active loans, according to DeFiLlama.
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What controls can users set for PayBox's AI actions?
Users can require passkey approval for every transaction or allow the AI to act autonomously within preset limits.
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What happens if collateral falls past Kamino's liquidation threshold?
A position can cross Kamino's liquidation threshold, allowing liquidators to repay the debt and take some collateral.
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Where is MoonPay's Kamino integration unavailable?
The integration is unavailable in the U.S., U.K., European Union and Australia. Access may also vary by asset and jurisdiction.
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