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Recently noticed that the Kamino protocol is working on a code upgrade, and I heard they are deploying a 5-layer or even 10-layer multisignature mechanism. This change is interesting — on the surface, it seems to enhance security, but it also means that the withdrawal process may become more complicated.
The market value of this project is about to reach 200 million, and the TVL data is also decent, with a considerable number of users. However, to be honest, it's difficult for ordinary users to determine whether the adjustments to the underlying permission structure are beneficial or detrimental.
Personal suggestion: If you have invested a considerable amount of funds in Kamino, you might consider withdrawing them for a while and observing the situation. Wait until the project team clarifies the specific plan and the community's reaction becomes clear before deciding whether to continue participating. After all, in DeFi, the safety of funds always comes first.
Multisig is good and all, but if withdrawals are even a second too slow, that's a death sentence in this crypto space. I once lost big in a "security upgrade" lending protocol—didn't matter how many risk control levels or liquidation protections they had, in the end a single drop in collateral ratio and it was all liquidated.
$200 million market cap, TVL is decent—sounds like a ticking time bomb setup...
Definitely better to pull out and wait and see. That's solid advice. Hindsight is priceless, but it's always better to run early than not be able to run at all.
Wait, is Kamino actually trying to shake things up or is this really a security upgrade? Hard to say for sure.
Better to pull out for now. Anyway, in DeFi, moving fast is never wrong.
Let's withdraw a bit to calm down, anyway, this thing can't run away.
Here comes another "security upgrade," and the withdrawal speed is definitely going to suffer. I might as well withdraw some to calm down, after all, fund safety comes first.
Multisignature sounds impressive, but when you actually use it, it feels like paying taxes, forget it.
No matter how fast the TVL rises, it doesn't help; this move feels a bit sketchy.
Is Kamino trying to lock our money up? Let's wait and see.