Margarita Finance (Margarita Finance) and Camino (KMNO) Talk Stablecoin Partnership: "Solana's RWA Potential"

# Margarita Finance and Camino Delve into Stablecoins, Risk Management, and RWA on Solana On May 15, 2025, Margarita Finance co-founder Matthias and Camino’s founder Arun, who leads a Solana-based lending platform, engaged in a community call on X (formerly Twitter). They discussed stablecoin initiatives, risk management strategies, and the importance of Real World Assets (RWA). Arun, participating in the fintech event "Asset Rush" in Zurich, Switzerland—hosted by Gentu, a key player in non-securitized assets—shared insights on Camino's role as both sponsor and presenter. Meanwhile, Matthias provided updates from Washington, D.C., and Toronto, revealing, “At a private event in Washington, D.C., I noticed significant progress on stablecoin legislation attended by Representatives Boeheinz and Hagerty.” # Stablecoin Legislation: A Pioneering Move for U.S. Crypto Regulation Arun emphasized that U.S. Congress views stablecoin regulation as the initial phase of a comprehensive digital asset framework. Following the rollback of "Operation Choke Point 2.0" banking measures from the Biden era, the focus now shifts to advancing stablecoin legalization. Representatives Hagerty and Boeheinz see stablecoin regulation as a priority, with subsequent plans to address Bitcoin reserves, legal clarity on altcoins, and the acknowledgment of tokenized securities. Matthias pointed out Boeheinz's positive perspective on tokenized securities as a sign of progress. # Camino: Liquidity Depth as a Crucial Metric for DeFi Stablecoins Camino, the leading lending platform on Solana, facilitates around 70%-75% of the ecosystem’s lending activity. Users can connect wallets via the Camino app to deposit assets like USDC and earn interest. “Platforms with low liquidity may see interest rates drop sharply as deposits increase,” Arun noted, highlighting that Camino’s $250 million-plus in USDC liquidity stabilizes user returns. Camino’s risk management framework ensures all loans are collateral-based, with dynamic LTV ratios and an automated liquidation mechanism that reduces positions in 20% increments to prevent market disruptions. # Margarita Finance Eyes Integration of Yield-Generating Stablecoin Matthias introduced Margarita Finance’s upcoming yield-generating stablecoin, "Agentic Stablecoin," designed as an option-based financial product with a covered call strategy for automated returns. He proposed integrating Agentic Stablecoin into the Camino ecosystem as a depositable asset or collateral to boost DeFi liquidity. Arun welcomed the idea but stressed that new assets undergo a rigorous evaluation by Camino’s risk team, assessing LTV ratios and liquidation triggers. This collaboration could align with Camino’s forthcoming V2 release. # RWA: Solana’s Potential and Challenges Focusing on RWAs, Arun noted Solana’s dominance in memecoins and traditional crypto but its lag in RWA TVL compared to Ethereum. He highlighted the need for the ecosystem to prioritize RWA integrations to bridge traditional and decentralized finance, positioning Solana as a decentralized financial platform. Matthias echoed this, stating, “Margarita Finance is actively engaged in RWA-based credit markets. RWAs are crucial for Solana’s institutional ecosystem.” This community call revealed potential collaborative opportunities between Margarita Finance and Camino, spotlighting the evolving stablecoin and DeFi infrastructure landscape centered around RWA.