Kinza Finance

Rejected venues wait the longest for re-review; a rejection has to earn another look before the scheduled date.

Kinza Finance is an on-chain money market that matches lenders with borrowers. It deploys only on BSC, and BSC failed our chain-level vetting, so nothing settled there is reachable regardless of protocol quality. TVL stood near $2.8M at the 2026-08-14 survey. The verdict is about the settlement venue, not the lending design; the file reopens if either changes.

Kill criteria: the events that revoke this verdict
• Deploys meaningful liquidity on a chain the registry approves
• The BSC verdict changes

The research file

Mechanism applicability

Kinza documents a pooled money market: suppliers deposit into asset-specific contracts, receive interest-bearing kTokens, and make liquidity available to overcollateralized borrowers. Borrowers receive dToken debt, rates vary with market utilization, unhealthy accounts can be liquidated, and reserve factors divert part of interest toward bad-debt protection. These facts establish the lending product surveyed by DefiLlama.

Current observation and perimeter

The DefiLlama protocol API read on 2026-08-15 classified Kinza Finance as Lending and reported approximately $2.90M TVL and $1.38M borrowed across BSC, opBNB, Ethereum and Mantle. About $2.85M, more than 98% of TVL, remained on BSC; Ethereum held only about $0.01M and the other deployments were similarly de minimis. The registry perimeter is updated from BSC-only, but the shared v1 rejected-chain dossier remains the fundamental disposition for the economically meaningful deployment.

Control and exit applicability

Kinza says each market has LTV, liquidation-threshold, reserve-factor and supply/borrow-cap parameters, while future governance can adjust reserve factors. A supplier can request a full withdrawal, but collateral withdrawals must leave health above one and executable recovery depends on liquidity not being borrowed. Asset isolation limits contagion from volatile collateral; it does not make the BSC-dominant lending claim reachable under the chain policy.

Why the class rule decides

Ethereum, Mantle and opBNB labels do not cure a rejected-chain exposure when more than 98% of current capital remains on BSC and approved-chain liquidity is not meaningful for an advised allocation. The shared v1 rejected-chain dossier therefore decides before market-level credit underwriting. Reopen if BSC is approved or if independently verified liquidity on an approved chain becomes large enough for the proposed sleeve, then review utilization, collateral and oracle parameters, admin controls, incidents, bad debt and stressed withdrawals against named lending alternatives.

Sources

The claims above trace to these. Where a number could not be independently verified, the thesis says so.

• Kinza — protocol and deployment overview · primary · accessed 2026-08-15
  Supports: money market, BNB, opBNB, Ethereum, Mantle, live lifecycle
• Kinza — lending and borrowing mechanics · primary · accessed 2026-08-15
  Supports: supplier pools, kTokens, dTokens, utilization rates, collateralized borrowing
• Kinza — risk factors and caps · primary · accessed 2026-08-15
  Supports: overcollateralization, LTV, liquidation threshold, health factor, supply and borrow caps
• Kinza — withdrawal mechanics · primary · accessed 2026-08-15
  Supports: full withdrawal, health factor, collateral constraint, execution
• Kinza — bad-debt reserves · primary · accessed 2026-08-15
  Supports: bad debt, reserve factor, borrower interest, governance parameters
• DefiLlama — Kinza Finance survey record · secondary · accessed 2026-08-15
  Supports: current TVL, borrowed amount, current chains, Lending category, survey observation

Inherited controls

The verdict above grades the protocol layer. Every position also inherits the asset it holds and the chain it settles on. The least safe layer sets the position’s grade, and the position table names which one that is.