Kona Lend Raises $PENGU Supply Cap to 500 Million Tokens
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konadefi has raised the PENGU supply cap on its Kona Lend platform to 500 million tokens as of February 26, 2026, expanding borrowing capacity for holders of the pudgypenguins ecosystem token.
The increased cap gives users more room to deposit PENGU as collateral and borrow ETH, USDC, or USDT against their position. The previous cap had limited available supply space on the lending market.
About Kona Lend
Kona Lend is part of konadefi's full-stack DeFi suite built on the Abstract blockchain. The protocol, developed by KittyPunch, targets consumer audiences at the intersection of DeFi and NFT markets, offering lending alongside trading, yield products, and volatility derivatives. PENGU, the token associated with the Pudgy Penguins NFT brand, is one of the collateral assets supported on the platform.
Users looking to take advantage of the expanded capacity can access Kona Lend directly through the konadefi platform on Abstract.
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