Kamino Finance Airdrop $KMNO Guide
Airdrop remains the best means for newbies and anyone into the crypto space trying out new products, protocols, features, and anything else. Airdrop gives the user the best chance at a first-hand experience and other intrinsic values.
Head over to the starting series where I discussed Borrow/lend and LP position for the incoming $KMNO airdrop season 1!
Multiply: The idea that you only get to lose what you can afford is true for trading and airdrop activities. However, Kamino Finance utilization suggests otherwise, you see, with the multiply tool users get exposure for an airdrop incentive and multiplier with the various strategies available.
How to use the multiplier feature:
a. Select multiplier and deposit your $SOL or liquid-staked token (e.g JitoSOL)
b. Kamino swaps into JitoSOL and uses a flash loan to borrow SOL
c. $SOL is swapped into the target JitoSOL amount and is supplied into K-Lend
d. $SOL is borrowed to repay the flash loan. The new position means yield at target leverage.
Predominantly featured in the multiplier section with more than 25% APY are;
i. bSOL/SOL
ii. JitoSOL/SOL
iii. mSOL/SOL (This position is also eligible for marinade earn reward)
Long/Short The Market: Long/Short allows market speculation, either the bull or the bear.
How does this market work:
a. Select leverage and deposit tokens e.g. $SOL
b. Kamino deposits into K-Lend and then uses a flash loan to borrow leverage tokens (eg. USDC)
c. USDC is swapped into the target SOL amount and is supplied into K-Lend
d. USDC is borrowed and used to repay flash loans. The position provides exposure at target leverage.
Available Tokens: SOL, JitoSOL, bSOL, mSOL, USDT, TBTC, ETH.
PS: Earning points in these positions will increase your airdrop allocation.
Pss: These strategies are not with associated risks you should do your research before engaging
Kamino Finance is Solana’s ultimate liquidity that introduces rebalancing and compounding positions on #CLMM dexes for a new layer of active liquidity.
