Kamino Finance — A Liquidity Layer for Solana; $KMNO Airdrop Guide
After Jito's successful airdrop that utilized a point-based system at the end of last year, multiple platforms have since copied the strategy. Some might argue that Jito is responsible for the current popularity of the point system.
Kamino Finance, #Solana ultimate liquidity introduces rebalancing and compounding positions on #CLMM dexes for a new layer of active liquidity, its point-based system, and ready for a snapshot on March 31st.
Easy steps to get you onboard and ready to go live:
Enter the Kamino App, connect any of the selected wallets, and explore various features available to you.
For the best experience, you should select Solana Wallet as Kamino Finance is native to the Solana ecosystem.
1. Borrow/Lend: Kamino Finance allows users to supply assets and borrow against the collateral.
Here is how it works in a simple pictorial representation:
a. Supply assets to earn yield and to use as collateral
b. Borrow assets against your deposited collateral
c. Borrow up to maximum loan-to-value, calculated using your specific collateral and debt combination
d. Lastly, if you reach liquidation point LTV (>max LTV), you can lose your collateral via liquidation calls while retaining borrowed assets, so ensure to keep an eye on your loan health at all times.
Kamino has 3 Borrow/Lend sections activated; JLP Market which is the Jupiter Liquidity Provision market which currently has a 3x boost and a $PYTH reward program.
Also, there is the main market and the altcoin market which feature assets like $BONK, $SOL, $ETH, $PYTH, etc.
Essentially, you earn points by engaging the borrow and lending section and can hit a 2x/3x booster utilizing the JLP market and other assets.
2x/3x Boosters are available for the following assets:
a. $WIF
b. $USDC
c. $SOL
d. $USDT
e. $USDH
d. $BONK
You may want to check out the official Twitter page to find more Boosters before TGE.
2. Liquidity Provision: LPs are the backbone of DeFi, with Kamino Finance this comes with a juicy rate of more than 20% APY 7D fees across various markets including, meme-coins, JUP, liquidity farms, Bluechips, Stables, SOL, and NFTs.
Here is how it works:
a. Select a vault and deposit available assets.
b. Kamino auto-swaps and deploys into DEX pools to earn yield.
c. You get to receive fungible kTokens as LP tokens. Yield auto-compounds into kToken value.
d. You can leverage kTokens with K-lend for max yield.
Explore various pools across the available markets and keep an eye on markets with extra yield incentives like the JUP-bSOL Liquidity Pool which has a liquidity farm and a $BLZE reward attached.
LPs with incentive farms include:
a. mSOL-bSOL
b. JUP-bSOL
c. JitoSOL-bSOL
d. JitoSOL-SOL
e. GP-JUP
f. MYRO-SOL
g. PEEP-SOL
h. JUP-WEN
i. GUAC-SOL
j. SAMO-SOL
k. SAMO-USDH
A further list of farming-incentivized LPs can be found here
By engaging the Borrow/Lend and LP section, you are already set ahead of the curve and ready to receive your $KMNO reward when TGE goes live.
Kamino Finance is Solana's ultimate liquidity that introduces rebalancing and compounding positions on #CLMM dexes for a new layer of active liquidity.
