Deserted Places

[Kamino @kamino]

$JLP holders have now deposited over $150 million $JLP to leverage their yield on Kamino

Have you?

[Retired Chad (Monad Arc) @retiredchaddev]

If you like JLP and KMNO, here is a simple strategy. You can get up to 12x boost on your points by borrowing USDC against JLP and converting to JLP and depositing in Kamino JLP market. You can make up to 350% apy in pure JLP yield + 260% apr in KMNO points (based on whales market prices).

Be careful though, JLP comes with a market risk, don't get liquidated.

[Thesis 🟠 @ThesisInvestor]

5 Things I Love About Kamino

(originally posted on my Medium page, linked in my Profile)

@KaminoFinance has rocketed up the Solana decentralized finance leaderboard over the last three months and current has the highest total value locked for a non-liquid staking platform at over $1.1 billion, per DefiLlama.

There are a lot of reasons that explain Kamino’s success, but I wanted to highlight the five reasons why I personally think Kamino is a cut above other decentralized finance products and why I will keep using it long after their first season of points concludes at the end of March 2024.

NOTE: Nothing in this post should be considered financial advice. I’m sharing this content for informational purposes only.

1. Lending + Pools

There are two primary strategies to earn yield on your crypto assets: lending and adding liquidity to liquidity pools. I like that Kamino offers exposure to both of these strategies under one roof, which greatly simplifies the DeFi journey, especially for new/inexperienced users or people who aren’t full-time in crypto.

2. Single-Sided Deposits/Withdrawals

Adding liquidity to a liquidity pool should be possible in a single click. Unfortunately, most liquidity pools require the user to add liquidity on both sides of the pool, which is a pain in the ass because a) pools aren’t always 50/50 split, b) users then need to figure out how much of one token to swap to another to get to the desired amount of each token, and c) users then have to actually conduct the swap on a separate site, like Jupiter.

Kamino turns this silly, time-intensive, user-hostile approach upside down by enabling users to add single-sided liquidity that is then swapped into the desired ratio of assets for the pool, making it simple to add liquidity even for new/inexperienced users. And, to make things better, it’s the default option when you are looking to add liquidity.

3. High Yields (Explained)

Yield is super important in a volatile asset class like crypto. Many people are drawn to crypto for opportunities to make money that they feel aren’t accessible via their job/career or via traditional finance. And Kamino has some of the best yields I’ve seen on Solana. There are three reasons why their yields are excellent:

They are an aggregator of liquidity options, so they offer a one stop shop to peruse liquidity pools across Raydium, Orca, and Meteora. Why use three sites when you can use one?

Kamino actively manages the funds you are providing to the liquidity pool, including ensuring funds remain within an advantageous price range and harvesting and compounding rewards. These are things that power users can do themselves, but Kamino brings this level of fund management to more average users who don’t have time to babysit their liquidity positions.

Kamino seems to do a great job forging partnerships with other teams to offer additional rewards for contributing to certain strategies/pools. Some of the most notable rewards they have offered in various pools include JTO and BONK (in addition to the more typical BLZE and MNDE rewards you can find elsewhere).

Kamino also does an awesome job of explaining yield and risks in two really important ways. First, users can intuitively hover over the APY amount to see a breakdown of where the yield comes from on each strategy. In the case of one of my favorite liquidity pools — JitoSOL-SOL — yield comes from two places: 1) Fees, calculated over the previous 7 days, annualized and compounded (in this case, 3.65%) and 2) Rewards, annualized (in this case, 6.84% in JTO). This really helps me make more informed choices on where to put my hard-earned capital.

Kamino also offers an Info & Risk tab on each of their strategies/pools, which is a great way to learn more about the product you are about to engage with. I love this level of transparency and think more products should put in the effort to increase transparency and knowledge on the part of users who are too often thinking about money/APY rather than risks.

4. Points Points Points

Yield is great, but everyone knows that an even bigger reason to be active in decentralized finance right now is to position your wallets for an allocation of future governance tokens from popular Solana applications. And Kamino has leaned into this meta in a big way, not only by offering their own points program (Season 1 of which concludes on March 31), but by offering unique strategies to maximize points across multiple ecosystems!

The signature strategy that they offer are their JUP vaults which enable liquidity providers to earn Kamino points, Meteora points (since the liquidity pools are on Meteora), and Blaze Stake points (via BLZE rewards).

5. Portfolio Tracking Tools

Another great example of Kamino’s commitment to offering a great user experience is their Portfolio section which makes it very easy for users to track their various positions, points accrued, understand their liquidation risk if they are borrowing, find and claim their accrued rewards, see transaction history, and see profit and loss on each position. The interface is intuitive and helps you better understand which strategies are actually netting the results you were hoping for.

In conclusion, Kamino has earned their place at the top of the Solana DeFi standings, in my opinion, not because they offer the best points program for opportunistic farmers, but because they have created a great user experience that makes it easy for people to:

explore a wide range of strategies like borrow/lend and liquidity pools deploy/withdraw funds to/from various strategies understand yield and risks of each strategy
accumulate points across the Solana DeFi ecosystem
monitor progress of your portfolio.

And I’ve only scratched the surface of interesting features/strategies on Kamino, like Muliply, Long/Short, and their wide range of dashboards and documentation on their various products. It’s a product worth exploring and using long after the points meta goes away.

[Kamino @kamino]

Note: Any Kamino-related content created in 2024 is eligible for submission

[Kamino @kamino]

Introducing the $KMNO Content Program - live now!

Earn $KMNO by writing, talking, or memeing about Kamino

Season 1 of the program will run until March 31st, 23:59pm (UTC). Submit your content here: https://t.co/OKTEAmqC87

Read on for details on how you can get rewarded 🎉

[Kamino @kamino]

Every piece of content will be reviewed by the Kamino intern and their intern, and as stated, select pieces will also get features across Kamino’s social channels.

Always remember to tag @KaminoFinance in the content you produce!

Some ideas for content include:

- Product explainer thread/article/video
- Threads tracking usage journey of a single product (eg. JLP Leverage)
- Guides on Maximizing Yield (or maximizing points ⭐️)
- Memes about Kamino
- TikTok videos on using Kamino to earn yield
- Youtube walkthrough on using Kamino

We are open to anything and everything Kamino-related, and feel free to get creative!

EVERY piece of content will be reviewed and rewarded on its own merits. We’ll primarily consider: quality of content, accuracy of content, and virality

For example, high-quality content that takes time and effort to produce is more likely to earn a larger $KMNO reward than a single meme - but virality always plays a part

All the $KMNO allocated in Season 1 of the program will be revealed upon the $KMNO Genesis Claim - planned for April 2024

[Kamino @kamino]

PLEASE NOTE

For your content to be eligible for $KMNO rewards, and to potentially get featured, you need to submit your content in the Content Submissions Form: https://t.co/2j7HohRvj1

You can submit as often as you like - and up to 5 pieces at a time.

The end of the March window is the Season 1 Snapshot date:

23:59pm UTC, March 31st

All content needs to be submitted by midnight, March 31st. Any submissions after March 31st will not be considered.

We look forward to exploring your content!

This is the final tweet.

[Kamino @kamino]

Notifications are coming to Kamino soon, powered by @saydialect 🔔

This will include notifications for:

- Position health
- Borrow rates
- Product updates
- PnL
& more

[Kamino @kamino]

Kamino's Automated Liquidity is now the largest Liquidity Management product in DeFi

Our Vaults have generated over $11.8M in fees for users

As an LP on @solana, you no longer have to:

- Manage or rebalance positions
- Auto-compound yield
- Manually swap to deposit/withdraw

[Kamino @kamino]

1/ $KMNO OG Announcement

Upon Kamino Genesis, a total of 50,000,000 $KMNO will be allocated to OGs - awarded on a tiered basis

This OG Allocation is 0.5% of the total supply - and increases the total Genesis Community Allocation to 7.5%

[Kamino @kamino]

3/ Season 1 Loyalty Boost

To further reward early users, anyone that has participated in Kamino Season 1 will receive a Loyalty Boost to their Season 2 points

This Loyalty Boost will be time-weighted. The longer you participated in Season 1, the larger your Loyalty Boost will be in Season 2.

Loyalty Boosts are permanent. As long as your wallet participated in Season 1, you will earn a boost in Season 2

[Kamino @kamino]

4/ If you want to catch the Kamino alpha, join us in Telegram: https://t.co/ffZYpClVkl

This is the final tweet

[Kamino @kamino]

Kamino has reached $1 Billion TVL

We are extremely grateful for all the support over the past 2 years - we would not want to be building Kamino anywhere else

The vision remains unchanged - build a suite of financial products that can serve as many users as possible

Onwards.

[Antara - Raiders & Royals @AntaraTheGame]

Our $ANTT vault on
@KaminoFinance is now live, with incentives of 50,000 $ANTT currently available.

Find out more below!

$SOL

https://t.co/MFggMC4X7K

[Synesis One @synesis_one]

A friendly reminder that SNS-SOL liquidity vault is live on @KaminoFinance, with bonus SNS rewards for liquidity providers!

[Switchboard ⚡️ @switchboardxyz]

Kamino at the forefront of Operation [X]

@KaminoFinance is redefining DeFi with automated liquidity strategies and leveraged trading.

Look for our logo in pools both Borrow/Lend & Liquidity, these are secured by Switchboard.

Join our Discord to learn more on Operation [X] 🔌

[Jupiter @JupiterExchange]

.@KaminoFinance builds unique DeFi products to unlock interesting strategies. They recently released a JLP isolated market, allowing users to use JLP as collateral to borrow other assets!

Listen to @y2kappa, Kamino's Co-Founder, talk all about it!
https://t.co/zW0tCQ8Bmj

[Kamino @kamino]

We hear you. We’ll be doing this right.

Since Kamino went live, we’ve made a point of listening to our community and genuine users, with the aim of building a great product that people love.

We have always chosen to be as transparent as possible in our communications - and this held true for our points program, as well as the $KMNO airdrop announcement.

The feedback has shown that we need to maintain this transparency and be explicit on how we plan to reward early users who have taken longevity risk throughout the bear market.

To be clear: this was already part of the KMNO plan, as was alluded to in our announcement as well. However, the need for clarity is evident and absolutely understandable.

OGs, we have not forgotten you.

Over the next two weeks, we will reveal more about the KMNO drop, and we’ll be addressing 2 community concerns:

- OG Drop: Rewarding the users who have used Kamino the longest
- Points Adjustment: Limiting the “dilution-effect” from new inflows

OG Drop: An allocation of KMNO will be airdropped to OG users. This will be in addition to the 7% Community Allocation. More details to follow soon.

Points Adjustments: Starting tomorrow, the points system will be subject to some major adjustments. See the next tweet for the full breakdown.

Throughout the bear, we chose to stay and keep building - because we believed in what we as a Solana community were building. We have no interest in letting our community, nor the greater Solana community down.

We are here to grow the pie, raise the tide, and get Solana to where it belongs: #1

The vision is to build real and lasting DeFi infrastructure - and we wouldn’t want to be doing it anywhere else.

Thank you, Solana

Kamino

[Kamino @kamino]

Starting tomorrow, the following points changes will be implemented system-wide on Kamino:

SOL Positions

Multiply:

Users earn 3x Boost on Net Value - Combined Supply and Borrow boosts no longer apply

Any SOL-LST or LST-SOL Loans:

As with Multiply, depositors will earn 3x on net difference between the SOL/LST supplied and SOL/LST borrowed - Combined Supply and Borrow boosts no longer apply

Default Points

All Supply and Borrow Boosts are now reset to 1x, with the following exceptions:

Main Market:

$SOL Supply in Main Market - 5x Boost
$USDH Supply in Main Market - 5x Boost

JLP Market:

$JLP Supply - 2x Boost
$USDC Supply - 3x Boost
$USDC Borrow - 2x Boost

Join us in Telegram if you have any questions: https://t.co/McCG9cUbRo

[Kamino @kamino]

Revised JLP Market Boosts:

$JLP Supply - 1x Boost
$USDC Supply - 3x Boost
$USDC Borrow - 5x Boost