Unify Lending, Liquidity & Leverage on Solana

Kamino Finance is an open-source lending and liquidity protocol built on Solana. It unifies borrowing, earning, multiplying positions, and liquidity provision into a single, secure platform with transparent analytics, detailed performance data, and extensive position info. Available at finance-kamino.org.

Connect your Solana wallet (Phantom, Solflare, Backpack, or Ledger), navigate to the Borrow section, choose a market (such as the SOL/BTC Market or Ethena Market), supply your collateral, and borrow against it. Each market displays live APY rates, liquidation LTV thresholds, and total supply data so you can manage risk transparently.

Borrow APY on Kamino Finance varies by market and asset. The Ethena Market offers rates from 0.01% to 2.36% APY. The SOL/BTC Market starts from 5.61% APY. Rates are dynamic and adjust based on utilization — when more of the supply is borrowed, rates increase, and vice versa.

Yes. Kamino Finance has been audited by multiple independent security firms including OtterSec, Offside Labs, Sec3, and Halborn. The protocol is fully open source, non-custodial, and has handled over $2.26 billion in market size with zero security incidents. All program logic is verifiable on-chain.

Kamino Finance supports all major Solana wallets including Phantom, Solflare, Backpack, Glow, Coin98, Trust Wallet, Ledger hardware wallet, and any wallet compatible with the Solana Wallet Adapter standard. Mobile users can connect via compatible mobile wallet browsers.

Multiply lets you loop your position in one click. For example, you can boost STRCx yield with USDC Multiply up to 2x, achieving APY up to 17.69%. The protocol automates the borrow-supply loop for maximum capital efficiency — no manual iteration needed.

Kamino Finance offers 29 markets across multiple asset categories: SOL, xStocks (+8), BTC (+2), LSTs (+23), RWA (+9), and Memes (+8). Major markets include the SOL/BTC Market ($874M), Ethena Market ($522M), JLP Market, and more. Each market has dedicated collateral and debt configurations with tailored risk parameters.

Kamino's Earn feature lets you supply assets to lending markets and earn Supply APY. Rates are displayed transparently — for example, USDe earns 4.00% APY and PYUSD earns 1.97% APY. Yield accrues automatically with no lockup required — you can withdraw your supplied assets at any time.

Liquidation LTV (Loan-to-Value) is the threshold at which your borrowed position may be liquidated. Each asset has its own Liq LTV — for example, USDe has 94% and PYUSD has 90%. Keeping your position's LTV below this threshold protects you from liquidation. Kamino displays this metric clearly for every asset.

Kamino's liquidity feature automates concentrated liquidity management. You deposit assets into vaults that are managed by automated strategies, which rebalance positions for optimal yield. This removes the complexity of manual range management and fee compounding — the protocol handles everything.

Kamino Finance supports a wide range of Solana tokens including SOL, USDC, USDT, USDe, PYUSD, JUP, JLP, wBTC, wETH, BONK, and hundreds more. The platform lists 400+ assets across lending, liquidity, and multiply functions. New assets are added based on market demand and risk assessment.

Kamino Finance has a total market size of over $2.26 billion with active borrows of $923 million across 29 markets. These figures reflect the protocol's deep liquidity and widespread user trust as one of the largest protocols on Solana.

Yes. Kamino Finance is fully responsive and works in any mobile browser. For the best experience, use Phantom or Solflare's built-in browser on iOS or Android. All features — borrow, earn, multiply, liquidity, portfolio — work seamlessly on mobile devices.

Kamino's Portfolio section provides a comprehensive dashboard of all your positions — supply, borrow, multiply, and liquidity. It includes detailed performance analytics, profit/loss tracking, real-time position health monitoring, and historical data. Connect your wallet to view your full portfolio at a glance.

xStocks are tokenized representations of traditional equities that can be used as collateral or for earning yield on Kamino Finance. The platform supports 8+ xStock assets across its lending markets, allowing users to access traditional markets within the Solana ecosystem.

RWA (Real World Assets) are tokenized versions of real-world financial instruments. Kamino supports 9+ RWA tokens across its markets, allowing users to borrow against, supply, and earn yield on these assets alongside native Solana assets.

Yes. Kamino Finance is fully open source. All program code is publicly available on GitHub and has been audited by multiple independent security firms. The protocol operates with transparent, verifiable logic that anyone can review and build upon.

Kamino's Swap feature lets you exchange tokens directly on Solana with optimized routing for best execution prices. The interface supports all major Solana tokens with transparent fee display, slippage controls, and route visualization showing exactly how your trade is executed.

Supply APY is the yield you earn for depositing assets into Kamino lending markets. Borrow APY is the rate you pay when borrowing assets against your collateral. Both rates are variable and determined dynamically by market utilization — as more supply is borrowed, rates adjust accordingly.

Full documentation is available through the Docs link in the Kamino Finance navigation bar. It covers all protocol features including borrowing, lending, multiply strategies, liquidity provision, portfolio management, risk parameters, and technical architecture.