Kamino
Website: https://app.kamino.finance/
Airdrop: Still to Comes
Kamino Finance is a Solana DeFi protocol that integrates lending, liquidity provision, and leverage into a comprehensive suite of DeFi products. Users can borrow and lend various crypto assets, leverage SOL staking yield, provide leveraged liquidity to DEXs, and earn automated market-making yields. The platform allows users to deploy any Solana assets for yield, including SOL, USDC, JUP, JLP, JitoSOL, and more. Kamino's product suite offers transparent analytics, detailed performance data, and extensive position information.
Market Making with Kamino
Kamino provides a utility for market makers to offer concentrated liquidity in an automated and optimized manner. Each Kamino vault aims to reduce barriers to entry for market making but does not guarantee market state changes or ensure positions are "up-only." The platform rebalances positions by swapping BONK for SOL if the position rises out of range, converting impermanent loss into realized loss. Market makers using Kamino should be cautious during volatility as negative results may occur if fees collected do not exceed position changes.
Kamino Tokenomics and Growth
Kamino's TVL has surged past $25 million, with over 11,000 unique addresses onboarded. The protocol ranks as the third-largest lending protocol on Solana by TVL. Kamino has experienced significant growth in daily active users and new user onboarding. The platform is well-integrated within the ecosystem, with less than 2% of users being dedicated users. Kamino's analytics dashboard indicates a rising trajectory for the protocol, potentially introducing its token and conducting airdrops for early users.
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