What it is
Kamino is the deepest money market on Solana: supply and borrow SOL, stables, LSTs, xStocks and other real-world assets. Multiply automates leveraged loops, Fixed Rates locks your borrowing cost, and Liquidity vaults manage LP ranges for you.
What you can do
LendMain and isolated markets for SOL, stables, LSTs and RWAs.
Earn vaultsSingle-asset vaults run by named curators.
MultiplyOne-click leveraged loops, up to about 10x on correlated pairs.
Fixed RatesBorrow for 1, 3, 6 or 12 months at a fixed rate, since Sep 21, 2026.
LiquidityAutomated concentrated liquidity on Orca, Raydium and Meteora.
How to get started
- Open kamino.com and connect.
- To earn, supply USDC or SOL in the main market or an Earn vault.
- To borrow, supply collateral first, then borrow well below the limit.
- Watch your LTV and set alerts.
Fees
Borrowers pay a variable or fixed rate; lenders earn it minus a protocol share. Vaults may charge management or performance fees.
Risks to know
- Liquidation if collateral falls.
- Curator and oracle risk in vaults and isolated markets.
- RWA markets depend on off-chain issuers.
- Smart contracts can have bugs. Only deposit what you can afford to lose, and check you're on kamino.com before connecting.
Recent updates
NEAR launched a confidential SOL yield vault curated by Gauntlet.
Fixed Rates went live.
Michael Weisz named CEO.
Numbers from DefiLlama, snapshot Oct 18, 2026. Facts checked Oct 19, 2026. This page is educational, not financial advice.
