Kamino Finance — Program ID & Overview
KLend2g3cP87ber41GXMCuTKxkHVjT7rS7KcjEidXa5 Kamino Finance is a DeFi protocol on Solana offering lending/borrowing (Kamino Lend), automated liquidity management (Kamino Liquidity), and leveraged yield strategies (Multiply). It is one of the largest lending protocols on Solana by TVL.
Program IDs
| Component | Program ID |
|---|---|
| Kamino Lend | KLend2g3cP87ber41GXMCuTKxkHVjT7rS7KcjEidXa5 |
| Kamino Liquidity | 6LtLpnUFNByNXLyCoK9wA2MykKAmQNZKBdY8s47dehDc |
Kamino Lend
Kamino Lend is a lending/borrowing protocol where users deposit assets to earn yield or borrow against their collateral.
Key concepts
| Concept | Description |
|---|---|
| Market | A lending market with its own risk parameters |
| Reserve | A specific asset within a market (SOL, USDC, etc.) |
| Obligation | A user’s position: deposits (collateral) and borrows |
| LTV | Loan-to-value ratio determining borrow capacity |
| Liquidation | Automated collateral seizure when LTV exceeds threshold |
Lending instructions
| Instruction | Description |
|---|---|
InitObligation | Creates a user obligation account |
Deposit | Deposits collateral into a reserve |
Borrow | Borrows against deposited collateral |
Repay | Repays borrowed amount |
Withdraw | Withdraws deposited collateral |
Liquidate | Liquidates an unhealthy obligation |
Kamino Liquidity
Kamino Liquidity automates concentrated liquidity positions on Orca Whirlpools and Raydium CLMM. Vaults automatically rebalance positions when prices move outside the target range.
How vaults work
- User deposits tokens into a Kamino vault.
- Vault opens a concentrated liquidity position on Orca or Raydium.
- Vault automatically rebalances when the price moves outside the range.
- Trading fees are auto-compounded into the position.
FAQ
How is Kamino different from other lending protocols? Kamino combines lending with automated liquidity management. Users can earn lending yield and use LP tokens as collateral. The Multiply feature provides leveraged yield strategies in a single transaction.
What is the liquidation threshold? Liquidation thresholds vary by asset. Major assets like SOL and USDC have higher LTV limits. When a user’s borrow value exceeds their collateral value times the liquidation threshold, their position can be liquidated.
Can I use Kamino LP tokens as collateral? Yes. Kamino allows certain LP vault tokens to be used as collateral in Kamino Lend, creating leveraged yield strategies.
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