Kamino is a Solana DeFi application that combines lending and borrowing, managed Earn vaults, leveraged Multiply positions, automated concentrated-liquidity vaults, token swaps and limit orders. Its Portfolio view brings together positions, net value, rewards and transaction history for the connected wallet.
What you can do with Kamino
- Earn: deposit one supported token into a curator-managed vault that allocates capital across Kamino lending reserves.
- Borrow: supply assets, use eligible deposits as collateral and borrow through variable- or fixed-rate products.
- Multiply: open and manage leveraged positions through borrowing and swaps completed in an atomic transaction.
- Liquidity: use vaults that automate token ratios, fee reinvestment and range rebalancing for concentrated-liquidity positions.
- Swap: route market swaps across external venues or place limit orders at a specified rate.
Kamino also documents Institutional Yield products with separate structures, agreements and risk disclosures. Their availability and requirements may differ from the protocol’s standard onchain lending markets.
Quick decision
- Useful for: Solana users who want to manage lending, borrowing, leveraged positions, automated liquidity or swaps from one interface.
- Less suited to: users seeking non-Solana execution, guaranteed returns, principal protection or products without smart-contract, curator or liquidation risk.
- Account required: no separate user account is documented for the standard application.
- Wallet required: yes. A compatible Solana wallet, the assets required for the selected action and enough SOL for network fees are needed.
- Main limits: rates, caps and vault allocations can change; withdrawals can depend on reserve liquidity; leveraged and borrowed positions can be liquidated; fees vary by product or curator; and some services are unavailable in restricted jurisdictions.
Review the live market, vault or transaction parameters before signing, because static rates and limits can become outdated.