# How to Use Kamino Finance on Solana: Lending and Multiply Guide

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**Publisher:** Decentralized Finance Publication
**Difficulty:** Intermediate · **Read time:** 11 min read

## Summary

To use Kamino on Solana: connect a Solana wallet (Phantom, Backpack) at app.kamino.finance, choose Kamino Lend to supply assets (SOL, USDC, JitoSOL) for yield or borrow against collateral, or use Multiply for one-click leveraged staking loops. kTokens from Kamino Liquidity can be used as collateral in Kamino Lend for capital-efficient strategies.

## Kamino products overview

Kamino has three main products: Kamino Lend (lending and borrowing), Kamino Liquidity (automated CLMM management on Orca and Raydium), and Kamino Multiply (leveraged yield loops). Most beginners start with Kamino Lend — the Solana equivalent of supplying to Aave.

## Step-by-step: Supplying on Kamino Lend

### Step 1: Connect your Solana wallet

Visit app.kamino.finance and connect Phantom, Backpack, or Solflare. Ensure you have SOL for transaction fees (keep ~0.05 SOL minimum).

### Step 2: Select Kamino Lend

Navigate to the Lend section. Browse available markets — USDC, SOL, JitoSOL, mSOL, and other major Solana assets.

### Step 3: Choose supply or borrow

Supply: deposit assets to earn lending yield. Borrow: post collateral first, then draw a loan against it. Review APY, LTV, and liquidation thresholds.

### Step 4: Deposit and confirm

Enter amount, approve the transaction in your wallet, and confirm. You receive receipt tokens representing your position. Monitor health factor if borrowing.

### Step 5: Withdraw when ready

Return to your position and click Withdraw. Ensure sufficient liquidity in the market — large withdrawals may have slight delay during high utilisation.

## Kamino Multiply — leveraged yield in one click

Multiply automates recursive lending: deposit JitoSOL, borrow SOL, swap to more JitoSOL, re-supply — amplifying the staking yield spread. Kamino handles the loop in a single transaction. Risk: liquidation if collateral value falls. Start with low leverage (2–3×) until you understand the mechanics.
## FAQ

**Q: Is Kamino the Aave of Solana?**

Kamino Lend is the closest equivalent — a pooled lending market for Solana assets. Kamino also offers products beyond lending (automated LP, Multiply) that Aave does not.

**Q: What wallet do I need for Kamino?**

Any Solana wallet — Phantom, Backpack, and Solflare are the most common. You need SOL for gas fees on each transaction.

**Q: What are kTokens?**

kTokens are receipt tokens from Kamino Liquidity LP positions. They represent your share in an automated concentrated liquidity strategy and can be used as collateral in Kamino Lend.

**Q: Kamino vs Aave?**

Aave is the Ethereum ecosystem leader with broader asset coverage and multi-chain deployment. Kamino is Solana-native with faster transactions and unique Multiply/CLMM products.

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