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
- 01
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).
- 02
Select Kamino Lend
Navigate to the Lend section. Browse available markets — USDC, SOL, JitoSOL, mSOL, and other major Solana assets.
- 03
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.
- 04
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.
- 05
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.
Multiply strategies amplify both yield and liquidation risk. A sharp SOL price drop can liquidate your position even if the underlying staking asset is SOL-correlated.
Frequently asked questions
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.
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.
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.
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.