Kamino Finance Airdrop Guide

Navigating the site

First visit the website and connect your Solana wallet. There are now many simply ways to get points such as providing liquidity to a trading pair or long and short a market. These are straight forward but not the best method to get points. For that we need to navigate to the Borrow / Lend.

Understanding Points Boost

The average points boost on Kamino Finance can significantly vary, with some achieving up to 16x. By following this strategy, you can rank up quickly, even with a modest amount of capital, by leveraging the multipliers provided for lending and borrowing specific assets

Lending and Borrowing Strategy

Kamino Finance is a top 3 DEFI protocol on Solana and has an airdrop coming up extremely soon, but it’s not too late to get involved and learn about it. Having raised over $10 million dollar and constantly adapting with their linear airdrop announcement, then pivoting to a larger allocation for the OGs and now a content creation reward system. I don’t think I’ve seen a more innovative approach while listening to community feedback.

Kamino Finance combines lending, liquidity provision, and leverage in a user-friendly suite and we have found a strategy to maximize points by lending SOL for a 5x multiplier and borrow stablecoins (like USDC, USDT, or USDH) against it to get a 5x multiplier for borrowing these assets. This optimizes your points boost while managing the assets in your portfolio.

Executing Transactions:

Supplying SOL: Start by supplying SOL to the platform, choosing the amount you wish to deposit, and confirming the transaction. This step is crucial for starting the process to boost your point.

Borrowing Stablecoins: After supplying SOL, borrow one of the boosted stablecoins (USDC, USDT, or USDH) against your SOL deposit. This increases your multiplier and points boost.

Managing Risks

Pay attention to the Loan-to-Value (LTV) ratio to avoid reaching the liquidation point. Keeping the LTV below 50% is advisable to mitigate risks associated with price volatility in the Solana market

Looping Strategy

Increase your collateral by swapping borrowed stablecoins back into SOL and repeating the lending and borrowing process. This “looping” strategy enhances your points boost further. Be cautious with how many loops you perform, considering the increasing risk with each iteration

Net APY and Carrying Costs

Consider the net APY as the carrying cost for maintaining your position on the platform. This cost represents the difference between the APY for lending and the APY for borrowing. It’s the price paid to farm the airdrop, and a negative net APY indicates the need to manage your assets carefully to cover interest payments when unwinding positions

(NEW) $KMNO Content Program

Earn $KMNO by writing, talking, or memeing about Kamino. Simply submit up to 5 pieces of content at a time to https://t.co/OKTEAmqC87. This is running until the 31st of March so only a week from now and as it is the newest airdrop qualifier I would be going after this now, especially if you missed farming. I suggest writing educational information about the platform such as this article or if you have the ability I would highly recommend memes and TikTok content around the platform. If you can get any of these to even go semi viral you are in with a good opportunity to receive something all for free.