It's that time again where even buying a pile of shit can make money. Mainly because yesterday's 10% surge in ETH has made people forget about BTC's ambition to hit 100K. Is this time different? Solana is in a consolidation phase after reaching new highs, and it is expected to challenge the 280-300 range, which is worth noting. I came across a SOL ecosystem project, let me briefly talk about -#KMNO @KaminoFinance

Kamino is an automated liquidity solution based on the concentrated liquidity market maker (CLMM) mechanism. Liquidity providers (LP) seeking to improve capital efficiency can use Kamino's automated market-making vault to enhance expected yields and returns. Kamino is incubated by Hubble Protocol. Simply put, it's still a DeFi project; it's worth mentioning that the developer Hubble previously had a project focused on stablecoin protocols, raising a total of 18.6 million USD, and now #HBB has a market cap of only 4.5 million, a significant loss. However, the KMNO they incubated has allowed investors to recoup their losses, which can be said to be a significant profit again.

I looked at the official website; the lending and pools on SOL are fairly standard, but there are two uniquely designed products that are definitely worth researching and trying - Multiply + Long/Short. Multiply is similar to a revolving loan, maximizing returns and minimizing risks through a unique liquidation mechanism. The product is designed to be one-click, providing a very good experience. Taking the newly opened JitoSOL pool as an example, this strategy continuously borrows SOL, exchanges it for JitoSOL, and then collateralizes to borrow SOL again, continuously cycling based on leverage. Up to 10x, annualized 28%, which is a significant increase compared to the staking APY of 8%.

According to DefiLlama data, Kamino currently has a TVL of 2.3 billion, ranking in the top three of the Solana ecosystem. Recently, SOL has performed well, and TVL has risen accordingly!

$KMNO token situation, total issuance of 10 billion, currently a market cap of 180 million, FDV of 1.3 billion, which I personally feel is severely undervalued compared to JTO and JUP, interested friends can try to position themselves! (Available on Bybit)

New coins have risks, profits are to be taken at one's own risk. #DYOR