Kamino Finance KMNO on Solana Guide

If you're seeking the best DeFi lending and liquidity options on Solana, Kamino Finance with its KMNO token stands out among competitors for its automated vaults and high capital efficiency. This guide compares Kamino against top Solana protocols like Marginfi, Solend, and others, focusing on lending rates, liquidity tools, and yield strategies to help you pick the optimal platform. Rates and TVL reflect current market conditions as of late 2025.

Kamino Finance leads Solana DeFi with over $2.4 billion TVL, blending lending via K Lend and automated concentrated liquidity vaults into one dashboard. Users deposit assets into Multiply Vaults for up to 5x leveraged exposure or Long/Short Vaults for directional bets, all with one click setup. KMNO token holders access fee discounts and governance while earning from protocol revenue shares.

Elevation Mode pushes loan to value ratios to 95% for SOL pairs, letting you borrow nearly the full value of collateral like LSTs. Vaults auto compound yields and rebalance to cut impermanent loss, pulling in $836 million+ just in liquidity products. Recent V2 adds modular markets for RWAs like Apollo's ACRED fund.

• One click leverage beats manual looping on rivals.
• TVL dominance signals liquidity depth.
• Auto deleveraging protects in downturns.
• KMNO staking yields extra protocol fees.
• DIY Vault Creator suits power users.

Start with small deposits in Automated Liquidity Vaults to test; watch LTV closely in volatile markets as liquidation thresholds tighten above 85%.

Marginfi for High Volume Solana Lending

Borrow rates: Hover at 3-8% for majors like SOL and USDC, with supply APYs from 1-5% based on utilization. Marginfi's real time risk engine scans 350k+ wallets for instant approvals.

Pro Borrower dashboard tracks LTV history and simulates deleverage scenarios. It handles over $1 billion cumulative debt, partnering with Jito for boosted staking yields in loops.

• MEV protection on swaps.
• Fastest execution under 1 second.
• No isolated pools needed.
• Higher rates during peaks.

Enable notifications for LTV drifts; pair with Drift for perps to hedge borrows.

Solend's Isolated Pools on Solana

Solend keeps things simple with isolated lending pools capping exposure per asset, charging 0.8-3% borrow rates alongside 4-10% supply yields. Total TVL sits around $500 million, favoring conservative strategies.

• Custom pool creation for niches.
• Lower liquidation risks per pool.
• Flash loan support at 0.3%.
• Steady yields on stables.
• Less automation than Kamino.

Ideal for lending blue chips; avoid during high congestion as tx costs spike to $0.01+.

Hubble Protocol Stablecoin Specialist

How low can rates go? Hubble offers 2-4% on USDC borrows with 5% supply, focusing on stablecoin pairs to minimize volatility. It processes efficient peer to pool matches on Solana's speed.

Built from Hubble roots, it integrates with LSTs for collateral, drawing $300 million TVL in stable yields. No leverage bells, just reliable lending.

• Transparent rate curves.
• Low min deposit: $10 USDC.
• Staking rewards up to 7% APY.

Use for parking stables; monitor utilization as it hits 80% for rate jumps.

Jet Protocol Permissionless Markets

Jet shines for custom assets with 1.5% flat borrow fees plus variable interest around 2-5%. Permissionless market launches let anyone add collateral types instantly.

• Unlimited vault configs.
• Collateral yield rehypothecation.
• Limit orders for leverage targets.
• Automation like auto repay.
• Nascent TVL under $100M.

Test with exotics; set stop losses as liquidity thins out fast.

Tulip Protocol Yield Aggregators

Tulip auto farms across pools with 6-12% APY vaults and 0-1% entry fees. It aggregates Solana DEXs for optimal routing, holding $200 million TVL in passive strategies.

No direct lending, but vaults loop positions safely up to 2x. Focuses on auto compounding without CLMM complexity.

• One token deposits.
• Harvest fees under 0.5%.
• Multi asset support.

Great for hands off; withdraw during low yield phases to chase elsewhere.

Save Finance with Flash Loans

Flash fee: Just 0.3% per instant borrow, paired with 2-6% standard lending rates. Save targets arbitrageurs needing quick capital on Solana.

TVL around $150 million, with integrated swaps for execution. Lower leverage caps at 3x keep risks contained.

Batch multiple loans in one tx for $0.0005 costs. Pairs well with Raydium for arb ops.

• Zero collateral for flashes.
• High speed confirms.
• Stablecoin heavy.
• Limited asset variety.

Drift Protocol for Perps and Lending

Drift fuses perps with lending at 0.1% funding rates and 4-7% borrows. TVL exceeds $400 million, enabling cross margin across spot and futures.

One click loops amplify perp positions up to 20x. MEV resistant orderbook adds precision.

• Deep liquidity for majors.
• Insurance fund backing.
• Sub second fills.
• Higher risk on leverage.

Hedge lending borrows with shorts; cap at 10x for beginners.

Raydium CLMM for Pure Liquidity

Raydium's concentrated pools earn 5-15% LP yields from 0.25% swap fees, no lending layer. TVL tops $1 billion as Solana's top DEX.

Manual range setting demands attention, but fees flow directly to LPs. Integrates with Kamino for automation boosts.

Active ranges near $180 SOL price capture most volume. Impermanent loss hits 10-20% in swings.

• Highest fee capture.
• Wide pair selection.
• No borrow options.

Flash Loan Pools Across Solana

Generic flash loans charge 0.09% flat, executable in one block for arb or liquidations. No TVL lockup, pure utility tool.

• Instant access to millions.
• Works on any DEX.
• Callback risks if code fails.
• Dev required for custom use.

Code audits essential; simulate on devnet first.

Understanding Kamino KMNO in Solana DeFi

Kamino Finance automates CLMMs on Solana, where liquidity concentrates in active price ranges for better yields than uniform AMMs. K Lend's peer to pool model matches lenders to borrowers efficiently, with polylined rates adapting to demand-often 1-3% base.

• CLMM boosts efficiency 5-10x over v1 AMMs.
• kTokens as collateral enable loops without yield loss.
• TVL over $2.4B dwarfs most rivals.
• KMNO fixed supply caps dilution.

Impermanent loss shrinks via auto rebalancing; eMode at 95% LTV suits correlated assets like SOL/LSTs.

Concepts in Solana Lending and Liquidity

Lending on Solana uses overcollateralized loans: deposit $150 SOL to borrow $100 USDC at 60% LTV, liquidated if it drops to 70%. Leverage multiplies this via loops-borrow, swap, redeposit-for amplified yields or losses.

• Utilization rate over 80% hikes borrows to 5%+.
• Auto deleverage sells overexposed positions gradually.
• RWAs like ACRED add real credit exposure.

Concentrated liquidity targets trades within 5-10% price bands, earning 10x fees versus full range pools.

How to Choose and Use Solana DeFi Platforms

1. Check TVL first-Kamino's $2.4B ensures deep liquidity; under $100M risks slippage.
2. Compare borrow APRs live: Kamino 0.5-2% edges Marginfi's 3-8% for long holds.
3. Test with $100 deposits; monitor via Dune dashboards for real time utilization.
4. Enable eMode on Kamino for 95% LTV on SOL, but set alerts at 80%.
5. Stake KMNO for 5-10% extra rewards plus fee shares from $200M+ volume days.
6. Loop in Multiply Vaults: Deposit LSTs, borrow stables, redeposit for 2-5x yield boost.
7. Use DIY Vaults on Kamino for custom ranges; start narrow for high volume pairs like SOL USDC.
8. Hedge with Drift shorts if leveraging longs over 3x.
9. Withdraw yields weekly to stables during rate peaks above 10%.
10. Audit wallet pre tx; Solana's speed hides fee spikes to $0.01 in congestion.
11. Vote KMNO governance for V2 features like modular RWAs.
12. Simulate liquidations: At 2% daily drop, 80% LTV triggers margin calls.