Building the next generation of credit infrastructure on Solana. NFA. Join us: jobs.ashbyhq.com/kamino
- Tweets 5,575
- Following 661
- Followers 158,417
- Likes 19,376
AUTO, the first Fixed Rate Market on @kamino, has been flying.
Borrowers fund at known cost. Issuers match terms to their asset. Lenders pick their rate, or let a Kamino Vault do it for them.
The structure institutions plan around, open to any wallet.
Kamino Fixed Rates brings the financing terms institutions rely on to tokenized assets.
The AUTO Market grew from $10M to $135M in three weeks, with over $40M in fixed-rate borrowing in the first two weeks.
This is just the beginning for fixed-rate credit on Solana.
businesswire.com/news/home/2…
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Kamino Fixed Rates brings the financing terms institutions rely on to tokenized assets.
The AUTO Market grew from $10M to $135M in three weeks, with over $40M in fixed-rate borrowing in the first two weeks.
This is just the beginning for fixed-rate credit on Solana.
businesswire.com/news/home/2…
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Kamino retweeted
Although AUTO fixed rate debt has 1 month rolling term, if a lender were to exit in size, the expected duration would be much less than that.
One of the more interesting properties of Kamino’s Fixed Rates design is continuous expiry, as opposed to standardised maturities - so the expiry dates should be roughly uniform.
Combine that inside a vault with variable rate allocation and you get the best of both worlds: term premium for the yield and good liquidity for exit.
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Still looping?
Auto-Rollover keeps your Fixed Rate Multiply position running.
Only on Kamino.
day 1 AUTO/wYLDS loopers, your loans are already starting to roll over.
here's how Auto-Rollover works:
> you initially borrow at a fixed rate for 30 days.
> after 27 days, your position enters the rollover window.
> @kamino automatically tries to refinance your loan into a new 30-day term at the same fixed rate.
> your Multiply position stays open. no need to close, repay, or reopen anything.
what if there's not enough liquidity?
@kamino first looks for another compatible fixed-rate reserve. if none is available, your loan can switch to a variable rate if you've opted in.
if neither works, Auto-Repay gradually sells collateral to repay your debt after maturity.
> but good news: there's enough liquidity for pretty much every existing AUTO/wYLDS Multiply loan to roll over automatically.
(and no, this isn't intern's wallet.)
this whale just secured another 30 days of looping at a 5.30% fixed borrow cost.
the future of finance looks pretty good, huh?
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Kamino retweeted
day 1 AUTO/wYLDS loopers, your loans are already starting to roll over.
here's how Auto-Rollover works:
> you initially borrow at a fixed rate for 30 days.
> after 27 days, your position enters the rollover window.
> @kamino automatically tries to refinance your loan into a new 30-day term at the same fixed rate.
> your Multiply position stays open. no need to close, repay, or reopen anything.
what if there's not enough liquidity?
@kamino first looks for another compatible fixed-rate reserve. if none is available, your loan can switch to a variable rate if you've opted in.
if neither works, Auto-Repay gradually sells collateral to repay your debt after maturity.
> but good news: there's enough liquidity for pretty much every existing AUTO/wYLDS Multiply loan to roll over automatically.
(and no, this isn't intern's wallet.)
this whale just secured another 30 days of looping at a 5.30% fixed borrow cost.
the future of finance looks pretty good, huh?
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Kamino retweeted
Announcing the @Kamino bug bounty on Sherlock.
Kamino is core infrastructure for @Solana DeFi: auto-rebalancing LP vaults, yield-bearing kToken collateral and leveraged positions opened in one atomic transaction.
Up to $1M for eligible smart contract vulnerability findings. 👇
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Kamino retweeted
What is a carry trade?
A carry trade borrows as asset with a lower rate against a higher yielding asset, and earns the spread between the two.
@onrefinance’s ONyc earns from reinsurance premiums, a real-world yield that sits above the cost of borrowing USDC
Multiply loops that position in one transaction up to 2.9x, so every loop adds to the spread on top of ONyc's base yield.
Here’s how it works
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Kamino retweeted
An additional $8.5M in liquidity has been added to the ONyc/USDC Multiply Vault.
More capacity to multiply your ONyc and earn up to 18.67% APY.
First come, first earn.
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Access Kamino Earn vaults here:
kamino.com/earn/lend
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Kamino retweeted
Borrow at 8%, earn 11%.
That trade is live on Kamino today. CEO @WeiszM wants to offer a version of it against Blackstone and BlackRock LP stakes at 5% or 6%.
The numbers:
"I'm willing to lend it to you at 5% or 6%, and it's earning over 10%. That's a pretty good trade for you."
@WeiszM on the trade wealth clients can't make today: borrowing against Blackstone and BlackRock LP stakes.
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Another big week for Kamino:
▫️ Fixed Rates surpassed $55M in active loans, making Kamino the fastest-growing fixed-rate lending protocol
▫️ Confidential SOL Yield launched on @NEARProtocol powered by a Gauntlet-curated Kamino Vault
▫️ AUTO Market crossed $150M in total market size
▫️ Tokenized equity supply on Kamino surpassed $50M
▫️ @upshift_fi Gamma USDC Vault launched on @solana, powered by Kamino markets
▫️ Expanded our U.S. institutional presence with two senior leadership hires and 10 new job postings
Credit markets are scaling, yield opportunities are expanding, and Kamino is just getting started.
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Kamino retweeted
one of the best defi platforms on @solana just posted 10 new job openings
marketing, engineering, bd, legal, ops, product
this is your sign to join the top tier crew building on the frontier of finance
looks like @kamino is scaling.
10 new job openings to join the top-tier team building the future of finance on @solana.
across marketing, engineering, BD, legal, operations, and product.
jobs.ashbyhq.com/kamino/
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Kamino retweeted
Generational opportunities 🙌
Come build the future of onchain finance with Kamino.
We’re hiring across engineering, product, business development, marketing, legal, and operations.
Explore open positions: jobs.ashbyhq.com/kamino
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Few.
If you do just one thing this weekend, go listen to @WeiszM's discussion with @JasonYanowitz
41 minutes of pure, unadulterated market wisdom from our new CEO - link in next tweet
"I'm willing to lend it to you at 5% or 6%, and it's earning over 10%. That's a pretty good trade for you."
@WeiszM on the trade wealth clients can't make today: borrowing against Blackstone and BlackRock LP stakes.
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NEW POD
We cover:
– Why @kamino wants to be invisible
– Tokenization is useless w/o credit
– Why Goldman won't lend on private assets
– Why venture can't be collateral (yet)
– Why the CEO's upside is all solana:KMNo3nJsBXfcpJTVhZcXLW7RmTwTt4GVFE7suUBo9sS
@WeiszM @JasonYanowitz
TIMESTAMPS:
00:00 Intro
00:54 Why Leave Fintech For Crypto?
05:43 Why Join Kamino?
10:01 Kamino’s Vision For Onchain Finance
14:06 Who Owns The Customer Relationship?
17:13 Bringing Institutions Onchain: Four Pillars
23:34 Why Private Assets Need Onchain Credit
27:23 Which Assets Make Good Collateral?
33:27 Can DeFi Attract Top Asset Managers?
39:18 Running Kamino Like A Public Company
43:28 How Do Collateral And Liquidations Work?
46:45 Why Choose Tokens Over Equity?
50:05 Building Kamino’s Team
52:49 Final Thoughts
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Kamino retweeted
looks like @kamino is scaling.
10 new job openings to join the top-tier team building the future of finance on @solana.
across marketing, engineering, BD, legal, operations, and product.
jobs.ashbyhq.com/kamino/
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Kamino retweeted
We're hiring
Only people smarter than me
Roles below 👇
Come build the future of onchain finance with Kamino.
We’re hiring across engineering, product, business development, marketing, legal, and operations.
Explore open positions: jobs.ashbyhq.com/kamino
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Come build the future of onchain finance with Kamino.
We’re hiring across engineering, product, business development, marketing, legal, and operations.
Explore open positions: jobs.ashbyhq.com/kamino
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