Kamino

Kamino (KMNO) is a DeFi protocol designed to simplify on-chain liquidity provision and yield generation through auto-compounding and concentrated liquidity strategies. It primarily operates on the Solana blockchain and aims to unify lending, liquidity, and leverage into a single product suite. Kamino Finance employs innovative strategies like automated liquidity vaults, which were its first products, allowing users to engage in leveraged liquidity provision using kTokens as collateral in its lending platform, K-Lend​​​.

Kamino's platform facilitates a range of financial strategies within the DeFi space. Users can borrow and lend assets, employ leveraged liquidity to concentrated liquidity DEXs, and create automated liquidity strategies. The system issues kTokens to users when they deposit into liquidity vaults, representing yield-bearing LP tokens. These kTokens can then be used within the platform for various DeFi strategies, such as leveraged or delta-neutral liquidity provision.