Kamino Finance partnership with Solend aims to provide consumers with additional value in exchange for providing liquidity on Kamino.

Partnership Highlights

Solend will start taking kTokens from Kamino as collateral for borrowing various crypto assets from the USDH Pool.

Kamino aspires to be the ultimate liquidity destination on Solana, and Solend is helping to make it happen. Users can participate in one of the most intriguing use cases offered by this cooperation by borrowing stablecoins against kTokens on Solend: leveraging liquidity holdings several times on Kamino.

New Assets Added to Solend’s USDH Pool

The USDH Pool has provided highly attractive rates to both borrowers and lenders, and it has risen to the top of the isolated pools in terms of overall supply. The USDH Pool on Solend already housed five main crypto assets for borrowing and lending, and it will soon include kTokens for even more borrowing options.

Along with the first two kTokens, USDC will be put to the pool. This will increase users’ borrowing flexibility as well as their ability to use stablecoin vaults on Kamino that do not manage USDH pairings.

The first kTokens to be added to the USDH Pool are:

• kUSDH-USDC (Orca)
• kUSDC-USDT (Orca)

Users will be able to borrow up to 75% of the value of their kToken deposits, with a liquidation threshold of 85%. Borrowing assets with kTokens as collateral will also incur a 0.1% cost.

How to Leverage Kamino Positions with kTokens on Solend

With such a liberal LTV, incredibly low rates, and kTokens representing underlying holdings in stablecoin liquidity, it’s almost like an invitation to experiment with composability. What’s more, kTokens are yield-bearing assets that appreciate in value over time, making them ideal for use as collateral.

Users may now loop their borrowed USDC back into Kamino and leverage their position thanks to the addition of kTokens on Solend. To enhance exposure to the costs and incentives associated with providing stablecoin liquidity on Kamino.

Here’s an example of how users can use kTokens and Solend to leverage a USDH-USDC position on Kamino:

• Deposit liquidity into the USDH-USDC vault on Kamino.
• Deposit kUSDH-USDCo on Solend.
• Borrow USDC or USDH.
• Repeat Steps 1-3 to increase leverage

Because Kamino’s automated services support single asset deposits, customers don’t even have to divide their borrowed USDC into USDH or vice versa. The same procedure may be used for each stablecoin vault represented by kToken collateral until the maximum caps on Kamino and Solend are achieved.

Kamino and Solend Work Wonders for Liquidity on Solana

Borrowing from Solend with kTokens as collateral, a huge step for Solana’s DeFi composability. They are ecstatic to collaborate with Solend to give users with several options to increase their liquidity on Solana.

Given how quickly the maximum cap limits were achieved when kTokens were added as collateral for borrowing USDH on Hubble Protocol, it would not be shocking if Solend’s limitations were surpass in a similar time frame.

About Solend

Solend is an algorithmic, decentralized protocol for lending and borrowing on Solana. Lending and borrowing have proven themselves to be key in a DeFi ecosystem.

 Website | Twitter

About Kamino

Kamino automatically manages your concentrated liquidity positions. When depositing your tokens, Kamino opens a liquidity pool position on a DEX and does everything for you. Rebalancing, auto-compounding, and finding the optimum range for capturing the most trading fees while avoiding impermanent loss (IL).

Website | Twitter

SOURCE

https://blog.kamino.finance/solend-adds-ktokens-as-collateral-for-borrowing/?utm_source=twitter&utm_medium=article&utm_campaign=blog_internal

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The post Kamino and Solend Partnership to Optimize Liquidity on Solana appeared first on Smart Liquidity Research.

Hubble introduces its first Isolated Vault, enabling Solend yield-bearing cTokens to be deposited as collateral for USDH.

cTokens are yield-bearing tokens that earn interest from lending activities on Solend. Now, they enable users to earn yield while borrowing USDH.

Accepting cTokens as collateral solidifies the partnership between Hubble and Solend. Together, we’re creating new possibilities for users to maximize their yield potential while participating in DeFi on Solana.

Introducing a New, Isolated Borrowing Experience

The cToken Vault ushers in a new Vault-based borrowing system, which will enable Hubble to set up independent borrowing environments with distinct parameters. Ultimately this is aimed at creating a more tailored borrowing experience.

Parameters

The initial parameters of the cToken Vault are as follows:

• LTV: 80%
• Stability Fee: 1%
• Deposit Caps: $1M per token
• Withdrawal Caps: $1M per token every 8 hours

These parameters are, of course, fully adjustable, and we will evaluate them in cooperation with our community to ensure that the borrowing environment remains optimal.

Assets

The cToken Vault will contain a variety of different cTokens, enabling users to deposit any combination of the following assets:

• cSOL
• cmSOL
• cstSOL
• cETH
• cBTC
• cRAY

While deposited, the value of these tokens grows over time. By depositing cTokens, you can theoretically increase your available collateral, without depositing additional tokens.

Maximize Yield on SOL with Liquid Staking and Lending

Solana allows for extreme composability in DeFi due to its high throughput and low fees. Transacting on a secure Layer 1 makes it possible for users to put together a lot of “money Legos” to maximize yield generated on SOL, for example.

For instance, you can stake SOL with a network validator to help secure the network. This earns a predictable yield, but it locks up your tokens for a period of around two days and makes it impossible to do anything else with your SOL while it’s staked.

Another option is depositing your SOL with Marinade or Lido to receive mSOL or stSOL, respectively. These “liquid staked” tokens enable you to participate in DeFi while at the same time earn staking rewards.

Once you turn your SOL into mSOL or stSOL, you can deposit these tokens on Solend to generate even more yield. When you mint cmSOL or cstSOL, you receive a token that earns dual forms of yield: staking yield and lending yield.

Now, you can use this cmSOL and cstSOL to mint USDH, while earning yield all the while!

How you can maximize Earning Potential with cTokens and USDH

Let’s recap the thought experiment and see where our journey through DeFi composability has brought us:

• Started off with USDC
• Swapped USDC for SOL
• Staked SOL for mSOL or stSOL (liquid staking tokens)
• Deposited liquid staking tokens for lending on Solend
• Received cTokens as a receipt

Now, the original long position in SOL is earning two forms of interest from some of the most trusted protocols in the Solana ecosystem, and we’ve yet to get to Hubble!

By depositing cTokens on Hubble, you can then borrow the stablecoin USDH at up to 80% loan-to-value (LTV) against your collateral. We started off with stablecoins, we set up two yield-bearing positions with an asset we want to HODL, and now we have stablecoins at our disposal again!

From this point, you can do anything you want with the amount of USDH you feel comfortable borrowing against your collateral. True composability: Hubble’s USDH and Solend’s cTokens working together for an even greater variety of capital-efficient yield strategies!

About Hubble

Hubble protocol allows users to take interest-free loans against multiple crypto assets. Hubble works with USDH, Hubble’s decentralized stablecoin.

Website | Twitter

About Solend

Solend is an algorithmic, decentralized protocol for lending and borrowing on Solana. Lending and borrowing have proven themselves to be key in a DeFi ecosystem.

 Website | Twitter

SOURCE

https://blog.hubbleprotocol.io/hubble-solend-ctoken-vault/

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The post Hubble Introduces Isolated Solend cTokens Vault appeared first on Smart Liquidity Research.

Whirlpools Rotation #9

• Duration: Thursday August 11th — Thursday August 25th, 2022
• Total Rewards: ORCA rewards for this Rotation will be ~30K ORCA per week, with the distribution across our pools detailed below. All Whirlpools and Aquafarms are now open and rewards will begin on August 11th at ~20:00 UTC.
• Events: The submission form for the Solana Summer Camp Hackathon is now live, with prizes of up to $50,000 for innovators in DeFi. With Orca co-founder Ori and Orca’s head of BizDev Milan judging, we encourage all podmates who want to build in the ocean of DeFi to participate! 🐳

Double-Dip pools

Double-Dip Whirlpools offer LPs two different token rewards plus trading fees.

#1 SLND/USDC from Solend

• Double-Dip duration: August 11th — September 8th 2022
• SLND rewards: ~1,600 SLND per week
• Orca rewards: ~200 ORCA per week

#2 ABR/USDC, acCELO/USDC, afFTM/USDC extended from AllBridge

• Double-Dip duration: August 11th — September 8th 2022
• ABR rewards: 4,600 ABR per week across all pools
• Orca rewards: ~1,600 ORCA per week across all pools

#3 svtOKAY/SOL extended from Solvent

• Double-Dip duration: August 11th — August 25th 2022
• SVT rewards: ~300 SVT per week
• Orca rewards: ~100 ORCA per week

Other fresh Whirlpools…

Whirlpools offer market-savvy LPs the opportunity to compete for higher yields

#4 KI/USDC from Genopets

• Note: the old version of KI is now listed as depKI/USDC, with the newly released version under KI/USDC.

#5 MEAN/SOL from MeanFi

While these Whirlpools receive no additional token rewards, they are highly capital efficient and provide tactical opportunities for Sharks! 🦈

Deepsea Insights

With every Rotation, there’s always something interesting going on in the Orca ecosystem…

This week’s Deepsea Insight comes courtesy of Hubble Protocol and Marinade!

Hubble’s listing of several Whirlpools last Rotation led to some speculation on how much activity the the new pools would attract. Turns out, there’s been plenty of activity taking place under the sea…

Note the difference between volume and liquidity. With the power of Whirlpools, liquidity in the USDH/USDC can facilitate more than seven times as much trading volume! 🌀

Additionally, Marinade recently transitioned their MNDE rewards to a decentralized model where MNDE holders can vote on directing MNDE to incentivize mSOL liquidity across the Solana ecosystem. Some mSOL pools have received outsized votes (mSOL/ETH 😉) — if you’re a member of the Marinade community, you can vote in their upcoming proposal ending tomorrow to direct rewards.

About Solend

Solend an algorithmic, decentralized protocol for lending and borrowing on Solana. Lending and borrowing have proven themselves to be key in a DeFi ecosystem.

Website | Twitter |

About MeanFi

MeanFi a censorship-resistant, user-friendly, self-custody, permissionless & trustless bank bringing everyday banking workflows and real-time finance to crypto and DeFi.

Website | Twitter |

About Genopets

Genopets the world’s first Free-to-Play, Move-to-Earn NFT mobile game that makes it fun and rewarding to live an active lifestyle. A Genopet your digital pet whose evolution and growth is inextricably linked to your own. The steps you take every day power your journey through the Genoverse as you explore, battle, and evolve — earning crypto while you play.

Website | Twitter |

About Orca

Orca the easiest way to exchange cryptocurrency on the Solana blockchain. There, you can exchange tokens with minimal transaction fees and lower latency than any DEX on Ethereum, all while knowing that you’re getting a fair price. Additionally, users may provide liquidity to a trading pool to earn a share of trading fees.

Website | Twitter |

Source

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Partnership Details

Through this partnership between Solend with Snowflake, both platforms are building a first-class multisig experience for Solana. Users can now earn yields on their funds directly from a secure multisig using Snowflake Safe with Solend.

Solend partnerships with Snowflake Network will give its users and teams the ability to earn yields on their funds directly from a secure multisig. Moreover, future integrations for direct deposits and borrowing are in progress.

SnowFlake Background

To begin with, Snowflake is the first multisig platform on Solana directly integrated with Solend. Through their app store, teams will be able to select Solend to deposit funds into the reserve and mint cToken. cTokens are a yield-bearing deposit receipt, which means they are tradeable whilst also earning interest on the underlying token.

Furthermore, this opens the door for a whole new platform for teams and large investors, who are looking to lend and earn interest from their funds on-chain but want to ensure they can do so safely and securely via multisig support.

Integration

In other words, Solend integration through Snowflake Safe is available today on Solana Mainnet. When using the Solend application through Snowflake Safe, you will have the option to mint or redeemt cTokens on Solend. Before you submit the transaction, you will be able to view the changes to total amount of the underlying tokens in the Safe.

Automatic Invest

With Snowflake Safe automation capability, you can set this up in just a few clicks.

About Solend

Solend is an algorithmic, decentralized protocol for lending and borrowing on Solana. Lending and borrowing have proven themselves to be key in a DeFi ecosystem.

 Website | Twitter

About SnowFlake

Snowflake, the first on-chain automation platform built on Solana. Snowflake network empowers developers and end-users to schedule & automate hundreds of smart contracts in one unified on-chain platform.

 Website | Twitter

SOURCE

https://medium.com/@snowflake_so/partnership-announcement-solend-snowflake-7bea21fae204

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Partnership HighLights

Solend partnership with Basis Markets is to launch the Basis Isolated Pool. 

The post Solend Partnership with Basis Markets appeared first on Smart Liquidity Research.