0xTodd|Oct 26, 2025 02:45
Solana has recently started to focus on the Chinese market. First, she chose the Chinese name Solara, and then Lily gave speeches in Beijing and Shanghai. Next, she will bring ecological projects such as Kamino and head south to Hangzhou (26th), Shenzhen (28th), and even heard that Sol is preparing to raise some funds in China.
The Chinese market is really awesome, so SOL has been relatively strong recently. Many SOL Holders wanted to sell and began to consider whether to take it for a long time.
If you want to take SOL for a long time, here is a coin based strategy (12%+lossless) of SOL on @ kamino.
The normal Staking APR of SOL is about 6.7%, which can be saved as PSOL (the staking SOL sent by Phantom is similar to JitoSOL and JupSOL).
Next, I would like to thank Solana for their previous RWA stablecoin project called CASH, which provided subsidies for both borrowing and vault in Kamino.
This leads to you mortgaging PSOL to borrow CASH on Kamino, originally paying 4% interest, but subsidizing 5.8%, causing you to reverse the borrowing of CASH meters and still receive a net APR of 1.8%.
Then put the CASH into Kamino's vault, and receive 12.2% of the CASH and Kamino subsidies.
If you borrow CASH at a 50% mortgage rate, then you are approximately equal to doubling the interest on the SOL basis, reaching 12%+.
Of course, since it involves borrowing coins, it's better to control leverage as much as possible. The market liquidity is a bit thin now, so don't go too far or use USDC to borrow. Although USDC subsidies are less, they are still acceptable.
This has a benefit, as it tries to avoid the risk of CASH itself becoming unanchored. It doesn't matter if CASH drops to 0.5, as all CASH is borrowed.
As for Kamino itself, as the largest DeFi in SOL, its position is equivalent to AAVE on ETH, and it has a high bargaining power with these project partners, such as CASH, which is why it has an APR.
Good job, I hope it's more complete.
Non financial advice
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