Liquidity

Automated liquidity vaults were Kamino's first product, launched in August 2022, and it remains the leading LP primitive on Solana. Kamino liquidity vaults issue kTokens to depositors, which are yield-bearing LP tokens that are accepted as collateral in K-Lend.

These kTokens form the basis of powerful DeFi strategies such as leveraged liquidity provision, or delta-neutral liquidity provision, as outlined in the kToken Collateral section.

For a comprehensive look at Kamino's Liquidity Vaults, see the Liquidity Docs.