Opening a Position

1. Select a vault in Multiply

2. Select your deposit token, token amount, and multiply amount

You can deposit either the underlying asset (eg. SOL), or the yield-bearing asset (eg. JLP or JitoSOL). Kamino's smart contract will auto-swap your assets as needed.

For SOL Multiply, your position value is displayed in SOL. For JLP Multiply, your position value is displayed in USD.

Note that your Net APY is the key indicator of the yield in the position. Net APY accounts for all yield earned and interest paid in the position: asset yield and supply interest earned, and borrow fees paid.

  • If Net APY is higher than the underlying asset's APY, your position will be earning yield

  • If Net APY is below the underlying asset's APY, you will be paying interest for your position to remain open

3. View the simulation of your estimated position & projected earnings in the Overview and My Position tabs

  • The Overview tab shows a simulation of your position, as well as the estimated yield it will earn based on historical data.

  • For example, if the average APY over the past 180 days was 10%, your "Estimated Net Earnings" will be 10% for the 180-day period. This allows you to get an idea of the yields you can expect.

  • In the My Position tab, you can see an in-depth simulation of your estimated position values before completing your deposit.

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