fariswebb
@fariswebb.bsky.social
I post beginner-friendly crypto content in English every day.
Making crypto easier to understand -- no hype, no confusion.
Open to crypto-related work.
https://fariswebb.notion.site/Crypto-Fariswebb-2ef28813be02801caa9ad3dbb9da0987
Making crypto easier to understand -- no hype, no confusion.
Open to crypto-related work.
https://fariswebb.notion.site/Crypto-Fariswebb-2ef28813be02801caa9ad3dbb9da0987
1/16
Intro
From A to J, we explored the core of Solana with Jupiter.
Now it's time to scale liquidity and strategy.
K is for Kamino(@kamino)
The liquidity layer for lending, borrowing, leverage, and strategy execution on Solana.
Let's break down.👇
kamino.com
Kamino | Solana DeFi Protocol
Kamino is an open source credit and liquidity protocol built on Solana. The protocol enables institutions and retail users to generate returns on their assets and borrow against their crypto…
kamino.com
January 28, 2026 at 1:38 AM
15/16
Who Kamino Is (and Isn't) For
Kamino is for users who:
・Want capital efficiency on Solana
・Understand LTV & liquidation
・Can monitor positions actively
It's NOT for:
・Set-and-forget users
・Leverage beginners
・Panic sellers
Who Kamino Is (and Isn't) For
Kamino is for users who:
・Want capital efficiency on Solana
・Understand LTV & liquidation
・Can monitor positions actively
It's NOT for:
・Set-and-forget users
・Leverage beginners
・Panic sellers
January 28, 2026 at 12:00 AM
15/16
Who Kamino Is (and Isn't) For
Kamino is for users who:
・Want capital efficiency on Solana
・Understand LTV & liquidation
・Can monitor positions actively
It's NOT for:
・Set-and-forget users
・Leverage beginners
・Panic sellers
Who Kamino Is (and Isn't) For
Kamino is for users who:
・Want capital efficiency on Solana
・Understand LTV & liquidation
・Can monitor positions actively
It's NOT for:
・Set-and-forget users
・Leverage beginners
・Panic sellers
14/16
Points & $KMNO Airdrop
Kamino rewards activity via Seasonal Points.
You earn points by:
・Lending
・Borrowing
・Using Multiply
More leverage = more points.
But remember: Never risk liquidation for an airdrop.
Points are optional. Capital is not.
Points & $KMNO Airdrop
Kamino rewards activity via Seasonal Points.
You earn points by:
・Lending
・Borrowing
・Using Multiply
More leverage = more points.
But remember: Never risk liquidation for an airdrop.
Points are optional. Capital is not.
January 28, 2026 at 12:00 AM
14/16
Points & $KMNO Airdrop
Kamino rewards activity via Seasonal Points.
You earn points by:
・Lending
・Borrowing
・Using Multiply
More leverage = more points.
But remember: Never risk liquidation for an airdrop.
Points are optional. Capital is not.
Points & $KMNO Airdrop
Kamino rewards activity via Seasonal Points.
You earn points by:
・Lending
・Borrowing
・Using Multiply
More leverage = more points.
But remember: Never risk liquidation for an airdrop.
Points are optional. Capital is not.
13/16
Using JLP as Collateral
Advanced strategy:
You can use JLP(from Jupiter) as collateral.
This lets you:
・Keep earning JLP yield
・Borrow against it
・Re-deploy capital elsewhere
Yield on yield - but layered risk. Know what backs what.
Using JLP as Collateral
Advanced strategy:
You can use JLP(from Jupiter) as collateral.
This lets you:
・Keep earning JLP yield
・Borrow against it
・Re-deploy capital elsewhere
Yield on yield - but layered risk. Know what backs what.
January 28, 2026 at 12:00 AM
13/16
Using JLP as Collateral
Advanced strategy:
You can use JLP(from Jupiter) as collateral.
This lets you:
・Keep earning JLP yield
・Borrow against it
・Re-deploy capital elsewhere
Yield on yield - but layered risk. Know what backs what.
Using JLP as Collateral
Advanced strategy:
You can use JLP(from Jupiter) as collateral.
This lets you:
・Keep earning JLP yield
・Borrow against it
・Re-deploy capital elsewhere
Yield on yield - but layered risk. Know what backs what.
12/16
Initial Setup Cost (Solana Detail)
First-time Kamino users often miss this:
Solana requires a small amount of SOL to:
・Create on-chain accounts
・Open collateral storage
It's tiny, one-time rent fee, but without spare SOL - nothing works.
No SOL = No strategy.⛽
Initial Setup Cost (Solana Detail)
First-time Kamino users often miss this:
Solana requires a small amount of SOL to:
・Create on-chain accounts
・Open collateral storage
It's tiny, one-time rent fee, but without spare SOL - nothing works.
No SOL = No strategy.⛽
January 28, 2026 at 12:00 AM
12/16
Initial Setup Cost (Solana Detail)
First-time Kamino users often miss this:
Solana requires a small amount of SOL to:
・Create on-chain accounts
・Open collateral storage
It's tiny, one-time rent fee, but without spare SOL - nothing works.
No SOL = No strategy.⛽
Initial Setup Cost (Solana Detail)
First-time Kamino users often miss this:
Solana requires a small amount of SOL to:
・Create on-chain accounts
・Open collateral storage
It's tiny, one-time rent fee, but without spare SOL - nothing works.
No SOL = No strategy.⛽
11/16
⚠️Leverage Reality Check
Leverage amplifies:
・Gains
・Losses
・Emotions
Kamino makes leverage easy, but easy doesn't mean protected.
Automation simplifies execution - it does NOT reduce risk.
Survival > ROI.
⚠️Leverage Reality Check
Leverage amplifies:
・Gains
・Losses
・Emotions
Kamino makes leverage easy, but easy doesn't mean protected.
Automation simplifies execution - it does NOT reduce risk.
Survival > ROI.
January 28, 2026 at 12:00 AM
11/16
⚠️Leverage Reality Check
Leverage amplifies:
・Gains
・Losses
・Emotions
Kamino makes leverage easy, but easy doesn't mean protected.
Automation simplifies execution - it does NOT reduce risk.
Survival > ROI.
⚠️Leverage Reality Check
Leverage amplifies:
・Gains
・Losses
・Emotions
Kamino makes leverage easy, but easy doesn't mean protected.
Automation simplifies execution - it does NOT reduce risk.
Survival > ROI.
10/16
Borrowing Mistakes Beginners Make
Common errors:
・Borrowing volatile assets
・Ignoring APR spikes
・Running HF too tight
Liquidation is ratio-based, not price-based.
Collateral ↓ + Debt value ↑
=Faster liquidation than expected.
Leave margin Always.
Borrowing Mistakes Beginners Make
Common errors:
・Borrowing volatile assets
・Ignoring APR spikes
・Running HF too tight
Liquidation is ratio-based, not price-based.
Collateral ↓ + Debt value ↑
=Faster liquidation than expected.
Leave margin Always.
January 28, 2026 at 12:00 AM
10/16
Borrowing Mistakes Beginners Make
Common errors:
・Borrowing volatile assets
・Ignoring APR spikes
・Running HF too tight
Liquidation is ratio-based, not price-based.
Collateral ↓ + Debt value ↑
=Faster liquidation than expected.
Leave margin Always.
Borrowing Mistakes Beginners Make
Common errors:
・Borrowing volatile assets
・Ignoring APR spikes
・Running HF too tight
Liquidation is ratio-based, not price-based.
Collateral ↓ + Debt value ↑
=Faster liquidation than expected.
Leave margin Always.
9/16
Health Factor: Your Lifeline
Health Factor (HF) is most visible in Multiply - by design.
HF reflects:
・Collateral value
・Borrowed amount
・Market prices
Rule of thumb:
・HF 1.8+ → Safe
・HF 1.4-1.6 → Caution
・HF1.2 → Danger
・HF1.0 → Liquidation
Markets move fast. HF collapses faster.
Health Factor: Your Lifeline
Health Factor (HF) is most visible in Multiply - by design.
HF reflects:
・Collateral value
・Borrowed amount
・Market prices
Rule of thumb:
・HF 1.8+ → Safe
・HF 1.4-1.6 → Caution
・HF1.2 → Danger
・HF1.0 → Liquidation
Markets move fast. HF collapses faster.
January 28, 2026 at 12:00 AM
9/16
Health Factor: Your Lifeline
Health Factor (HF) is most visible in Multiply - by design.
HF reflects:
・Collateral value
・Borrowed amount
・Market prices
Rule of thumb:
・HF 1.8+ → Safe
・HF 1.4-1.6 → Caution
・HF1.2 → Danger
・HF1.0 → Liquidation
Markets move fast. HF collapses faster.
Health Factor: Your Lifeline
Health Factor (HF) is most visible in Multiply - by design.
HF reflects:
・Collateral value
・Borrowed amount
・Market prices
Rule of thumb:
・HF 1.8+ → Safe
・HF 1.4-1.6 → Caution
・HF1.2 → Danger
・HF1.0 → Liquidation
Markets move fast. HF collapses faster.
8/16
Leverage Trading (Spot-Based)
Kamino does NOT offer Perpetuals or Futures.
Instead, it enables spot-based leverage trading:
・Borrow assets
・Buy spot tokens
・Increase position size via lending markets
No funding rates.
No perp mechanics.
Just collateral, debt and ratios.
Different system.
Leverage Trading (Spot-Based)
Kamino does NOT offer Perpetuals or Futures.
Instead, it enables spot-based leverage trading:
・Borrow assets
・Buy spot tokens
・Increase position size via lending markets
No funding rates.
No perp mechanics.
Just collateral, debt and ratios.
Different system.
January 28, 2026 at 12:00 AM
8/16
Leverage Trading (Spot-Based)
Kamino does NOT offer Perpetuals or Futures.
Instead, it enables spot-based leverage trading:
・Borrow assets
・Buy spot tokens
・Increase position size via lending markets
No funding rates.
No perp mechanics.
Just collateral, debt and ratios.
Different system.
Leverage Trading (Spot-Based)
Kamino does NOT offer Perpetuals or Futures.
Instead, it enables spot-based leverage trading:
・Borrow assets
・Buy spot tokens
・Increase position size via lending markets
No funding rates.
No perp mechanics.
Just collateral, debt and ratios.
Different system.
7/16
Multiply: The Loop Strategy
Kamino's signature feature: Multiply.
An automated loop:
1⃣ Deposit collateral(e.g.SOL)
2⃣ Borrow against it
3⃣ Buy more of the same assets
4⃣ Repeat automatically
This builds leveraged exposure in one click.
Convenient ≠ Safe.
January 28, 2026 at 12:00 AM
7/16
Multiply: The Loop Strategy
Kamino's signature feature: Multiply.
An automated loop:
1⃣ Deposit collateral(e.g.SOL)
2⃣ Borrow against it
3⃣ Buy more of the same assets
4⃣ Repeat automatically
This builds leveraged exposure in one click.
Convenient ≠ Safe.
6/16
Liquidity: Capital Efficiency
Kamino lets assets work harder.
Some positions can:
・Earn base yield
・Be used as collateral
・Feed into other strategies
This is capital efficiency - but efficiency also means risk compounds faster.
Understand what your liquidity is backing.
Liquidity: Capital Efficiency
Kamino lets assets work harder.
Some positions can:
・Earn base yield
・Be used as collateral
・Feed into other strategies
This is capital efficiency - but efficiency also means risk compounds faster.
Understand what your liquidity is backing.
January 28, 2026 at 12:00 AM
6/16
Liquidity: Capital Efficiency
Kamino lets assets work harder.
Some positions can:
・Earn base yield
・Be used as collateral
・Feed into other strategies
This is capital efficiency - but efficiency also means risk compounds faster.
Understand what your liquidity is backing.
Liquidity: Capital Efficiency
Kamino lets assets work harder.
Some positions can:
・Earn base yield
・Be used as collateral
・Feed into other strategies
This is capital efficiency - but efficiency also means risk compounds faster.
Understand what your liquidity is backing.
5/16
Borrow: Power With Conditions
Borrowing unlocks capital - and risk.
Key things to know:
・Borrow APR is variable
・Interest accrues continuously
・Liquidation is based on LTV ratios, not just price
Beginner rule: 👉Borrowing stablecoins is safer than volatile assets.
Borrow: Power With Conditions
Borrowing unlocks capital - and risk.
Key things to know:
・Borrow APR is variable
・Interest accrues continuously
・Liquidation is based on LTV ratios, not just price
Beginner rule: 👉Borrowing stablecoins is safer than volatile assets.
January 28, 2026 at 12:00 AM
5/16
Borrow: Power With Conditions
Borrowing unlocks capital - and risk.
Key things to know:
・Borrow APR is variable
・Interest accrues continuously
・Liquidation is based on LTV ratios, not just price
Beginner rule: 👉Borrowing stablecoins is safer than volatile assets.
Borrow: Power With Conditions
Borrowing unlocks capital - and risk.
Key things to know:
・Borrow APR is variable
・Interest accrues continuously
・Liquidation is based on LTV ratios, not just price
Beginner rule: 👉Borrowing stablecoins is safer than volatile assets.
4/16
Lend: The Foundation
Lending is the base layer of Kamino.
You:
・Deposit assets (SOL, USDC, JLP, etc.)
・Earn yield from borrowers
・Keep exposure without selling
Lower risk than leverage, but yields change with demand.
Best starting point for beginners.
Lend: The Foundation
Lending is the base layer of Kamino.
You:
・Deposit assets (SOL, USDC, JLP, etc.)
・Earn yield from borrowers
・Keep exposure without selling
Lower risk than leverage, but yields change with demand.
Best starting point for beginners.
January 28, 2026 at 12:00 AM
4/16
Lend: The Foundation
Lending is the base layer of Kamino.
You:
・Deposit assets (SOL, USDC, JLP, etc.)
・Earn yield from borrowers
・Keep exposure without selling
Lower risk than leverage, but yields change with demand.
Best starting point for beginners.
Lend: The Foundation
Lending is the base layer of Kamino.
You:
・Deposit assets (SOL, USDC, JLP, etc.)
・Earn yield from borrowers
・Keep exposure without selling
Lower risk than leverage, but yields change with demand.
Best starting point for beginners.
3/16
Swap: Strategy Entry
Kamino integrates swaps directly into its interface.
Why this matters:
・No app-hopping
・Faster execution
・Cleaner strategy flow
Kamino doesn't replace Jupiter - it builds on top of it for strategy execution.
Swap: Strategy Entry
Kamino integrates swaps directly into its interface.
Why this matters:
・No app-hopping
・Faster execution
・Cleaner strategy flow
Kamino doesn't replace Jupiter - it builds on top of it for strategy execution.
January 28, 2026 at 12:00 AM
3/16
Swap: Strategy Entry
Kamino integrates swaps directly into its interface.
Why this matters:
・No app-hopping
・Faster execution
・Cleaner strategy flow
Kamino doesn't replace Jupiter - it builds on top of it for strategy execution.
Swap: Strategy Entry
Kamino integrates swaps directly into its interface.
Why this matters:
・No app-hopping
・Faster execution
・Cleaner strategy flow
Kamino doesn't replace Jupiter - it builds on top of it for strategy execution.
2/16
What Kamino Really Is
Kamino is not "just a Multiply app"
It's a DeFi command center where you can:
・Swap assets
・Lend to earn yield
・Borrow against collateral
・Provide liquidity
・Trade with leverage (spot-based)
・Automate loop strategies (Multiply)
One protocol. Many actions. One risk system
What Kamino Really Is
Kamino is not "just a Multiply app"
It's a DeFi command center where you can:
・Swap assets
・Lend to earn yield
・Borrow against collateral
・Provide liquidity
・Trade with leverage (spot-based)
・Automate loop strategies (Multiply)
One protocol. Many actions. One risk system
January 28, 2026 at 12:00 AM
2/16
What Kamino Really Is
Kamino is not "just a Multiply app"
It's a DeFi command center where you can:
・Swap assets
・Lend to earn yield
・Borrow against collateral
・Provide liquidity
・Trade with leverage (spot-based)
・Automate loop strategies (Multiply)
One protocol. Many actions. One risk system
What Kamino Really Is
Kamino is not "just a Multiply app"
It's a DeFi command center where you can:
・Swap assets
・Lend to earn yield
・Borrow against collateral
・Provide liquidity
・Trade with leverage (spot-based)
・Automate loop strategies (Multiply)
One protocol. Many actions. One risk system
1/8
Intro
From A to I, we've explored:
Aave, Base, Curve, DEX aggregators, Ethena, Fluid, Gamma, Hyperliquid, and Intents.
Now it's time to see how all of that comes together on Solana.
J is for Jupiter (@JupiterExchange) .
More than a DEX aggregator - it's the heart of the Solana ecosystem. 👇
Intro
From A to I, we've explored:
Aave, Base, Curve, DEX aggregators, Ethena, Fluid, Gamma, Hyperliquid, and Intents.
Now it's time to see how all of that comes together on Solana.
J is for Jupiter (@JupiterExchange) .
More than a DEX aggregator - it's the heart of the Solana ecosystem. 👇
January 27, 2026 at 2:12 AM
7/8
The Strategic View👀
1⃣ Use swaps & DCA to build positions
2⃣ Use JLP to earn from market activity
3⃣ Stake JUP to participate in governance
On Solana, many paths lead through Jupiter. ⛓
The Strategic View👀
1⃣ Use swaps & DCA to build positions
2⃣ Use JLP to earn from market activity
3⃣ Stake JUP to participate in governance
On Solana, many paths lead through Jupiter. ⛓
January 27, 2026 at 12:01 AM
7/8
The Strategic View👀
1⃣ Use swaps & DCA to build positions
2⃣ Use JLP to earn from market activity
3⃣ Stake JUP to participate in governance
On Solana, many paths lead through Jupiter. ⛓
The Strategic View👀
1⃣ Use swaps & DCA to build positions
2⃣ Use JLP to earn from market activity
3⃣ Stake JUP to participate in governance
On Solana, many paths lead through Jupiter. ⛓
6/8
A Full On-Chain Suite⛓
Jupiter has grown into a complete on-chain hub:
・ Best-route swaps
・ Limit orders
・ Perpetual trading
・ LFG launchpad for new Solana projects
All designed to work together, seamlessly 🔨
A Full On-Chain Suite⛓
Jupiter has grown into a complete on-chain hub:
・ Best-route swaps
・ Limit orders
・ Perpetual trading
・ LFG launchpad for new Solana projects
All designed to work together, seamlessly 🔨
January 27, 2026 at 12:01 AM
6/8
A Full On-Chain Suite⛓
Jupiter has grown into a complete on-chain hub:
・ Best-route swaps
・ Limit orders
・ Perpetual trading
・ LFG launchpad for new Solana projects
All designed to work together, seamlessly 🔨
A Full On-Chain Suite⛓
Jupiter has grown into a complete on-chain hub:
・ Best-route swaps
・ Limit orders
・ Perpetual trading
・ LFG launchpad for new Solana projects
All designed to work together, seamlessly 🔨
5/8
The Backbone of Perps: JLP
What JLP Really Is?
JLP doesn't pay cash- like dividends.
By holding JLP, you're supplying liquidity to Jupiter Perps.
As traders use the platform, profits and losses build up in the pool -- and show up in JLP's price over time.
The Backbone of Perps: JLP
What JLP Really Is?
JLP doesn't pay cash- like dividends.
By holding JLP, you're supplying liquidity to Jupiter Perps.
As traders use the platform, profits and losses build up in the pool -- and show up in JLP's price over time.
January 27, 2026 at 12:01 AM
5/8
The Backbone of Perps: JLP
What JLP Really Is?
JLP doesn't pay cash- like dividends.
By holding JLP, you're supplying liquidity to Jupiter Perps.
As traders use the platform, profits and losses build up in the pool -- and show up in JLP's price over time.
The Backbone of Perps: JLP
What JLP Really Is?
JLP doesn't pay cash- like dividends.
By holding JLP, you're supplying liquidity to Jupiter Perps.
As traders use the platform, profits and losses build up in the pool -- and show up in JLP's price over time.
4/8
Built for Long-Term Thinkers (DCA)
Jupiter isn't just for active traders.
Its built-in DCA feature lets you accumulate assets like SOL or JUP automatically over time.
No timing stress. Just consistency.
Strategy > Emotion.📈
Built for Long-Term Thinkers (DCA)
Jupiter isn't just for active traders.
Its built-in DCA feature lets you accumulate assets like SOL or JUP automatically over time.
No timing stress. Just consistency.
Strategy > Emotion.📈
January 27, 2026 at 12:01 AM
4/8
Built for Long-Term Thinkers (DCA)
Jupiter isn't just for active traders.
Its built-in DCA feature lets you accumulate assets like SOL or JUP automatically over time.
No timing stress. Just consistency.
Strategy > Emotion.📈
Built for Long-Term Thinkers (DCA)
Jupiter isn't just for active traders.
Its built-in DCA feature lets you accumulate assets like SOL or JUP automatically over time.
No timing stress. Just consistency.
Strategy > Emotion.📈
3/8
Why It Matters?
Liquidity in DeFi is often fragmented.
Jupiter fixes this by optimizing speed, price, and slippage.
The result?
A trading experience that feels close to a CEX -- but fully on-chain. ⚡
Why It Matters?
Liquidity in DeFi is often fragmented.
Jupiter fixes this by optimizing speed, price, and slippage.
The result?
A trading experience that feels close to a CEX -- but fully on-chain. ⚡
January 27, 2026 at 12:01 AM
3/8
Why It Matters?
Liquidity in DeFi is often fragmented.
Jupiter fixes this by optimizing speed, price, and slippage.
The result?
A trading experience that feels close to a CEX -- but fully on-chain. ⚡
Why It Matters?
Liquidity in DeFi is often fragmented.
Jupiter fixes this by optimizing speed, price, and slippage.
The result?
A trading experience that feels close to a CEX -- but fully on-chain. ⚡