We’re excited to share that Squads users can now connect to Kamino via SquadsX—our web extension that enables interactions with Solana applications directly from the security of your Squads business account.

How To Use Kamino With SquadsX

Kamino has rapidly become a major liquidity hub within the Solana ecosystem, providing both casual DeFi users and advanced traders with a wide range of services. 

With over $2 billion in total value locked (TVL), Kamino is currently Solana’s third-largest DeFi protocol, primarily focused on lending and borrowing. 

As an initial step, we’re enabling Kamino’s borrow and lend functionalities via SquadsX. 

Here’s how you can get started: 

• Visit app.kamino.finance

• Click "Connect Wallet" (top right corner) and select “SquadsX”

• Once connected, you’ll gain access to Kamino’s full range of lending and borrowing opportunities, from the JLP Market to the Altcoins Market

• Start lending and borrowing Solana tokens based on your strategy

Under the hood, Kamino’s lending and borrowing mechanism works as follows: 

• Supply assets to earn yield and to use as collateral 

• Borrow assets against your deposited collateral

• Borrow up to the maximum loan-to-value (LTV) ratio, which is calculated based on your collateral x debt combination 

If you reach the liquidation LTV (>max LTV), you might lose your collateral via liquidation. In this scenario, however, the borrowed assets will remain yours.

Please ensure you’re aware of the risks involved when using DeFi protocols. For more details, consider reading Kamino's risk guide.

Accelerate 

Squads not only provides secure smart accounts for storing crypto but also enables you to manage, compound, and pay with it seamlessly—24/7.

Take your business fully onchain today by setting up a Squad or reach out to garrett@sqds.io to get onboarded.