MarginFi X Kamino (Potential Airdrop Guide)

Marginfi, a decentralized trading protocol in Solana, has received $3 million in seed funding from Solana Venture and Pantera Capital.

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MarginFi

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Marginfi is a decentralized margin protocol for trading in Solana, enabling traders to access margin, manage risk, and enhance capital efficiency across the entire Solana ecosystem.

Kamino Finance is a DeFi protocol that offers users a simple way to provide liquidity and earn yield on-chain. It started with auto-compounding liquidity strategies on Solana and has evolved into a comprehensive DeFi product suite that combines lending, liquidity, and leverage in a secure manner.

Marginfi received funding $3 Million in seed funding, invested by Solana Venture, Pantera Capital and others.

NOTE: This content is not sponsored; I am an independent writer who has no association to MarginFi/Kamino.

In this guide we show you how to lend and borrow using MarginFi and in the same strategy you can utilize the Kamino Finance. Make sure you have enough USDC to lend on Marginfi.

SUPPLY OR LEND ON MARGINFI:

  • Go to https://app.marginfi.com/ and connect your Solana wallet
  • Select SOL and Enter Amount
  • Click Supply to lend and confirm in the blockchain

BORROW SOME USDC ON MARGINFI:

  • Select Borrow and Choose USDC
  • Enter small amount of USDC, don’t go for max (30% of lend amount)
  • Click Borrow and confirm in the blockchain

Understand you need to pay borrowed amount later date to get back you supplied SOL or JitoSOL.

You can always check your Points on Point Dashboard. It take 24 hours to update on the dashboard

Now you can lend borrowed USDC on Kamino to earn Kamino Points

LEND AND BORROW USDC ON KAMINO:

  • Go to https://app.kamino.finance/ and connect SOL wallet
  • In the main dashboard, select USDC DEPOSIT by clicking SUPPLY (Lend)
  • Enter Amount and Click DEPOSIT
  • Now borrow some USDC by clicking BORROW feature
  • Borrow a small amount of USDC to minimize the risk.
  • You can repay your borrowed USDC later by using REPAY option

That’s all for today!

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