Kamino Loop Tutorial: How I Made $500 in Passive Income on SOL

Ajouté : 2026-06-02

[00:00:00]In this video, we're diving into a strategy that lets you earn more yield on the same capital without needing to constantly manage a position. It's called leverage looping, and Camino makes it super simple with a product called Multiply. It's like yield farming on autopilot except with leverage.

[00:00:14]Welcome back to the D5 101 course. This course is made with support from the Salana Foundation and is designed to take you from a crypto investor to a crypto user. Let's break it down. So, what exactly is leverage looping?

[00:00:25]Leverage looping is a DeFi strategy where you borrow against a yield bearing asset, then use that borrowed asset to buy more of the original yield bearing asset. You repeat this loop until you've maximized your exposure and hopefully your returns. Think of it like buying a rental property using a mortgage, then refinancing it to buy another and another except all of it is happening automatically in a single transaction on chain. Camino wraps this whole process into a single product called multiply.

[00:00:49]You choose a vault, deposit funds, select your leverage, and Camino does the rest. Behind the scenes, Camino uses flash loans to amplify your position. E- mode allows for higher loan to value ratios up to 90%. Smart routing and collateral swaps are all handled for you on the back end. The result, you get leveraged exposure to yield bearing assets like Getool, MSOL, or even GLP with just one deposit. By the way, check out our other video in this course to learn more about JLP and how you can use it to earn yield. So, where is the yield in leverage farming coming from exactly?

[00:01:18]There are two main sources. First, staking yield from assets like goto soul or m soul. And then second, market making yield from chamino's k tokens which earn fees in liquidity pools. Some multiply volts like kidto soul soul even combine both. And since your position is leveraged, your yield is amplified as long as the assets yield is higher than the interest you're paying on the borrowed funds. That difference in interest is your net APY. And that's the number you want to watch if you're monitoring these positions. Let's go through an example with leveraging goto soul. Say you deposit 10 soul into the goto soul soul multiply vault and you choose 8x leverage. Your total exposure becomes 80 soul worth of collateral mostly in geto soul and you now have 70 soul in debt borrowed against your leverage position. If the goto soul staking APY is 7% and you're paying 6% borrow interest your net yield is 1% on 80 soul or 14% return on your initial 10 soul. That is the power of multiply.

[00:02:11]Next let's talk about how to open a multiply position. Opening a position is straightforward. First, select a multiply volt on Camino. Choose your deposit token like Soul or Geto Soul.

[00:02:20]Set your target leverage, for example, 4x, 6x, 8x. Camino will handle the flash loan. Swap your token if needed. Loop the position to your selected leverage.

[00:02:30]Display your net APY and estimated returns. Display your net APY and estimated earnings. And just like that, you're done. Your loop position is live.

[00:02:38]And how about managing your position?

[00:02:40]Commamino gives you full control. Use the manage tab to adjust leverage or position size at any time. You can also view simulations in the overview and my position tabs. Track your loan to value or LTV and net APY over time. You can also unwind your position at any time with one-click leverage adjustment. You can repay with collateral to downsize or close your position, or you can go manual, clicking withdraw, swap, and repay. There are no fees from Camino for unwinding. Like all leverage strategies, this comes with risk. If your borrow rate exceeds your staking yield for too long or if the asset drops sharply in price like JLP and USD terms, your position could be liquidated. Some other risks include smart contract exploits and LSTs or socialized losses if Camino's lending platform took a hit.

[00:03:23]Autodleveraging is another risk which may reduce your position if things get risky. Remember that the more leverage you use, the higher all of these risks become. Kamino does have auto deleveraging which will reduce your position if things get risky, but it's not a cure all for these risks.

[00:03:39]Additionally, Kamino uses oracles to protect against DPEGs, so that is one less thing you need to worry about. But remember, higher leverage equals higher risk. Always keep an eye on your LTV and net APY. That's it for Commamino's leveraged yield pools. You now know how to use farm leverage loops on Commamino's multiply volts. If the risk is within your comfort zone, this strategy can be a powerful way to maximize your onchain yield.