๐ Exciting News! ๐ I just tried out Kamino Finance's Creator Vaults on Solana, and I'm here to share my experience! ๐งต
1/ What's Kamino Finance, you ask? ๐ค It's an automated liquidity solution on Solana that lets you earn yield by providing liquidity to concentrated liquidity market makers (CLMMs). Think of it as a one-stop-shop for maximizing your crypto assets' efficiency and yields. ๐ฐ
2/ So, how easy is it to deploy liquidity into Kamino compared to CLMM DEXs? ๐ค Let me tell you, it's a breeze! ๐ฌ๏ธ Setting up normal vaults or your very own DIY vaults is as easy as 1-2-3. No more complicated steps or manual management. ๐
3/ I decided to dive into the world of Creator Vaults. ๐ก These are game-changers! They let you create your own automated strategies, simulate their performance, and track analytics. ๐ It's like having your very own DeFi laboratory! ๐ฌ
4/ Setting up Creator Vaults is a cinch! ๐
Click on "Create a Vault" โจ
Select your tokens ๐ช
Choose your preferred fee tier ๐
Pick a DEX ๐
Craft your market-making strategy ๐
It's like designing your own financial masterpiece! ๐จ
5/ Once your Creator Vault is set up, just deposit your assets and watch them work their magic over a couple of days. ๐ซ Kamino automates everything, from position rebalancing to compounding trading fees. ๐๐ฐ
6/ But that's not all! Kamino provides detailed vault analytics and advanced analytics. ๐ You can monitor your vault's performance in real-time, and the insights are invaluable for refining your strategy. Knowledge is power! ๐๐ช
7/ My strategy? I decided to create a liquidity pool for two of my favorite tokens and set the system to auto-compound my earnings. Over a few days, I saw steady growth in my assets. ๐น