Hubble Protocol Launches Kamino Finance to Optimize Yields for Liquidity Providers on Solana
press releaseKamino FinanceKamino Finance, launching initially on next-generation decentralized exchange Orca, will allow users to earn higher yields in a fully automated way simply by depositing their crypto into vaults linked to Orca’s liquidity “whirlpools.”builds on the advantages of CLMM’s, which reduce slippage and facilitate larger trades by narrowing the price range at which users provide liquidity.
Marius Ciubotariu, the co-founder of Hubble Protocol, says: “Managing profitable LP positions has been notoriously difficult due to the complexities posed by CLMMs and the increased risk of impermanent loss when prices swing the wrong way, as well as front-running by bots – common on Ethereum. Instead of the usual CLMM NFT, Kamino will provide LPs with a fungible LP token as a receipt of deposit. This LP token can be used as collateral to borrow USDH, Hubble’s censorship-resistant stablecoin, which can then be used to transact or earn further yield in Solana DeFi.
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