Gmino, it’s finally here! 💉
Adrena Market is now LIVE on @KaminoFinance V2, curated by @allezlabs.
Borrow $USDC against $ALP with up to 2.8x leverage to boost yield up to 160% APY — fueling deeper liquidity for Adrena traders and LPers.
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Introducing Adrena Market on Kamino V2 💉
With Kamino’s V2 lending architecture, $ALP holders can now increase the exposure by borrowing $USDC and loop up to 2.8x, pushing $ALP APY to 160%+.
Core Metrics:
▪️ 2.8M $ADX in incentives to bootstrap the USDC Lending Pool over 2 months — unlocking the lowest borrow rates and supercharging your APY
▪️ 65% LTV — optimized for capital efficiency without compromising security
Designed for advanced yield strategies by @allezlabs, this integration makes it seamless to amplify the yield to one of Solana’s top-performing PerpDEX LP assets.
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ALP Highlight 💉
$ALP (Adrena Liquidity Provider) is the counterparty vault behind Adrena’s PerpDEX. It’s a multi-asset pool containing $JitoSOL, $WBTC, $BONK, and $USDC, with 70% of protocol fees automatically compounded back into the pool.
Think of $ALP as a blue-chip index on Solana: low risk, high yield, and delta-neutral by design.
Its value grows through both protocol-generated fees and the appreciation of its underlying assets, consistently printing 50%+ APY.
Since launch, Adrena has generated $6.4M in fees, and 70% of fees has been compounded to the pool timely since March 19th, making $ALP one of the most outperforming PerpDEX LPs.
As $ALP’s performance strengthens, it’s being adopted across more DeFi integrations — now serving as collateral in Kamino’s Automated Lending Vaults. Users can leverage $ALP up to 2.8x, boosting yields to 160%+ APY.
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Loop Your Way to 160%+ APY with ALP 💉
Supercharge ALP's yield with Kamino’s Multiply Strategy by one click.
▪️How to loop:
• Mint $ALP by providing liquidity on Adrena:
• Deposit $ALP into Kamino’s ALP/USDC Multiply Strategy:
• Leverage up to 2.8× to boost APY up to 160%+
Curated by Kamino’s expert Vault Manager @AllezLabs, the ALP market enforces robust risk controls for efficiency and sustainability:
• 65% LTV to start
• Yield-sensitive interest curve
• Caps on deposits/borrows to mitigate risk in early phases
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Looking Forward 💉
Since $ALP went fully liquid on March 19th, we’re eager to make $ALP a key building block in Solana’s DeFi landscape, brick by brick. 🧱
The Adrena Market on @Kaminofinance, Solana’s leading lending protocol, marks the beginning of a flywheel effect for Adrena’s ecosystem.
• For LPers: Earn amplified yields through looping, plus access to potential airdrops and yield farming opportunities as ALP adoption grows.
• For Traders: Enjoy more accessible liquidity, driving higher yields for LPers.
Let's $ALP a scalable, composable, high-yield asset at the core of Solana’s perp trading.
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