HUGE news for Solana DeFi
> Institutions are coming to Solana onchain
> From 10% to 30% APY on Stablecoins
> From 14% to 27% on SOL
All of this and more 👇🧵
SyrupUSDC is live on Solana, marking another growth catalyst for Solana DeFi.
There are up to $500K rewards available, in partnership with @maplefinance @global_dollar & @jito_sol.
17% APY on stablecoins.
You deposit USDG (stablecoin) and multiply it up to 4.0x
The APY is so high because of USDG incentives.
You can also get 16% APY if you prefer deploying USDC.
For several weeks now, cgntSOL (liquid staked SOL) has been the best SOL Multiply product on Kamino, with an 11% APY.
Liquid stake your SOL for much higher APYs than native staking - it also has some tax-related benefits for certain countries.
You can get huge APYs covering almost all of your portfolio:
> Up to 61% APY on JLP (BTC ETH SOL USDC)
> Up to 17% on SyrupUSDC (stablecoin)
> Up to 11% on cgntSOL (Liquid Staked SOL)
DeFi Dev Corp has integrated their LST into Kamino
This is the first public company doing so.
In case you don't know who @defidevcorp are, they're doing the Microstrategy playbook for $SOL.
You can get ~10% APY by lending USDG, and 6% by lending USDC.
On the Main Market
> Lend FDUSD for 8.4% and USDG for 8%.
> JitoSOL for ~14% APY
In the same week we've seen a public company move onchain with $SOL DeFi and a crypto DeFi giant integrate Solana.
All of it, because of Kamino.
I hope you've found this thread helpful.
Follow me @0xGumshoe for more.
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