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Kamino Liquidity Review 2026: Automated Solana LP Vaults

Kamino Liquidity is Solana's automated liquidity manager, placing deposits into concentrated liquidity ranges, rebalancing them and compounding fees. It suits users who want hands-off liquidity provision, with the usual smart-contract and impermanent-loss risks.

Solana

By the DappsAtlas editorial team · Updated Nov 4, 2026

DappsAtlas score

7.4/10

Good

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Our verdict on Kamino Liquidity

7.4/10

Kamino Liquidity is a reasonable option for Solana users who want exposure to concentrated liquidity without adjusting ranges manually. Its main strength is automation of rebalancing and fee compounding, backed by two listed audits and a multi-year listing history. The main caveat is that automation does not remove impermanent loss or smart-contract risk, and fee details are not, so check the app before depositing.

Score breakdown

How Kamino Liquidity scores

Security: 7.0/10
Ease of use: 7.5/10
Fees: n/a
Features: 7.5/10

Scores run from 0 to 10 and are based only on facts we could verify. Where information was missing we mark the score n/a rather than guess.

What is Kamino Liquidity?

Kamino Liquidity is part of Kamino, a Solana DeFi protocol listed on DefiLlama as a liquidity manager. DefiLlama describes it as Solana's liquidity layer, built on top of concentrated liquidity protocols.

The product automates tasks that are tedious for individual liquidity providers: choosing price ranges, rebalancing and compounding fees and rewards. DefiLlama shows about $66.9 million in TVL, a 6.6% drop over seven days, and a listing date of September 2022.

The Kamino homepage describes the wider protocol as an open source credit and liquidity platform for institutions and retail users, with onchain markets for earning returns and borrowing against crypto collateral. The protocol has a token, KMNO, and DefiLlama lists two audits.

How Kamino Liquidity works

Concentrated liquidity DEXs let liquidity providers choose a price range for their capital. This can earn more fees per dollar, but the position stops earning if the price leaves the range, and it needs frequent adjustment.

Kamino automates that work. Per DefiLlama, it uses quantitative models to deposit into optimized ranges, rebalance positions and auto-compound fees and rewards. Users deposit into a vault and Kamino handles the range management on the underlying Solana protocols.

The result is a simpler experience than managing positions by hand. The trade-off is that users depend on Kamino's strategies and contracts, and still carry market risk such as impermanent loss.

6 features

Key features

Automated range selection

Deposits are placed into optimized price ranges on concentrated liquidity protocols, chosen by quantitative models rather than by the user.

Automatic rebalancing

Positions are rebalanced automatically so liquidity is kept near the active price instead of sitting idle out of range.

Auto-compounding

Trading fees and incentive rewards are compounded back into the position without manual claiming.

Built on concentrated liquidity

Kamino builds on existing concentrated liquidity protocols on Solana, so it manages positions in other DEXs rather than running its own pool.

Open-source protocol

The homepage describes Kamino as open source, with institutions and retail users both in scope.

Credit and borrowing markets

Beyond liquidity vaults, the protocol is described as a credit market where users earn returns and borrow against crypto collateral.

Pros and cons

What we like

Automates range setting, rebalancing and fee compounding for concentrated liquidity
Focused on Solana, with a track record listed since September 2022
Two audits are listed on DefiLlama
About $66.9 million in TVL per DefiLlama suggests meaningful usage
Open source protocol with both liquidity and credit markets under one roof

Watch out for

Concentrated liquidity positions can still suffer impermanent loss when prices move out of range or sharply
Smart-contract risk applies to Kamino and to the underlying Solana DEXs it builds on
Fee and performance details are not stated, so users must check them in the app
TVL fell 6.6% over seven days, a reminder that deposits and yields can shift quickly
Runs only on Solana, so users on other chains need to bridge assets first

Kamino Liquidity fees

Fees are not stated. Liquidity managers commonly take a share of earned fees or rewards, but Kamino's exact structure is not confirmed here.

Users would see vault-level yields and any fees inside the Kamino app before depositing. Solana network fees also apply to every transaction.

Is Kamino Liquidity safe?

DefiLlama lists two audits, but the project does not name the auditors or cover findings. Funds sit in smart contracts, so a bug or an issue in an underlying DEX could cause losses. No incidents are mentioned, though absence of mention is not proof none occurred.

Users keep custody through their own wallets, but remain exposed to market risk, impermanent loss and oracle or strategy risk. Regulatory status is not stated. Verify the official site address, never share seed phrases, and check the rules in your own jurisdiction.

6 steps

How to get started with Kamino Liquidity

1
Set up a Solana wallet and fund it with SOL for network fees plus the tokens you want to provide.
2
Open the official Kamino site and connect your wallet, checking the address carefully to avoid imitation sites.
3
Browse the liquidity vaults and review the token pair, strategy description, yield and any fees.
4
Deposit the required tokens and approve the transaction in your wallet.
5
Monitor your position and the vault's performance periodically, since prices and yields change.
6
Withdraw through the app when you want to exit, keeping in mind possible impermanent loss.

Open Kamino Liquidity

Who Kamino Liquidity is for

Kamino Liquidity suits Solana users who want to earn trading fees on concentrated liquidity but lack the time or expertise to manage ranges. It also fits those already comfortable with DeFi wallets and risks. Complete beginners or anyone unable to tolerate losses should be cautious.

Kamino Liquidity FAQs

What is Kamino Liquidity?

Kamino Liquidity is a liquidity manager on Solana. It sits on top of concentrated liquidity protocols and automates range selection, rebalancing and compounding of fees and rewards for depositors.

Which blockchain does Kamino use?

It runs on Solana only, according to public data. Users need a Solana wallet and SOL for network transaction fees.

Does Kamino have a token?

Yes. KMNO is the protocol's token according to DefiLlama. Public sources provided do not detail its utility or supply, so check official documentation before relying on any assumption about it.

Is Kamino audited?

DefiLlama lists two audits for Kamino, but the project does not name the auditors or the scope. Audits reduce risk but do not remove it, so only deposit what you can afford to lose.

Can I also borrow on Kamino?

Kamino's homepage describes a wider protocol that also offers credit and borrowing against crypto collateral. This review focuses on the liquidity product, and the project does not give lending terms.

What does it cost to use Kamino Liquidity?

Fee levels and yields are not published. Users should check the vault pages in the app, where returns and any performance or management fees would be shown.

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