Kamino and SolBlaze launch $bSOL Liquidity Farming program

Kamino and SolBlaze entered into a partnership to launch a $bSOL Liquidity Farming program. The agreement will result in Kamino depositors receiving 2.5 million $BLZE in a single week. The announcement was made on the official Kamino X/Twitter account. The tweet read that Kamino depositors will provide liquidity across four different $bSOL vaults.

Liquidity providers can deposit into the following vaults to earn $BLZE:

  • BLZE to bSOL – 1.5M BLZE
  • mSOL to bSOL – 320k BLZE
  • JitoSOL to bSOL – 328k BLZE
  • PYTH to bSOL – 246K BLZE

After the deposit, kTokens will be automatically staked into Kamino Farms. It will instantly start earning the $BLZE rewards. The announcement garnered massive traction on X/Twitter, attracting users toward SolBlaze and Kamino.

Soon after, users went through every Kamino finance review to understand how the platform operated. As for the tweets, Kamino stated that liquidity providers’ rewards will not be limited to $BLZE alone.

They will also get trading fees through Kamino’s market-making infrastructure. The trading fee is auto-compounded into user positions. Any potential position rebalancing will be automated via Kamino as well.

Any liquidity provider that has already deposited into the vaults can reach the vault page to stake kTokens and earn $BLZE rewards. The platform even shared a tutorial video to help the users.

The weekly incentives for users will be announced at the start of every week on Kamino’s official Telegram channel. Solana liquidity providers will also earn rewards through Kamino Farms. They will play a crucial role in facilitating $bSOL liquidity throughout the ecosystem.

Given the stature and efficiency both platforms have accrued, the collaboration is expected to be a massive hit.

David Cox

David is a finance graduate and crypto enthusiast. He projects his expertise in subjects like crypto and Blockchain while writing for CryptoNewsZ. Being from Finance background, he efficiently writes Price Analysis. Apart from writing, he actively nurtures hobbies like sports and movies.

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