Skip to main content
Supply from your wallet. You do not need a margin account to earn. Tokenized stocks on Kamino’s xStocks market pay ~0%. Vanna pools for the same mints earn a utilization-based APR from real borrowers — perps traders, carry traders, and anyone borrowing the stock or USDC.

What you earn

Interest paid by borrowers, minus the reserve factor. Receipts are vTokens (share mints). Their exchange rate rises as interest accrues. You do not need to claim. There is no impermanent loss. You are lending a single asset, not providing an AMM pair.

What you risk

  • Borrowers can be liquidated; a failed liquidation can leave bad debt.
  • Utilization can be high enough that you cannot redeem the full amount immediately.
  • Oracle, program, and fork/demo operational risk.

How to start

  1. Connect a wallet and mint the asset from Faucet.
  2. Open Earn, pick a pool, and Supply.
  3. Withdraw by redeeming vTokens when the pool has cash.
See Lending Pools and Interest Rate Model.