Time to Take Profit!

This article was compiled from a long-form twitter thread. To read the original, visit this link: https://x.com/inv515/status/1880889005040185661

Solana's Pump: Take Profit & Earn with KaminoFinance

Solana's been on fire today, & if you're sitting on some gains, here's a cool way to take profits & keep them working for you.

A Thread on stablecoins & rewards 1/8


With SOL's price going up, you might want to take a profit to re-buy the dip.

A smart move?

Turn those gains into stablecoins like USDC or USDT.

Then, you can lend them back via Kamino Lend to boost your stack via bonus rewards. 2/8


Currently, the USDS lending pool pays out a good APY as well as additional rewards each week & a bonus points multiplier.

That's a whole bunch of incentives for supplying a single asset, meaning you'll get good returns on your stables. 3/8


The plan is easy:
1. Swap your SOL profits into stablecoins.

2. Lend those stablecoins on Kamino for interest.

3. Collect points that will pay off in $KMNO later.

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This setup has benefits:

Safety: Stablecoins keep your gains safe from wild price swings. Don't worry about guessing the market.

Earnings: You get paid interest just for lending. Too easy.

Borrow: Borrow against the lending pool to stay liquid.

Your money, Your choice

5/8

Watching SOL pump is exciting, but the smart players stay ahead of the market.

This strategy lets you play it smart, earning passive income without needing to predict the market's every move.

Crypto can be volatile, so it's never too early to profit.

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Remember to do your homework before jumping in.

Look into the risks, consider interest rates & understand the risks behind smart contracts and lending.

The Kamino Discord community is very helpful.

7/8

There's lots of FUD about when to cash out.

But one thing is for certain.

Profit is good.

Like this thread? Follow our TG for more like it.

If you're into Layer3, join the GimmeCrypto guild so we can quest together.

End of Thread

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