If you're unfamiliar with Kamino Finance see my explainer post here https://www.bulbapp.io/p/34c42de2-547e-47a8-b72d-9b8b61c6fde2/use-cases-for-kamino-finance?s_id=2936eabf-734f-4bf5-9069-4a3ef2173b8c


My process is pretty simple:

• Look the analytics on Kamino for each LP
• Look at the token prices on CoinGecko / CMC

Remember always: An LP IS a trade. It's a different type of trade as you're buying position on yield curve and you're collecting transaction fees, but it's still a trade so the normal assessments as goes price applies.

Generally we're looking over a 3 week time period in the LP. Each period we'll close out our positions entirely and start afresh with new ones. Obviously if you're doing this yourself you'd want to keep some positions much longer than that but we're looking to make this educational and as accessible as possible so we're coming from a start fresh approach each time.


Let's dive into the analysis!

How did we do from last time?

Pretty good. Our strategy of buying for low prices and yield worked well for OTK and ZEUS. Not so well for ZEX, which saw a pull back, but the ZEX rewards helped soften the blow there.





We did even better considering the state of the overall market. Sometimes having two sided positions really pays, especially when they also come with yield.

The candidates

Here we go. Back into the trenches.
We're looking for instances where the Kamino strategy has outperformed the other 3 strategies, for a healthy trend of APY, and for a token price that has some potential upside.


https://app.kamino.finance/liquidity/EZhKTBDQ3M5aijZPrCWSSgnvMrFfeXicVMnj3mYeE3GA


https://app.kamino.finance/liquidity/CKb6vqModsWXbLqLmiKvLxec5Gf9ftxyXZBzd5Ft2oZ


https://app.kamino.finance/liquidity/9k53PMwaY2wJNhVJ9Hv2hjir24FLhXxywgXNDnsdBkUY


https://app.kamino.finance/liquidity/HTdz2LrLFXiNegNN2P9TZe1kB3r8sav9Pv2i8tKsxYi1


https://app.kamino.finance/liquidity/3dZdpgHSjX3piKsyvbWqqjVPhaJEtAdt13nfKEHh5k2V


https://app.kamino.finance/liquidity/AunLwfv4ArJLyWtwtStFfzZ3FxhCRqwWAvZFYaSYoueo


https://app.kamino.finance/liquidity/Fgyv33KJ3HNfqAmEUxTPzzZ9v1F96aBXZkpifcvjSLnA


https://app.kamino.finance/liquidity/3hE7PZ6Lq7NCof5uJeVDLtxUfJa21Btda5GtV4oXfbe5

Token prices

Let's look at our token price action.
RETARDIO stands out for coming off a massive price spike.
KAMA has only just launched and is significantly down.
USEDCAR is continuing a long standing downward trend.

To LP or not to LP

Here's the positions we went with.



POPCAT just has consistently outstanding yield and the price is somewhat stable (for a memecoin) in a mostly down market which means there is likely some upside left in it. 50% of our funds are going there.

KAMA is a wilder bet. New coin, low liquidity, but big yields and it's just had a big pullback so there is potentially a large upside. 25% is going to this.

RETARDIO is also a wilder bet but for different reasons. Good liquidity and it's got incentives, but it's coming off a big price pump so whilst the yields are large, there's potential price downside.

What's new at Kamino?

Let's check out what's been happening at Kamino. Don't forget to give them a follow, a like and share!

Over to you!

Where are you LP-ing at present? Kamino?
Got some insights to share? Let me know in the comments.