❌How-To: Kamino Multiply Strategy
Learn how to use Kamino Multiply with your SOL and direct staking to a validator. If you require additional support please reach out to us on Discord and staff will be happy to help you.
Once you visit the Kamino website, you can connect your wallet in the top-right corner. The link to their website can be found here https://kamino.com/lend
At the top it has the navigation bar. Once you select the, "Multiply," navigation button, your page should look like the following. That link can be found here https://kamino.com/multiply
Just below on the interface, there is a search bar that has, "Search Assets," with a magnifying glass. If you type in "vsol" you should see the markets come up in the results.
After clicking on the vSOL loop market "Deposit" button, it will display a new page. This page will show you all the stats
On the right hand side is where you will be able to loop your SOL and decide how much leverage you wish to borrow. After clicking, "Setup Account," you will receive a pop-up listing all of the risks associated with using leverage and borrowing funds. Once you agree you will receive a transaction to sign in order to setup the initial account.
After the initial account setup you will be able to enter your asset, either SOL or vSOL, and begin multiplying it for vSOL.
Once the position is open you will be taken to the next page where it will give you a full breakdown on your multiplied position.
If you click back on the, "Overview," tab near the top on the left-hand side it will bring you back to the main loop page. On the right-hand side where we originally deposited our SOL there is a drop-down menu that will allow you multiple options. If you need to manage your collateral, debt, adjust your funds, or simply withdraw, you can do it all from here. We highly advise that users with large amounts be mindful of slippage and deleverage small amounts at a time. If you choose to do it all at once this will cause large amounts of slippage and you may end up losing funds. It is best to unwind your position incrementally and allow the market to catch up.
To view your multiply position on your direct stake dashboard you may do so on our website. It may take up to 24h for the position to be reflected on the dashboard. That link can be found here https://thevault.finance/direct-stake
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