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Kamino is a Solana lending protocol that Elyra integrates directly, letting you supply collateral, borrow assets, and create looping yield strategies through natural language. You do not need to navigate Kamino’s interface or construct transactions manually — describe the operation, review the preview, and confirm.

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Supported operations

1

Supply

Deposit tokens as collateral to earn lending yield. Your deposited assets accrue interest continuously and remain available as collateral for borrowing.
2

Borrow

Take a loan against your deposited collateral. The amount you can borrow depends on the collateral factor of your deposited assets and your current health factor.
3

Loop

Recursively supply and borrow to amplify your yield exposure. For example: deposit USDC, borrow SOL, swap to USDC, deposit again. Elyra can build this sequence for you — but understand the liquidation risk before using it.

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Natural language examples

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Health factor

Kamino uses a health factor to measure how well-collateralized your position is. The formula weighs the value of your deposited collateral against the value of your outstanding borrows, adjusted by asset-specific collateral factors.
  • Health factor above 1.0 — your position is safe
  • Health factor approaching 1.0 — your position is at risk
  • Health factor below 1.0 — liquidation is triggered
Elyra shows your projected health factor before every supply, borrow, or loop action. If a requested action would bring your health factor below a safe threshold, Elyra warns you before you confirm.

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Checking your position

You can ask Elyra about your Kamino position at any time:
Borrowing against collateral carries liquidation risk if the value of your collateral falls or the value of your borrow rises. Monitor your health factor regularly and set conservative loan-to-value ratios, especially during volatile market conditions. Looping strategies amplify both yield and liquidation risk — use them only if you understand the mechanics.