Kamino Liquidity · Solana

USDS-USDC

Overview

The Kamino Liquidity USDS-USDC pool on Solana is a single-asset stablecoin liquidity position where suppliers earn variable interest on deposits of the USDS-USDC pair. The protocol generates yield by facilitating swaps between these two assets, earning fees from trading activity.

Total APY stands at 13.85%, with no additional reward component. Over the past seven days, the rate has increased by 0.81%, while over the last thirty days it has declined by 9.21%. This current yield is above the 30-day mean of 9.18%.

TVL in this pool totals $24.7M with no reported change over the past seven days. The primary risk exposure here stems from smart-contract vulnerabilities, given that Kamino Liquidity operates as a liquidity manager protocol rather than a single-asset stablecoin pool.

Composed 2026-05-20 from the structured data above. See methodology for the full pipeline.

Risk profile

• Smart contract risk

  Funds are deposited into a smart contract. A bug or exploit in the contract could lead to total loss. Audits reduce, but do not eliminate, this risk. Check the protocol page for audit history.

• Depeg risk

  The pool is built on stablecoins. A depeg of any underlying asset would impact returns and principal.

• Yield variability

  Current APY is 0.11%; 30-day mean is 0.20%. Yields can change as TVL and incentive emissions change.

• DefiLlama yield prediction

  DefiLlama's model classifies this pool's yield as "Stable/Up" with 89% confidence based on historical patterns.

These notes are derived from the pool's structured data, not editorial advice. See our methodology.